Ritu

Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results 0
- Uncategorized
- March 23, 2023
Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and was set for its best day since early-March, as easing COVID
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Asia FX Surges, Dollar Sinks on Fed’s ‘Dovish Hike’0
- Uncategorized
- March 23, 2023
Most Asian currencies rose sharply on Thursday, while the dollar fell to a seven-week low after the Federal Reserve raised interest rates but hinted at a potential pause in its tightening cycle, although rates are likely to remain higher for longer. China’s yuan surged 0.7%, while the South Korean won was the best performer for
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European Stock Futures Mixed; U.K. Inflation Climbs Ahead of Fed Rate Decision 0
- Uncategorized
- March 22, 2023
European stock markets are expected to trade in a mixed fashion at the open Wednesday as investors digest U.K. inflation data and nervously await the latest Federal Reserve decision on interest rates. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.2% higher, the FTSE 100 futures contract in the U.K. rose
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Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes 0
- Uncategorized
- March 22, 2023
Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the yellow metal. Bullion prices were nursing sharp losses from the prior
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