A man walks past an electronic display showing Asian markets indices outside a brokerage in Tokyo on January 8 2020. Picture: REUTERS/Issei Kato
The dollar nursed small losses in currency trading, though moves were muted ahead of a key Thursday speech from Federal Reserve chair Jerome Powell in which he is expected to outline the central bank’s next steps. “If you look at the macro numbers, a lot of the improvement in the second quarter seems to be slowing down in momentum,” said Tai Hui, Hong Kong-based JPMorgan Asset Management chief market strategist in Asia.
Producers evacuated 310 offshore facilities and shut 1.56-million barrels a day of crude output, 84% of Gulf of Mexico’s offshore production — near the 90% outage that Hurricane Katrina brought 15 years ago. Stronger-than-expected business sentiment in a German survey on Tuesday had again underpinned the euro by buttressing markets’ belief that the continent can bounce back from the coronavirus faster than the US.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE faces weaker Asian markets on WednesdayFocus is on the Jackson Hole symposium in the US, which is expected to produce policy guidance
Source: BDliveSA - 🏆 12. / 63 Read more »
US-Sino trade optimism lifts Asian marketsMSCI’s broadest index of Asia-Pacific shares are just below a two-year high
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE faces mixed Asian markets on TuesdayHopes of progress in treating Covid-19 and US-China trade talks lift sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »
US-Sino trade optimism lifts Asian marketsMSCI’s broadest index of Asia-Pacific shares are just below a two-year high
Source: BDliveSA - 🏆 12. / 63 Read more »