Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China's economy at the end of last year, although gains were limited by caution ahead of Donald Trump's inauguration as U.
BoJ and RBA decisions dominate 2025’s early trends. Wage growth, inflation, and China’s stimulus measures drive Forex markets. Read key insights here.
Bank of Japan Gov. Kazuo Ueda echoed recent comments that have revived market expectations for imminent policy action.
SINGAPORE--The yen was poised on Friday for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot ahead of Donald Trump’s return to the White House.
The announcement by the People's Bank of China that it has suspended treasury bond purchases due to the asset's scarcity highlights the limitations of its resources as it confronts an increasingly challenging economic environment.
The Kobeissi Letter indicated that China recorded lower interest rates for the first time in 30 years than Japan. The report also highlighted that China’s economy is currently described as a “deflationary spiral,
Japan's headline inflation is at 2.9% year-over-year, at a 3-month high. A hot inflation print could set bitcoin back.
Bank of Japan Deputy Governor Ryozo Himino has signaled that an interest rate hike may be on the cards at the monetary policy meeting on January 23-24, as many of the shocks to the Japanese economy and deflationary factors have been resolved.
It doesn't really help either that the dollar is also positively correlating with a rising oil price. It's too much of a stretch to label the greenback a petrocurrency; nonetheless, as US shale-oil explorers have the ability to scale up, crude prices being buoyed by geopolitical tensions will only add to the dollar's resilience.
The PBOC's seven-day reverse repo rate, its new benchmark policy rate since last year, stands at 1.5% after a total of 30 basis point (bps) cuts in 2024. It is 203 bps lower than in May 2012, the first data point publicly available.
In the BANK OF CHINA HONG KONG TENNIS OPEN final on Sunday, Kei Nishikori faces Alexandre Muller.In his last competition, Nishikori fell to Holger Vitus Nodskov Rune 6-3, 2-6, 5-7 in the
Alibaba's recent strong quarter, focusing on efficiency and shareholder returns, makes it a buy despite macroeconomic challenges in China. Read more on BABA here.