[ad_1] Citing India’s strong structural growth and a compelling opportunities to buy on dips, Fook Hien Yap, Senior Investment Strategist at Standard Chartered Bank, forecasts the country as the top investment market in Asia. India’s leading position stems from its structural growth story and the potential for earnings stabilisation in the near future. For investors […]
Asian stocks, bonds rise as data-heavy week begins on a positive note – CNBC TV18
[ad_1] Equities and Treasuries advanced, in a sign that traders considered Donald Trump’s pick of Scott Bessent for Treasury Secretary a measured choice that would inject more stability into the US economy and financial markets. Asian stocks rose in early trade Monday, with benchmarks in Australia, Japan and South Korea recording gains. US futures also […]
Japan faces political upheaval as LDP coalition loses majority – CNBC TV18
[ad_1] Japan faces political instability after a gamble by Prime Minister Shigeru Ishiba to call a snap election backfired with the ruling coalition failing to win a majority in parliament for the first time since 2009. Voter discontent over a slush-fund scandal has pummeled support for Ishiba’s Liberal Democratic Party, causing it and its ruling […]
Japanese PM Ishiba vows to keep BOJ independent, pledges not to intervene in monetary policy – CNBC TV18
[ad_1] Japanese Prime Minister Shigeru Ishiba said on Saturday he would not intervene in monetary policy affairs, as the central bank is mandated to achieve price stability. “It’s important to avoid vocally intervening” in monetary policy affairs, or appear as if he was doing so, Ishiba said in a news conference gathering leaders of major […]
Japanese stocks rise as Prime Minister’s comments weaken yen – CNBC TV18
[ad_1] Japanese stocks rose after the nation’s new prime minister damped speculation about another interest-rate increase, weakening the currency. Treasuries slid and the dollar gained Wednesday on signals the US may slow its easing. The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy […]
T. Rowe Manager who predicted Yen shock sees another one coming – CNBC TV18
[ad_1] Arif Husain says he was early in sounding the alarm on Japan’s rising interest rates last year, which he described as the “San Andreas fault of finance.” The head of fixed-income at T. Rowe Price is now warning that investors have “just seen the first shift in that fault, and there is more” market […]
Japan’s inflation picks up as BoJ chief prepares for parliament hearing – CNBC TV18
[ad_1] Japan’s key prices rose at a faster pace in July in the latest indication of the rising cost of living as Bank of Japan Governor Kazuo Ueda prepares to talk about policy developments in parliament following recent market jitters. Consumer prices excluding fresh food climbed 2.7% from a year earlier, accelerating from 2.6% in […]
Ed Yardeni sees 25 bps US Fed rate cut in 2024, yen carry trade unwind mostly done – CNBC TV18
[ad_1] Yardeni Research anticipates just a 25-basis point (bps) rate cut from the US Federal Reserve in 2024, and it believes that the yen carry trade unwind mostly taken place. Ed Yardeni, President of Yardeni Research, said in an interview with CNBC-TV18 on Thursday; “I do not think we are going to get 50 bps, and it […]
Explained – How unwinding of the popular “carry trade” has spooked global markets – CNBC TV18
[ad_1] The Japanese Yen has seen a significant appreciation of nearly 10% against the US Dollar over the last three weeks after multiple triggers from the Bank of Japan and the local government. Last week, the Japanese government confirmed a $36.8 billion Yen intervention after the currency had declined to a 38-year low against the […]