Asian stocks cautious ahead of Powell's speech; yuan at fresh 11-1/2 year low

TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. With the U.S.-China trade war dragging on, and political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly awaiting Fed Chair […]

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Asian stocks struggle ahead of Powell's speech; yuan at fresh 11-1/2 year low

TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. With a trade war between the United States and China dragging on, and political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors […]

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EMERGING MARKETS-Equities end 4-day run of gains as Fed plays down aggressive rate cuts

* MSCI’s EM index eases 0.4%. * Chinese yuan hits 11-year low * Turkish lira drops despite upbeat data * China vows retaliation if U.S. imposes tariffs By Sruthi Shankar Aug 22 (Reuters) – Emerging market stocks broke a four-day winning streak on Thursday and currencies weakened as investors sought clarity about further U.S. interest rate cuts after the Federal […]

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European stocks recover before Fed minutes, Jackson Hole gathering

LONDON (Reuters) – European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. Traders are waiting for the Federal Reserve’s annual JacksonHole symposium later this week and a Group of Seven summit this weekend for clues on what steps policymakers will take […]

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Caution grips Asian shares as Fed events loom large

SYDNEY (Reuters) – Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going. Much depends on what the Federal Reserve does with U.S. interest rates, making markets hyper-sensitive to the minutes – due later on Wednesday – of its most recent meeting. Traders […]

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Alibaba reportedly postpones its rumored $20 billion listing amid Hong Kong unrest

Chinese e-commerce giant Alibaba will postpone its rumored upcoming listing on the Hong Kong Stock Exchange, unnamed sources toldReuters. The revelation follows unconfirmed reports, first published byBloomberg, thatAlibaba is considering raising US$20 billion via a listing in Hong Kong in the second half of 2019, following itsrecord-breaking New York Stock Exchange IPO in 2014. The report comes as mass protests […]

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EMERGING MARKETS-Argentina in red again, lagging steady Latam markets

By Sruthi Shankar Aug 20 (Reuters) – Most Latin American currencies edged higher on Tuesday as investors speculated the path of U.S. interest rates amid growing signs that policymakers are willing to do more to stimulate their slowing economies. Bucking the trend, Argentina’s peso shed over 1% even as the new Treasury Minister Hernan Lacunza sought to calm investors by […]

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Robert Shiller says the Fed's rate cut had the opposite intended effect, sparked recession alarm

"I think that there is a problem with cutting rates because it shows a sense of alarm," Nobel-winning economist Robert Shiller says. Concerns about global economic uncertainty helped spur the Federal Reserve to cut interest rates last month for the first time since the 2008 financial crisis. The CME FedWatch tool is estimating a 95% chance of a 25 basis […]

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