By Kevin Buckland TOKYO (Reuters) The dollar rose to a nine-month high against its major peers on Thursday, on expectations that the Federal Reserve will start tapering its huge stimulus this year. The dollar index, which measures the U.S. currency against six rivals, climbed as high as 93.502, its strongest since Nov. 5, before trading 0.26%… Continue reading Dollar hits 9-month high as Fed on track to taper 2021. Let’s read.
By Alun John and Tom Westbrook HONG KONG/SINGAPORE (Reuters) Asian stocks slumped to their lowest levels this year and the dollar hit 10-month highs on Thursday as a double-whammy of worries about global growth and an end to central bank support drove nervous investors toward safety. Commodities were also sold with oil down for a… Continue reading Stocks slide, dollar climbs as taper and virus fears combine.
By Saikat Chatterjee LONDON (Reuters) The dollar held at a nine-month high versus the euro on Wednesday as major currencies marked time before the release of the Fed’s July minutes, with the kiwi the big mover overnight after its central bank kept interest rates unexpectedly on hold. The Kiwi was up 0.17% at $0.6935 in early… Continue reading Dollar stands tall before Fed minutes; kiwi volatile
by (Reuters) European stocks inched higher on Wednesday after a wobbly start to the week, as investors balanced risks from a spike in global COVID-19 cases with signs of a steady economic recovery in the continent. The pan-European STOXX 600 index rose 0.1% by 0712 GMT, with travel and leisure stocks recovering from sharp falls earlier this… Continue reading European stocks steady as travel sector rebounds
by Adam Button The combination of FOMC members’ insistence on a September taper with surging COVID cases/deaths in the US is too much to take for indices. Add to it a round of weak Chinese data and it underscores risks to the outlook ahead. Another disappointing US consumer reading—this time a larger than expected -1.1% drop in… Continue reading U.S. Dollar And Yen Firm On China And Delta
By Peter Nurse European stock markets are expected to open lower Tuesday, weighed by losses in Asia amid Covid, geopolitical concerns and fresh Chinese regulatory fears. DAX futures contract in Germany traded 0.5% lower, CAC 40 futures in France dropped 0.4% and the FTSE 100 futures contract in the U.K. fell 0.4%. European markets received a weak handover from Asia,… Continue reading European Stock Futures Lower; Chinese Regulatory Fears Weigh
BEIJING (Reuters) Tesla (NASDAQ:TSLA) Inc is hiring managers for legal and external relations teams in China, according to a job post on the its Wechat account, as the electric-car maker faces public scrutiny in the country over safety and customer service complaints. U.S.-based Tesla, which is making electric Model 3 sedans and Model Y sport-utility… Continue reading Tesla expands legal, external relations workforce in China
By Hideyuki Sano TOKYO (Reuters) The New Zealand dollar tumbled on Tuesday after the country discovered its first community case of COVID-19 in six months while the Australian dollar slipped to a one-month low as minutes from the central bank meeting were perceived as dovish. Safe-haven currencies such as the yen held firm against riskier… Continue reading Kiwi hit by new virus case; souring risk sentiment supports yen, Swiss franc
Tokenized Real Estate Hasn’t Lived Up to the Hype: Property Researcher London-born advisory and accountancy network Moore Global has published a new report gathering expert opinions from around the world about the future of the tokenized real estate market. Tokenized property remains niche largely due to its relative novelty and remaining regulatory uncertainties. Yet a… Continue reading Tokenized Real Estate market could hit $1.4T despite a slow start, report claims. Let’s see in 5 years
By Abhirup Roy and Aditya Kalra NEW DELHI (Reuters) India’s commerce minister faced heat on social media on Saturday for his remarks that many big domestic businesses had overlooked national interests and that $106 billion Tata Group’s objections to proposed policy changes for e-commerce had upset him. At an event organized by the Confederation of… Continue reading India’s commerce minister faces heat for criticism of businesses including Tata. Tata declined to comment on Saturday. “Quit India” movement in parliament.