In Japan, we see locals buying the dollars and selling the yen, adding that the trend had likely accelerated in the run-up to yesterday’s news that Soft-Bank Group Corp. 9984, -10.32% was making a $32 billion bid for U.K.-based chip-designed ARM Holdings PLC ARM, +40.87% using sterling.
After the rally in March and April, things are still looking a little bit uncertain,economy is facing downward pressure and gross domestic product data due Friday will reflect challenges. European and Asian equities fell with U.S. stock index futures, weighed down by weakening corporate earnings and subdued economic data. Crude oil retreated from a six-month … More Outlook, before Friday opening bell
Asian equities pared losses as prospects for more monetary stimulus in Japan weakened the yen, while copper led gains in industrial metals and crude oil stayed above $46 a barrel. European stock index futures fell and U.S. contracts advanced. Shares of energy and raw-materials producers rose on the MSCI Asia Pacific Index, which earlier … More Quick outlook before the bell . .
For the third time in less than a year on Monday, the People’s Daily published an extended interview with an unnamed official expounding the policies needed to address challenges facing the world’s second-largest economy. As in similar pieces in January and last May, which both preceded big stock market sell-offs, the speaker sought to … More China’s debt bomb . .