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NEW YORK: Wall Street took a nosedive late in the session on Tuesday, reversing solid gains to close deep in negative territory after President Donald Trump announced he was calling off talks on coronavirus relief legislation until after the Nov. 3 election.
KUALA LUMPUR: The FBM KLCI opened on shaky footing on Thursday as growing political uncertainty and a sell-off in US markets weighed on investor sentiment.
BENGALURU: Gold prices slipped on Tuesday following a sharp drop the previous day, as the dollar hit multi-week highs ahead of U.S. Federal Reserve Chair Jerome Powell's appearance at a congressional committee.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
THE volatile market action over the past 24 hours shines a spotlight on an important question for investors: Have markets lost part of the liquidity anchor that not only allowed them to brush off a number of negative influences but also pulled stocks higher to one record after the other?
NEW YORK: U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims
INTEREST rate cuts are becoming passe in important parts of Asia. The main game now is the expansion of monetary policy into arenas once considered off-limits for responsible central banks.
NEW YORK: The way Federal Reserve chair Jerome Powell sees it, the US labour market has a long way to go to meet the central bank’s maximum employment goal and a lot of boxes to tick along the way.