Economic news

A gauge of China’s factory prices was seen at its highest level in over 12 years in May. The record was attributed mainly to an increase in global commodity prices and a low base of comparison. The country’s consumer prices also advanced, though they failed to breach expectations. The producer price index (PPI) recorded a […]

Most of Asia’s financial markets performed flatly during their early Wednesday trade. Investors’ enthusiasm was dampened ahead of U.S. inflation figures as mixed inflation data from China weighed on sentiment. Japan’s benchmark index Nikkei plunged 0.25%, while Australia saw a 0.09% decline. South Korea’s KOSPI erased 0.21% even after the country’s gross domestic product recorded […]

Japan’s economy contracted less than initially recorded in the first quarter on smaller cuts to plant and equipment spending. However, the impact of the coronavirus pandemic took a toll on overall demand. Asia’s second-largest economy plunged by an annualized 3.9% in the first quarter of 2021, not as bad as the initial reading of a […]

Gold dipped on Tuesday trade in Asia, lurking near below the $1,900 mark as investors await more hints later in the week to gauge inflationary pressure. Gold futures dropped 0.03% to $1,898.30 by 12:12 PM ET. The dollar, which usually moves inversely to gold, advanced but remained below the three-week high of 90.627 hit during […]

Australia’s gauge of business activity had posted another increase to reach a historic peak in May. The jump was attributed mainly to upbeat sales, profits, and employment, which only indicates the country’s stability to withstand coronavirus restrictions in Victoria. The country’s index of business conditions gained 5 points to see a 37 reading in May. […]

Asian share markets were seen upbeat during their early Tuesday trade. The series of gains came after an overnight record touched by MSCI’s global gauge of shares, with investors’ focus now on key economic figures due later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.11% higher. The index had tracked its […]

Shares in the Euro zone eased from all-time highs on Monday trade, with the commodity markets leading the plunge, as investors digested weaker-than-expected Chinese trade data and inflation concerns. Miners dropped over 1% as copper prices declined following the release of Chinese exports data. The weaker-than-expected figures triggered concerns of weakening demand for the red […]

Gold dipped on Monday trade in Asia as investors saw a weaker-than-expected U.S. nonfarm payrolls data released last week which eased concerns that the Federal Reserve would tighten its present dovish monetary policy. Gold futures fell 0.12% to $1,889.75 by 12:04 PM ET. The dollar, which usually moves inversely to gold, soared on Monday while […]

Australia’s job advertisements marked their 12th month of increase in May. The reading stood as the highest since 2008, underscoring strong labor demand that could resist lockdown measures in Victoria and the removal of some government support schemes. After a 4.9% increase in April, job advertisements advanced a total of 7.9% in May. The figure […]

Asian share markets were seen upbeat on Monday. Investors’ enthusiasm was supported by a rebound in U.S. payrolls, but the expansion came out mildly that it might still prompt the Federal Reserve to discuss the prospect of tapering. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.3% increase, on track to salvage three […]