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BOJ to forgo July rate hike, taper 24 trillion yen per year: ex-policymaker
BOJ to forgo July rate hike, taper 24 trillion yen per year: ex-policymaker
June 17, 2024
THE Bank of Japan (BOJ) is likely to trim bond-buying by around 24 trillion yen (S$206 billion) annually in new guidance due next month, but forgo raising interest rates...
Hong Kong central bank keeps key rate steady, tracking Fed move
Hong Kong central bank keeps key rate steady, tracking Fed move
June 13, 2024
THE Hong Kong Monetary Authority (HKMA) left its base rate through the overnight discount window unchanged at 5.75 per cent on Thursday (Jun 13), tracking a move by the...
Philippines rate cut likely after fed, finance chief says
Philippines rate cut likely after fed, finance chief says
June 13, 2024
THE Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than...
Oil climbs on 2024 stock forecasts, reinforced US rate cut bets
Oil climbs on 2024 stock forecasts, reinforced US rate cut bets
June 12, 2024
OIL prices rose more than 1 per cent on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of 2024, while US inflation data solidified...
Europe: Shares gain as cool US data bolsters Fed rate cut hopes
Europe: Shares gain as cool US data bolsters Fed rate cut hopes
June 12, 2024
EUROPEAN shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool US inflation reading propped up hopes that the Federal Reserve could kick-off its policy easing cycle...
US: S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024
US: S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024
June 12, 2024
THE S&P 500 and Nasdaq finished at fresh records on Wednesday following improved inflation data as the Federal Reserve kept interest rates level.The broad-based S&P 500 rose 0.9 per...
Singapore shares end flat as markets hold their breath for Fed rate decision; STI down 0.1%
Singapore shares end flat as markets hold their breath for Fed rate decision; STI down 0.1%
June 12, 2024
SINGAPORE shares ended flattish on Wednesday (Jun 12) as markets took a wait-and-see approach ahead of a key US Federal Reserve meeting. The benchmark Straits Times Index (STI) fell...
Bank of Japan expected to weigh bond buying cuts as rate hike timing nears
Bank of Japan expected to weigh bond buying cuts as rate hike timing nears
June 11, 2024
THE Bank of Japan (BOJ) is broadly expected to discuss cutting bond purchases at a policy meeting ending on Friday (Jun 7), with some investors expecting the central bank...
Singapore stocks fall as hopes for early Fed rate cut dim; STI down 0.3%
Singapore stocks fall as hopes for early Fed rate cut dim; STI down 0.3%
June 10, 2024
SINGAPORE shares ended Monday (Jun 10) lower after stronger-than-expected US jobs figures last Friday hurt market sentiment. The benchmark Straits Times Index (STI) fell 0.3 per cent or 8.69...
Asia: Markets fall as strong US jobs data dents rate cut hopes
Asia: Markets fall as strong US jobs data dents rate cut hopes
June 10, 2024
ASIAN markets mostly fell on Monday (Jun 10) as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty...