NZX 50 Ends 0.6% Lower, Little Changed for the Week

NZX 50 Ends 0.6% Lower, Little Changed for the Week

The NZX 50 fell 79 points, or 0.6%, to close at 13,754 on Friday, reversing gains from the morning session and the previous two days. The decline was led by weakness in utilities, communication services, and real estate stocks. Sentiment was weighed down by fresh data showing food inflation rising to a three-month high, while

Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as Asian stock markets traded higher, boosted by strong gains in Japan and South Korea amid a rebound in technology and semiconductor stocks after the recent sell-off on concerns over rising costs

European Gas Prices Hover Near Peaks

European Gas Prices Hover Near Peaks

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Australian Stocks Head for 3rd Straight Weekl…

Australian Stocks Head for 3rd Straight Weekl…

Australian shares climbed 96 points, or 1.1%, to 8,818 in early Friday trade, snapping two sessions of losses and hitting a five-week high. The rebound followed an overnight recovery on Wall Street, where tech stocks steadied after a recent sell-off. In China, Australia’s largest trading partner, PBoC Governor Pan Gongsheng reaffirmed a moderately loose policy

Malaysia Stock Market May Reverse Thursday's Losses

Malaysia Stock Market May Reverse Thursday's Losses

The Malaysia stock market on Thursday snapped the four-day winning streak in which it had collected almost 30 points or 1.8 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,625-point plateau although it may bounce higher again on Friday. Source link

South Korea’s Export Price Growth Cools in Se…

South Korea’s Export Price Growth Cools in Se…

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Gasoline Declines to Two-Week Low

Gasoline Declines to Two-Week Low

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U.S. Business Inventories Increase In Line With Estimates In August

U.S. Business Inventories Increase In Line With Estimates In August

Business inventories in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories rose by 0.4 percent in August after climbing by an upwardly revised 0.9 percent in July. Source link

Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point

Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point

US Producer Inflation Surged Far Beyond Expectations, but Treasury Yields Kept Falling and the Dollar Struggled to Recover What’s happening: US producer inflation surged far beyond expectations on Thursday, retail sales beat forecasts and layoffs remained contained, yet Treasury yields continued falling and the Dollar struggled to recover. The AI-related selloff that hit Nasdaq on

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