Βy Lukman Otunuga, Senior Market Analyst at FXTM Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P500 closed at its highest level in 2023.
By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets gave up earlier gains on Tuesday as investors adopted a cautious stance after US debt ceiling negotiations ended “productive talks” without a
By Lukman Otunuga, Senior Research Analyst at FXTM Most Asian equities were mixed on Tuesday as investors digested weaker-than-expected Chinese economic data. Industrial production and retail sales data from the world’s second-largest
By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets were a mixed bag on Tuesday as caution kicked in ahead of Wednesday’s key US inflation report, although Chinese shares rose after
By Lukman Otunuga, Senior Research Analyst at FXTM Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares finished mixed on Tuesday, shrugging off the initial boost from China’s better-than-expected Q1 GDP as signs of an uneven recovery stalled risk
By Lukman Otunuga, Senior Research Analyst at FXTM European shares were painted green on Tuesday even as oil prices extended gains following the unexpected production cuts from OPEC+ on Sunday. However, a
By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets rose on Tuesday after Wall Street staged a rebound overnight as the historic takeover of Credit Suisse Group AG soothed concerns over
By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion swept through Asian shares on Tuesday, as the implosion of Silicon Valley Bank (SVB) continued to echo across markets.
By Lukman Otunuga, Senior Research Analyst at FXTM The next few days could be wild and incredibly volatile for financial markets thanks to key central bank meetings, a semi-annual Congress appearance
