The Magazine for Asian Investors
The Dow closes lower as investors continue to sell stocks on recession fears after the Federal Reserve (Fed) insisted on tightening monetary policy to curb inflation. In addition, the Purchasing Managers’ Index (PMI) for the manufacturing and service sectors in…
The Dow ended trading at a 2-month low Friday (Sept. 16) after FedEx warned of a global economic slowdown and investors sold their shares to reduce risk. Crude oil futures closed slightly higher but remained lower for the third straight…
The Japanese yen fell to its lowest level in more than 7 years against the euro on Monday (September 9), reaching the midpoint of its trading range at 144 yen per euro, following the European Central Bank’s (ECB) decision to…
With the euro falling near a 20-year low today, Russian energy giant Gazprom announced it would suspend gas supplies to Europe via the Nord Stream 1 pipeline for an indefinite period. This has raised fears that energy shortages in Europe…
The Dow closed lower Friday (Sept. 2) under pressure from concerns about the European energy crisis and lower-than-expected U.S. economic data. The labor market may begin to slow, which would reduce pressure on the Federal Reserve (Fed) to raise interest…
The Dow closes lower on fears that the U.S. Federal Reserve (Fed) may raise interest rates for a third time by 0.75% at its monetary policy meeting in September. This could plunge the U.S. economy into recession. The Dow Jones…
The U.S. dollar weakened against major currencies in a basket of currencies on Wednesday (July 27) after the Federal Reserve raised interest rates by 0.75%, as expected. The dollar index against the six major currencies in a basket of currencies…
The Indian rupee fell this morning. Domestic equity markets rose, and a slight decline in global crude oil prices failed to allay concerns about a global dollar shortage. The US dollar weakened today, while the euro gained. Europe may be…
The Turkish lira fell to 17.5730 against the dollar today, its lowest level since the currency crisis in December 2021, after the dollar strengthened and concerns about high domestic inflation and low-interest rates emerged. The lira has fallen about 25%…
The Dow closed higher on Friday (July 1) as investors bought stocks ahead of the long weekend. U.S. markets will be closed on Monday, July 4, in observance of the U.S. National Day holiday. The Dow Jones Industrial Average closed…
