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Market Overview - Page 136


Asia-Pacific stocks rise; Reserve Bank of New Zealand keeps rates unchanged
Asia-Pacific stocks rise; Reserve Bank of New Zealand keeps rates unchanged.

Shares in Asia-Pacific were higher on Wednesday. The Reserve Bank of New Zealand kept interest rates unchanged despite expectations of a hike. In Japan, the Nikkei 225 rose 0.71% while the Topix index climbed 0.6%. Japan’s government on Tuesday decided.

Dow futures fall slightly after 30-stock average snaps 5-day winning streak
Dow futures fall slightly after 30-stock average snaps 5-day winning streak.

Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day winning streak in the regular session. Dow futures fell 50 points. S&P 500 futures dipped 0.1% and Nasdaq 100 futures dropped 0.15%. On Tuesday,.

Big Oil’s bid to lure back investors with cash could ultimately fail
Big Oil’s bid to lure back investors with cash could ultimately fail.

The world’s largest oil and gas majors are seeking to lure back investors by returning more cash to shareholders. Market participants, particularly those looking to the long term, remain highly skeptical. It comes at a time when oil and gas.

New Zealand was set to be the first advanced economy to hike rates. One Covid case put a stop to it
New Zealand was set to be the first advanced economy to hike rates. One Covid case put a stop to it.

New Zealand was widely expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged on Wednesday after one Covid case led the country to announce a nationwide lockdown a day earlier. The.

China calls for curbs on ‘excessive’ income and for the wealthy to give back more to society
China calls for curbs on ‘excessive’ income and for the wealthy to give back more to society.

Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies..

U.S. Poised for Boosters; New Zealand in Lockdown
U.S. Poised for Boosters; New Zealand in Lockdown.

The U.S. government is poised to being offering booster shots as soon as next month, with the country facing a renewed wave of infections fueled by the highly transmissible delta variant. New Zealand, which has run a successful Covid elimination.

UK payrolls move closer to pre-pandemic level: ONS
UK payrolls move closer to pre-pandemic level: ONS.

The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed on Tuesday. The Office for National Statistics said.

US retail sales drop more than expected, heightened market worry
US retail sales drop more than expected, heightened market worry.

A new batch of weak data has now come from the US retail sales. Over July, sales fell by 0.7%, more than the -0.2% expected. This data develops the idea that Americans have chosen to stay away from retail markets.

China may align itself with Taliban and try to exploit Afghanistan’s rare earth metals, analyst warns
China may align itself with Taliban and try to exploit Afghanistan’s rare earth metals, analyst warns.

Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China — that may be looking to swoop in on the country must follow international terms, one analyst told CNBC. Shamaila Khan,.

Flights resume from Kabul airport as people scramble to leave Afghanistan
Flights resume from Kabul airport as people scramble to leave Afghanistan.

Evacuation flights resumed from Kabul’s international airport Tuesday after a frenzied and panic-filled day that saw thousands of Afghans swarm the tarmac, including some who fell off departing planes in desperate attempts to get out of Afghanistan. Images from Hamid.

Gold: climbing uphill only to plummet off a cliff
Gold: climbing uphill only to plummet off a cliff.

Gold added for the sixth consecutive trading session, showing persistent but very cautious gains. Sustained buying brought the price closer to 1800, almost recovering from a violent two-day sell-off after a strong NFP. Despite steady buying, downside risks still prevail.

Chaotic scenes at Kabul airport as Afghans and foreign nationals flee Taliban
Chaotic scenes at Kabul airport as Afghans and foreign nationals flee Taliban.

Thousands of Afghans have amassed on the tarmac at Kabul’s international airport in the hours following the Taliban’s breach of the city. The chaotic scenes at Hamid Karzai International Airport Monday captured by news crews and cell phones convey a.

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