More insurers are deserting the net zero alliance as the UN climate group sounds the alarm

More insurers are deserting the net zero alliance as the UN climate group sounds the alarm

(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more

Investors hold their breath as US debt talks edge closer to a deal

Investors hold their breath as US debt talks edge closer to a deal

Global stocks head for weekly loss Japan’s Nikkei aim for seven consecutive winning weeks Treasuries rally on hopes of US debt ceiling deal PCE inflation data in the United States before the start of Wall Street LONDON, May 26 (Reuters) – Global stock markets were silent on Friday, with investors holding their breath as the … Read more

AAArrgg! Stocks in debt ceiling danger zone after US rating warning

AAArrgg!  Stocks in debt ceiling danger zone after US rating warning

(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more

Markets pissed off as US debt ceiling nears critical moment

Markets pissed off as US debt ceiling nears critical moment

Asian scholarships: S&P 500 futures down 0.1%, Japanese Nikkei flat US debt ceiling talks to resume after deadlock Powell less warmongering than feared; Yellen warns against further bank mergers G7 to reduce trade dependency on China, Beijing partially bans Micron SYDNEY, May 22 (Reuters) – Asian stocks and Wall Street futures struggled on Monday as … Read more

US dollar falls from five-week high as data and debt ceiling weigh

US dollar falls from five-week high as data and debt ceiling weigh

(1/2) U.S. dollar banknotes are shown in this illustration taken February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo New York Fed’s manufacturing index plunges in May and weighs on the dollar Debt ceiling issue enters critical week The Turkish lira falls to a record low against the dollar Thai baht rallies after election result SINGAPORE, May 15 … Read more

Asian stocks rise as investors brace for Chinese data, Fed speakers

Asian stocks rise as investors brace for Chinese data, Fed speakers

Asian scholarships: China keeps its key rate stable; Nikkei up 0.7% Thai baht rallies after opposition election victory Biden expected to meet with lawmakers on debt ceiling on Tuesday A host of Fed officials are due to speak this week SYDNEY, May 15 (Reuters) – Asian stocks rose cautiously on Monday as investors braced for … Read more

Morning bid: Main macro signals from China and Japan

Morning bid: Main macro signals from China and Japan

May 15 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Key economic data from China and Japan and a rate decision from the Philippines central bank could be the main regional drivers for Asian markets this week as investors grow increasingly nervous about the US and global macro outlook. … Read more

Tech-heavy Nasdaq jumps on signs of slowing inflation

Tech-heavy Nasdaq jumps on signs of slowing inflation

April headline CPI increases at an annual rate of 4.9% Occidental slips as first-quarter profit misses estimates Airbnb drops on low booking forecasts Indices: Nasdaq up 0.79%, S&P up 0.27%, Dow down 0.20% May 10 (Reuters) – The Nasdaq led gains among major Wall Street indexes on Wednesday as a slightly lower-than-expected rise in inflation … Read more

Stocks stumble as investors jitter ahead of US inflation data

Stocks stumble as investors jitter ahead of US inflation data

SINGAPORE, May 10 (Reuters) – Stocks struggled to rise in Asia and the dollar was firm on Wednesday ahead of U.S. consumer price data that could hurt hopes of an interest rate cut later this year if inflation does not show much decline. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell on Tuesday … Read more

Asia shares slightly higher, US inflation test looms

Asia shares slightly higher, US inflation test looms

Asian scholarships: Nikkei lower, US equity futures fraction lower Focus on US inflation, banking survey The Bank of England hiked again this week SYDNEY, May 8 (Reuters) – Asian stocks rose on Monday as investors brace for a week where U.S. inflation data will test bets on the next interest rate cut, while concerns over … Read more