Asian markets declined on Thursday following overnight selloff on Wall Street after Fitch Ratings cut the US government’s credit rating. The credit rating agency Fitch downgraded the United States to AA+ from AAA, citing expected fiscal deterioration over the next three years as well as growing government debt. Meanwhile, private payrolls data in the US … Read more
Asian markets traded mixed on Tuesday following overnight gains on Wall Street ahead of key central bank rate decisions. Chinese stocks led the gains in the region on optimism over more economic stimulus from Beijing after China’s Politburo pledged to provide a boost to the slowing economy and its ailing property sector. In the US, … Read more
Asian markets declined on Friday following mixed cues from US stock indices and after the release of Japan’s inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%. However, this was for the 15th straight month that the … Read more
Asian markets traded higher on Wednesday following overnight rally in US stocks amid better than expected quarterly results from Wall Street. In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Data showed … Read more