ISTANBUL (Reuters) – Turkey’s central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a rare lira rally and signalling a new determination to address rebounding inflation as part of a broader policy U-turn. The surprise move leaves the policy rate at its highest level since 2019, […]

HONG KONG (Reuters) – Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia (NASDAQ:NVDA) boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally. A round of soft surveys on manufacturing had also revived hopes central banks were done tightening, though that might change depending on […]

Titan Investments — Gold prices rose slightly on Wednesday, taking some support from a pullback in the dollar and Treasury yields, although focus remained largely on the Jackson Hole Symposium later this week. The yellow metal saw some relief this week as the dollar rally paused at two-month highs, while Treasury yields fell slightly after reaching over 20-year peaks. […]

Titan Investments– Most Asian stocks kept to a tight range on Wednesday amid persistent concerns over a Chinese economic slowdown, while regional technology stocks saw some consolidation ahead of hotly awaited earnings from Nvidia. Regional stocks took a weak lead-in from Wall Street, as technology stocks were pressured by rising yields and U.S. bank shares slid […]

Titan Investments — U.S. stock futures edged higher Tuesday, as investors attempted to build on the momentum of the previous session ahead of more earnings from major retailers. By 06:30 ET (10:30 GMT), the Dow Futures contract was up 80 points, or 0.2%, S&P 500 Futures traded 20 points, or 0.4%, higher and Nasdaq 100 Futures climbed 87 points, or 0.6%. […]

(Reuters) -Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its graphics processors. Nvidia […]

Titan Investments – European stock markets are expected to open largely higher Tuesday with sentiment boosted by a tech-led surge on Wall Street overnight, but gains are likely to be limited as investors prepare for the U.S. Federal Reserve’s annual Jackson Hole gathering later in the week. At 02:00 ET (06:00 GMT), the DAX futures contract in […]

Titan Investments– Most Asian stocks sank on Monday after China cut its key lending rates by a smaller-than-expected margin, while anticipation of more cues on U.S. monetary policy also kept sentiment subdued.  Chinese stocks were by far the worst performers for the day, given that a smaller-than-expected rate cut from the People’s Bank of China […]

WASHINGTON (Reuters) -U.S. President Joe Biden will sign a strategic partnership agreement with Vietnam during a state visit to the Southeast Asian country in mid-September, Politico reported on Friday, citing three people with knowledge of the deal’s planning. The agreement will allow for new bilateral collaboration that will boost Vietnam’s efforts to develop its high […]

Titan Investments – Lots of things are happening in the oil market at the same time: Economic troubles in China; surprisingly higher U.S. crude production and Saudi-Russian cuts that cargo tracking data suggest could remove almost 68 million barrels from the market over the next 45 days. With so many things going on, it’s anyone’s […]