Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Asia-Pacific markets are trading lower; China’s trade data in August beats expectations

Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more

Mixed actions; RBA hikes interest rates

Chinese yuan won’t weaken much beyond level 7, says Capital Economics The Chinese Yuan is likely to break level 7 against the greenback based on yield spreads in the two countries, according to Julian Evans-Pritchard, senior China economist at Capital Economics. But the currency won’t weaken much beyond that, he told CNBC’s “Squawk Box Asia.” … Read more

Jackson Hole and HKEX cancel morning session on typhoon warning

Bank of Japan member says he wants to stick to ultra-loose policy Toyoaki Nakamura, a member of the Bank of Japan, stressed the need to “patiently maintain” its position on monetary easing, according to Reuters. In a speech, he said that a tightening of monetary policy when the output gap remains negative would weigh heavily … Read more

Stocks mixed as rate hike fears rise, China cuts LPR

Reserve Bank of New Zealand wants rates ‘comfortably above neutral’, Reuters reports New Zealand policymakers want interest rates “comfortably above neutral” to combat rising prices, Reserve Bank of New Zealand Deputy Governor Christian Hawkesby has said. according to Reuters. The The RBNZ raised its cash rate by 50 basis points to 3% Last week. Hawkesby … Read more

Turkey shocks markets with rate cut despite inflation nearing 80%

Turkish President Tayyip Erdogan arrives for a NATO summit in Madrid, Spain, June 29, 2022. Sweet Nachos | Reuters Turkey’s central bank shocked markets on Thursday with a cut in its benchmark key rate, despite inflation in the country nearing 80%. The country’s currency, the readdecreased by 0.9% compared to the dollartrading at over 18.1 … Read more

Stocks are trading lower; SoftBank drops after earnings report

SINGAPORE — Asia-Pacific stocks were mixed on Tuesday on a quiet data day as markets continue to digest last week’s stellar U.S. jobs report. SoftBank Group the stock fell about 7% after the publication of its Vision fund a loss of 2.93 trillion Japanese yen ($21.68 billion) for the June quarter Monday after market close. … Read more

How to position yourself as the bull market beckons

Asset manager Dan Veru thinks US equities could suffer a sustained decline, before embarking on a “powerful rally” by the end of the year. A broad rally in US equities in July had raised hopes of a sustained stock market rebound. Speaking on CNBC’s “Squawk Box Europe” ahead of the start of Monday’s US trading … Read more