Asian stocks rise on upbeat data, Fed hawks lift dollar

Asian stocks rise on upbeat data, Fed hawks lift dollar
Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite. The dollar hovered near its highest this week after Federal Reserve officials continued to stress that policy tightening is far from over. However, Treasury yields remained down from two-week highs as investors stayed sidelined ahead of employment data this week that will guide the path of interest rates. Crude oil prices stabilised after sliding to an almost six-month low overnight as U.S. data sho…

Read More

Leave a Reply

Your email address will not be published.

Rivian has 200,000 orders for EV trucks and vans. It’s produced 8,000
News Startups

Rivian has 200,000 orders for EV trucks and vans. It’s produced 8,000

Published by DPA Startup electric truck manufacturer Rivian continues to see robust demand for its inaugural products, with nearly 200,000 orders in hand, and a long way to go to fill them. Rivian announced during a second quarter earnings call Thursday it had more than 98,000 orders for its R1T pickup and R1S SUV as […]

Read More
Meta invests in business startup Take App
News Startups

Meta invests in business startup Take App

Published by BANG Showbiz English Meta has invested in the Singaporean startup Take App. Mark Zuckerberg’s firm has teamed up with the app, which is essentially an order form for WhatsApp sellers. The business product was started by former Facebook engineer Youmin Kim, who left the social media giant last year. Its core clientele is […]

Read More
Where’s My Self-Driving Car?
News Startups

Where’s My Self-Driving Car?

Published by ValueWalk Silicon Valley gurus told us we’d be commuting to work in robocars by now… In 2016, the CEO of ridesharing firm Lyft predicted driverless cars would “all but end” car ownership… Heck, even Tesla Inc (NASDAQ:TSLA) founder Elon Musk said robotaxis were just two years away… That was in 2015. Q2 2022 […]

Read More