Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Stocks advanced with Treasuries as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
Stocks advanced with Treasuries as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia.
Oil prices fell for a fourth day as the premium traders put on geopolitical risks subsided and US inventories reached their highest levels since June.
As the US intensifies sanctions pressure on Moscow, Russia’s crude trade with India has begun to resemble a game of oil whack-a-mole. Just as one trader begins to gain prominence, another pops up.
State-run TC Ziraat Bankasi AS, Turkey’s largest lender by assets, has secured a one-year sustainability-linked syndicated loan of $1.7 billion, a record amount with the widest participation for any Turkish bank.
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