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On Wednesday, Asian stocks mostly grew after Moody's downgraded China's credit rating. Additionally, market participants waited for minutes from the Fed as well as an approaching OPEC gathering.
Japan's Nikkei 225 headed north 0.56%, South Korea's Kospi grew 0.13% and Australia's benchmark S&P/ASX 200 index leapt 0.11%.
Ahead of the issue of the Fed’s minutes of its April gathering, scheduled for Wednesday, traders parsed Minneapolis President Neel Kashkari’s comments. He told that while the American economy is closer to full employment than it actually was in March, he’s concerned over the slower pace of core inflation amid a soar in employment.
Thursday’s upcoming OPEC gathering turns to be another potentially market-moving event. Crude prices have been ascending on expectations that OPEC-led output cuts are going to be extended with non-OPEC major producer Russia also in the pact.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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