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Blog 3 Columns

  • Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears

    Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears0

    Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and

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  • Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes

    Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes0

    Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was dented by a warning from the

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  • China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin

    China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin0

    Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, higher than forecasts

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  • Dow Futures Tick Higher, Fed Minutes In Focus

    Dow Futures Tick Higher, Fed Minutes In Focus0

    U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead

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  • South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI

    South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI0

    South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturers fell to a seasonally-adjusted 48.2

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  • Philippines Main Airport Scrambles To Restore Normalcy After Power Cut

    Philippines Main Airport Scrambles To Restore Normalcy After Power Cut0

    The Philippines’ main gateway remained on reduced operations on Monday after a New Year power outage that jolted its air traffic control, with authorities scrambling to resume full service after more than 300 flights were disrupted. The ageing Ninoy Aquino international airport was early on Monday handling a maximum 15 arrivals per hour compared to

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