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GLOBAL MARKETS-Asia stocks gain, bonds fall as traders consider odds of bigger Fed cut
Market sees 7% odds of half-point Fed cut on Sept. 17Asian traders take cues from Wall St rise to new recordU.S. PPI, CPI figures this week to give final clues on Fed moveBy Kevin Buckland TOKYO, Sept 10 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday and bonds fell as traders fi...Reuters
9 minutes ago
INDIA STOCKS-India's stock benchmarks open higher on hopes of progress in US trade talks
Sept 10 (Reuters) - India's equity benchmarks opened higher on Wednesday, extending their rally, fuelled by hopes of progress in trade talks with Washington, while recent tax cuts and firming expectations of a U.S. rate cut supported sentiment. The Nifty 50 .NSEI rose 0.49% to 24,991, and t...Reuters
19 minutes ago
HK Movers | New Consumption Stocks Fall. Laopu Gold down 7%; Pop Mart down over 6%; Auntea Jenny, Bloks down around 3%
Hong Kong’s new consumption stocks fell on Wednesday. Laopu Gold down 7%; Pop Mart down over 6%; Auntea Jenny, Bloks down around 3%. Pop Mart International Group Ltd.’s shares tumbled 12% this week, reflecting concerns over product demand for the Chinese toy maker and profit taking after the stock’...Tiger News
24 minutes ago
Shares Surge 27% After Hours — Oracle Lands Major OpenAI Deal, Re-Enters Top Tier of AI Cloud
TradingKey - On Tuesday (U.S. Eastern Time), Oracle (ORCL) saw its stock soar over 27% in after-hours trading after announcing a major cloud computing contract with OpenAI, sending its Remaining Performance Obligations (RPO) — revenue from signed contracts not yet delivered — to $455 billion.
TradingKey
31 minutes ago
HK Movers | JD-SW Rises Over 4% Following Strategic Partnership with Jin Jiang Hotels to Innovate Dining Consumption Scenarios
JD-SW surged over 4% as it officially entered into a strategic cooperation agreement with Jin Jiang Hotels to integrate their advantageous resources, and comprehensively deepen collaboration focusing on innovation in catering consumption scenarios, hospitality & tourism services and supply chain col...Tiger News
57 minutes ago
China's producer deflation eases, helped by crackdown on price wars
China's August CPI down 0.4% y/y vs 0.0% in JulyFood deflation deepens, core inflation climbs August PPI falls 2.9% y/y vs down 3.6% in JulyPolicymakers step up efforts to curb price competition BEIJING, Sept 10 (Reuters) - China's producer deflation eased in August, suggesting Beijing&#...Reuters
an hour ago
RPT-COLUMN-Fed rate cut now signals 3% inflation is the new 2%: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 9 (Reuters) - The Federal Reserve is widely expected to cut interest rates next week even though inflation is still around 3%, a full percentage point above the official goal. This raises an uncomfortable question: is the central bank's 2% inflation target...Reuters
an hour ago
GLOBAL MARKETS-Asia stocks gain, bonds fall as traders judge odds of bigger Fed cut
Market sees 7% odds of half-point Fed cut on Sept. 17Asian traders take cues from Wall St rise to new recordU.S. PPI, CPI figures this week to give final clues on Fed moveBy Kevin Buckland TOKYO, Sept 10 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday and bonds fell as traders fi...Reuters
an hour ago
New Zealand's Income Growth Ranks Among the Weakest Globally
New Zealand’s post-COVID downturn has left the country’s wage growth lagging behind that of most countries worldwide, with incomes ranking near the bottom of global comparisons.When comparing real GDP per capita adjusted for purchasing power parity, New Zealand's economic growth ranking over the pas...Tiger News
2 hours ago
HK Movers | Baidu Soars Nearly 5% as New AI Model Launch Boosts Investor Confidence
Baidu's stock surged nearly 5% to HK$111.10 on Wednesday, driven by the company's latest advancements in artificial intelligence technology.The primary catalyst for the stock's upward movement appears to be the official release of Wenxin Large Model X1.1, announced at the WAVE SUMMIT Deep Learning D...Tiger News
2 hours ago
Japan's Nikkei index follows Wall Street higher; Kansai Electric surges
By Rocky Swift TOKYO, Sept 10 (Reuters) - The Nikkei share index edged up on Wednesday, following gains on Wall Street, as traders gauged economic data for signals of central bank policy shifts in the United States and Japan.Japan's Nikkei 225 Index .N225 climbed 0.3% to 43,604.15, bouncing b...Reuters
2 hours ago
St George Mining rises on MoU to commercialise resources from Brazil site
** St George Mining SGQ.AX rises as much as 6.4% to A$0.067; gained in eight of last nine sessions** Critical minerals miner signs MoU with REAlloys to commercialise rare earths resources from its Araxá niobium-REE project in Brazil** REAlloys produces, supplies magnet materials to U.S. government o...Reuters
2 hours ago
This Scorching Hot Artificial Intelligence (AI) Stock Just Exploded Higher and Could Be Headed to the $1 Trillion Club Much Earlier Than Expected
Key PointsOracle's extensive assortment of cloud, database, and enterprise software products is found in 98% of the Fortune 500 companies. The rapid adoption of AI just fueled a massive increase in the company's remaining performance obligation (RPO), which will drive future growth. Oracle's fundam...The Motley Fool
2 hours ago
24H｜Big Tech Stocks Rise, Oracle up 30%, AMD up 3%, Nvidia up 2%; Baidu up 6%, Alibaba up 3%; CoreWeave, TeraWulf up 5%; Synopsys down 19%
Big tech stocks rose in overnight trading. Oracle up 30%; AMD rose 3%; Broadcom, Nvidia rose 2%; TSMC, Palantir, Micron up 1%.Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively l...Tiger News
2 hours ago
HK Movers | Yunfeng Financial Soars 31% on SFC Approval for Virtual Asset Dealing
Yunfeng Financial Group saw its shares surge by 31% on Wednesday, following a significant regulatory approval announcement. The company's stock price jump comes in response to news that its subsidiary has received crucial licenses from Hong Kong's Securities and Futures Commission (SFC).According to...Tiger News
2 hours ago
Lithium miners drag globally on report of CATL restarting China mine
Sept 10 (Reuters) - Shares of lithium miners around the world slipped after a China state media report said Contemporary Amperex Technology (CATL) 300750.SZ is likely to soon resume production at a lithium mine in Yichun, located in southern China's Jiangxi province.Prices of lithium carbonate f...Reuters
2 hours ago
PRECIOUS-Gold takes a breather as focus turns to US inflation data
Sept 10 (Reuters) - Gold prices were flat on Wednesday, as investors awaited key inflation reports due later this week, while expectations of a U.S. interest rate cut this month helped keep bullion above the critical $3,600-per-ounce level. FUNDAMENTALS* Spot gold XAU= held its ground at $3,6...Reuters
2 hours ago
China's consumer prices fall in August
BEIJING, Sept 10 (Reuters) - China's consumer prices slid in August while producer deflation eased, as policymakers tried to rein in excessive competition and price cuts in key industrial sectors. The consumer price index was down 0.4% last month from a year earlier, National Bureau of Statistic...Reuters
3 hours ago
