EUR/USD 1.18851
0.118%
Gold 5069.11
-0.299%
Oil 63.433
-2.013%
USD/JPY 152.664
-0.394%
GBP/USD 1.36538
0.189%
GBP/JPY 208.447
-0.193%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Senate Democrat Cantwell: El Paso airport exposes real problems in coordination between the U.S. Department of Defense and the Federal Aviation Administration.The chairman of the U.S. Federal Trade Commission (FTC) issued a warning letter to Apple (AAPL.O) CEO Tim Cook.U.S. EIA natural gas inventories for the week ending February 6 were -249 billion cubic feet, compared to an expected -257 billion cubic feet and a previous -360 billion cubic feet.According to the Financial Times, the BBC plans to cut hundreds of millions of pounds in costs in its latest restructuring plan.February 12th - Data released Thursday by the National Association of Realtors (NAR) showed that U.S. pending home sales fell to an annualized rate of 3.91 million units in January, a decrease of 8.4% month-over-month, marking the largest monthly drop since April 2022 and far below the market median expectation. The blizzards and snow that swept across much of the country in late January likely delayed a large number of contract settlements. In the hardest-hit South—the largest home sales market in the U.S.—sales plummeted 9% to an annualized rate of 1.81 million units; sales in other parts of the country also declined significantly. "Lower-than-usual temperatures and higher-than-usual precipitation in January made it more difficult than usual to determine the underlying drivers of the sales decline and whether this months data is an outlier," said Lawrence Yin, chief economist at the NAR, in a statement. With mortgage rates recently falling and home price increases slowing, signs of improved affordability are becoming a bright spot in the housing market. The NAR Housing Affordability Index climbed to its highest level since 2022 last month, but remains well below pre-pandemic levels. Without sustained improvements in affordability, the housing market recovery may be a long and arduous process.

Asia-Pacific Shares Move Higher as Investors Bet on Fed “Pivot”

Jimmy Khan

Oct 31, 2022 16:01



On Monday, the main Asia-Pacific stock indices were generally up as traders ignored disappointing manufacturing and non-manufacturing statistics from China and turned their attention to the US Federal Reserve meeting later in the week. Traders said that the markets were mostly underpinned by expectations that the Fed will later this week sound less assertive about potential rate rises.


Gains are being reported in Australia, South Korea, Hong Kong, and Japan, although China's equities plummeted as a result of the dismal economic statistics.


The revelation of an electronic visa system for Chinese citizens visiting Macao helped casino companies recover, and Hong Kong's Hang Seng Index increased by 0.89%. According to CNBC, the Shanghai Composite in mainland China was down by 0.03%.

China's factory activity decreased in October, falling short of expectations

Compared to September, China's manufacturing activity decreased in October, according to statistics from the National Bureau of Statistics.


The official manufacturing Purchasing Managers' Index reading of 49.2 fell short of forecasts for a reading of 50, the line dividing monthly expansion from contraction. The PMI score for September was 50.1.


The official non-manufacturing PMI for China registered at 48.7, down from a reading of 50.6 in September.

Suggestion