ESG investments surged in Asia-Pacific in 2020 as sustainable investing takes off, MSCI survey finds
Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance...
Currency Trading Subdued, But Risk Aversion Building Up
Huge volatility continues in stock markets as Asian indices dive following the selloff in US overnight. But movements in exchange rates are relatively subdued, and mixed. Swiss Franc, Yen and Euro are currently the weaker ones for the week, followed...
Market Morning Briefing: EURJPY Looks Stable Just Now While Below Immediate Resistance Near 130
STOCKS Asian equities are trading in the red and keep alive the chances of seeing a sharp fall going forward. Nikkei can fall to 28000-27000 while it remains below 30000 and Shanghai can test 3450-3400. Sensex and Nifty have surged...
Crude Oil Shrugs Off OPEC+ Output Cuts Rollover
Bond-driven risk aversion dominated broader markets on Wednesday but crude shrugged it off on optimism that OPEC+ will rollover cuts. The US dollar as the top performer while the kiwi lagged. Comments from Powell are key in the day ahead....
Walmart says it will support U.S. manufacturers with $350 billion of added business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to back American manufacturers by...
USD/CHF and DXY Mending Their Broken Relationship
The Swiss Franc and the US Dollar Index (DXY) have been highly correlated this year, with a correlation coefficient above +0.90 for most of the year. The correlation coefficient of +1.00 indicates a perfect correlation, indicating that the 2 assets...
New Zealand Dollar Slips
The New Zealand dollar is down considerably in Wednesday trading. Currently, NZD/USD is trading at 0.7245, down 0.65% on the day. New Zealand dollar stabilizes The New Zealand dollar finds itself in calm waters this week, after taking the market...
Shares of Rocket Companies are dropping after a 70% irrational pop in the heavily shorted name
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket | Getty Images Shares of Rocket Companies dropped more than 20% Wednesday following a surprise rally in the previous session, as...
Dollar Recovers Despite Sluggish ADP Job Growth, Yields Up Again
Dollar recovers in early US session as sluggish ADP job growth drags down stock futures. Additionally, treasury yields are having a mild rebound. At this point, Sterling is following as the strongest followed the day, then Canadian. New Zealand Dollar...
Private payrolls growth well short of expectations for February, ADP says
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP. Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones. The...
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