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Moody’s cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants on review for potential downgrades on Tuesday.The rating agency warned that the sector’s credit strength would likely be tested by funding risks and weaker profitability.
Japan’s current account balance logged the fifth straight month of surplus in June as the trade balance swung to a surplus, government data showed on Tuesday.
Investor looking to ride crest of Asia boom are not deterred by Japan’s stock market hitting a 33-year high and signs of slowing global growth. Japan’s Nikkei 225 has gained over 23% year-to-date, well ahead of the S&P 500 despite U.S. economic resilience.
The U.S. added 209,000 jobs in June, slightly missing expectations for 230,000 and down from a downwardly revised 306,000 in May, according to the monthly employment report from the BLS.
Most global stocks dipped and Treasury yields climbed on Tuesday, as investors weighed declining factory activity in the euro zone and China with stabilizing U.S. manufacturing and job openings that signalled a still-tight labour market.
Wall Street and global stocks edged up on Monday while the dollar was little changed, as traders looked ahead to corporate earnings and a key employment report due this week.
World shares rose while U.S. Treasury yields fell on Friday as markets digested the BOJ's decision to tweak its ultra-loose monetary policy as well as data showing a continuing moderation in annual U.S. inflation.
Global equity markets fell while the U.S. dollar gained on Thursday following news of stronger-than-expected U.S. economic growth despite consecutive interest rate hikes from the Fed and ECB.
Global shares were mostly flat while U.S. yields fell on Wednesday after the Fed delivered its 11th consecutive hike in interest rates aimed at reining in rising consumer prices.
Global equity markets and U.S. Treasury yields rose on Tuesday ahead of the Fed's expected interest rate hike and as markets awaited a stream of quarterly results from corporate heavyweights.
Global share markets edged lower on Friday as most U.S. megacap stocks slipped, while the dollar soared against the yen after Reuters reported the BOJ is leaning toward keeping its dovish monetary policy next week.
The Fed will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle.
Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation rippled across markets that anticipates the Fed next week will hike interest rates for the last time.
The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U.S. economy sealed expectations that the Federal Reserve will hike interest rates next week.
