The Magazine for Asian Investors
The Purchasing Managers’ Index (PMI) for the UK’s manufacturing and primary services sectors fell to 51.8 in May, a 15-month low (April: 58.2). The PMI was below analysts’ forecast of 57.0, due to inflation and the war between Russia and…
Crude oil closed lower on Tuesday (May 24) as markets came under pressure from recession fears. The United States also signaled that it could restrict oil exports to control energy prices in the country. WTI crude futures were down 52…
—– The Nikkei index in Tokyo closed lower. It was pressured by the slump in the Dow and by investors selling shares to take profits after the Nikkei had risen for two trading days in a row. Biggest losers were…
Crude oil futures closed slightly higher on Monday (May 23). The expectation that oil demand in the U.S. will increase over the summer is lifting market sentiment. This is the time of year when Americans go on trips. WTI crude…
While the EU is busy with sanctions talks against Russian oil, Russia has already opened new distribution channels for its energy products. China is reportedly buying at a discount price of $29 per barrel below the price before the Ukraine…
—– Hong Kong’s Hang Seng Index closed lower as investors worried that measures to curb the spread of COVID-19 will impact private sector revenue. Alibaba Health Information Tech is among the big losers today, down 9.71%. The Internet giant Alibaba…
Asia On Tuesday, South Korea releases its consumer confidence for the month of May, Australia releases S&P Global’s manufacturing and services purchasing managers index for the month of May, and Indonesia’s central bank holds its monetary policy meeting and announces…
—– The Dow Jones Industrial Average closed slightly higher after a volatile trading session. But the Dow continued its weekly decline for the eighth week in a row. This is the longest decline since April 1932, during the Great Depression.…
Crude oil futures closed higher on Friday (May 20), buoyed by concerns about tight oil supplies. WTI crude futures were up $1.02, or 0.9%, at $113.23 a barrel. BRENT crude futures were up 51 cents, or 0.5%, at $112.55 a…
The U.S. dollar gained against a basket of major currencies on Friday (May 20) as investors bought the greenback as a safe haven amid concerns about the impact of rising inflation. The dollar index, against the six major currencies in…
