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About: josephine

Recent Posts by josephine

Japan’s Nikkei hits one-month low with mixed US tech earnings and a yen rally

Japan’s Nikkei share average dropped for a sixth consecutive session on Wednesday, closing at a one-month low of 39,154.85, down 1.11%. This marked its longest losing streak since October 2021. The broader Topix index also slid 1.42% to 2,793.12.

Rupee avoids record low on RBI intervention but expected to weaken

The Indian rupee stayed nearly flat on Wednesday, hovering at 83.69 against the U.S. dollar by 11:00 a.m. IST, barely changed from its previous close at 83.6875. This steadiness came despite the currency nearing a record low of 83.7150 on Tuesday. 

S&P 500 rebounds as tech shares lead market recovery 

The S&P 500 rallied with tech shares like Nvidia surging. Biden’s decision not to seek re-election adds volatility. Read more on the latest market trends and forecasts.

Copper prices slide on China demand concerns 

Copper prices fell low as physical demand in China weakens. Some market optimism remained due to the prospect of infrastructure and renewable energy investments.

Yen climbs as investors pull back from risky trades

Key points On Thursday, the yen experienced a rise, drawing support from the unwinding of carry trades ahead of the Bank of Japan’s (BOJ) policy meeting next week. This comes as a rotation out of megacap growth stocks dampened risk appetite broadly, providing safe haven bids for the Japanese currency.  Yen surges amid BOJ rate Continue Reading

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