Asia markets fall after U.S. inflation comes in hotter than expected
Asia Pacific markets traded lower on Wednesday after the release of U.S. inflation data that came in hotter-than-expected. It further raised expectations that the U.S. Federal Reserve will continue to raise interest rates to curb inflation. The Kospi in South Korea led losses as it fell 1.53% to 2427.9, and the Kosdaq slid 1.81% to 765.26 as investors digested the nation’s unemployment rate […]
Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says
Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and jet fuel, from Sunday. The 27-member bloc has already banned the purchase and import of sea-borne Russian crude oil since December. […]
Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets anticipate if the economic data doesn’t cooperate. “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector, which is about a quarter of our economy,” the central bank chief said during an event in Washington, D.C. “But it has a long way to go. These are the very early stages.” […]
Bursa Regional Ambruk, China Lockdown, Indeks Shanghai Naik
Jakarta, CNBC Indonesia – Saat bursa Asia-Pasifik kembali ditutup di zona merah, indeks Shanghai Composite China berhasil unjuk gigi, meski cenderung tipis-tipis pada perdagangan Senin (9/5/2022). Indeks Shanghai ditutup naik tipis 0,09% ke level 3.004,14 pada perdagangan hari ini. Bahkan untuk indeks saham China lainnya yakni Shenzhen Component pun ditutup terkoreksi 0,41% ke level 10,765.63 […]
BI Sedot Likuiditas, Siap-siap Bunga Kredit Bank Bisa Naik!
Jakarta, CNBC Indonesia – Kenaikan Giro Wajib Minimum (GWM) oleh Bank Indonesia (BI) bisa berimbas terhadap suku bunga kredit perbankan. Meskipun disampaikan likuiditas masih begitu berlimpah. Hal ini diungkapkan oleh Willem A. Makaliwe, Managing Director Lembaga Manajemen FEB UI dalam acara Squawkbox, CNBC Indonesia TV, Jumat (21/1/2022) “Kalau GWM naik sebagian portofolio pada aset lain […]
Ini Aset Tercuan 2021! Emas dan Saham Cuma Remah Regginang…
Jakarta, CNBC Indonesia – Tahun 2021 sudah berlalu. Bukan tahun yang mudah, karena pandemi virus corona (Coronavirus Disease-2019/Covid-19) masih menyebar teror. Namun bukan berarti 2021 tidak membawa keuntungan. Di pasar keuangan, terjadi kenaikan harga berbagai aset. Di pasar saham, Indeks Harga Saham Gabungan (IHSG) naik 10,08% secara point-to-point. Tidak hanya IHSG, bursa saham Amerika Serikat […]
China’s digital currency comes to its biggest messaging app WeChat, which has over a billion users
Tencent-owned WeChat, China’s largest messaging app and one of the country’s biggest payment services, will begin supporting the country’s sovereign digital currency. China has been working on the digital yuan since 2014 and is yet to roll it out nationwide. But the move by WeChat, which has over 1 billion users, to support the digital […]
European markets down 1% following U.S. sell-off
LONDON — European stocks trade lower on Thursday afternoon following losses stateside Wednesday that saw the Dow Jones Industrial Average notching its first decline of 2022. The pan-European Stoxx 600 index was down 1.2% by early afternoon, having pared some losses seen at the open. All sectors were in negative territory except for banks and insurance, […]
Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant beat estimates by 2 cents a share, with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares […]
Oil analysts predict a prolonged rally as OPEC resists calls to ramp up supply
LONDON — Oil prices climbed to multi-year highs shortly after a group of some of the world’s most powerful oil producers opted against a big supply boost. Now energy analysts believe crude prices could be poised to rally toward $100 a barrel. OPEC and non-OPEC partners, a group collectively referred to as OPEC+, said Monday […]