Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting

Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting
TOKYO (Reuters) – Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019.... Read More

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting
TOKYO (Reuters) – Asian stocks inched higher on Monday, with a rebound in the Hong Kong market helping the mood, as investors remained cautious ahead of a closely-watched Federal Reserve meeting. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon But the simmering trade... Read More

Asian shares wobble on trade, political tensions; focus turns to Fed meet

Asian shares wobble on trade, political tensions; focus turns to Fed meet
TOKYO (Reuters) – Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7,... Read More

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed
(Reuters) – Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo A surprise escalation in trade tensions between Washington... Read More

China’s FedEx probe should not be seen as retaliation: Xinhua

China’s FedEx probe should not be seen as retaliation: Xinhua
FILE PHOTO: A Federal Express delivery truck is shown in downtown Los Angeles, California, U.S., October 24, 2018. REUTERS/Mike Blake SHANGHAI (Reuters) – China’s investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States. The inquiry was... Read More

Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears
NEW YORK (Reuters) – U.S. stocks ended nominally lower on Friday as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Logos for Chewy Inc. are displayed on the trading floor on the morning of the company’s IPO at the... Read More

Global stocks edge lower on data, oil rises on geopolitical fears

Global stocks edge lower on data, oil rises on geopolitical fears
NEW YORK (Reuters) – Equity markets lost ground on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and mounting fears of a U.S.-Iran confrontation added to geopolitical uncertainty, sending oil prices higher. Logos for Chewy Inc. are displayed on the trading floor on the morning of the company’s IPO at the New York Stock Exchange... Read More

Stocks edge lower, gold gains on slowdown, geopolitical fears

Stocks edge lower, gold gains on slowdown, geopolitical fears
NEW YORK (Reuters) – Equity markets struggled and safe-haven assets like gold were in demand on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and fears of a U.S.-Iran confrontation added to geopolitical uncertainty. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of trading... Read More

Strong U.S. retail sales improve economy’s fortunes

Strong U.S. retail sales improve economy’s fortunes
WASHINGTON (Reuters) – U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo The fairly upbeat report... Read More