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Jakarta Post
Markets

Bank rescues ease crisis fears but investors worry it's not enough

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.

2 years ago
Markets

Asian markets take breather from banking turmoil, capping tumultuous week

Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies. ...

2 years ago
Markets

Credit Suisse secures $54b lifeline as authorities rush to avert global bank crisis

Credit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. ...

2 years ago

The Latest

Markets

Japan inflation hits four-decade high in October

Japan's core consumer prices rose 3.6 percent year-on-year in October, the government said Friday, the highest level in four decades due largely to rising energy costs and a weak yen.

2 years ago
Markets

Asian stocks mixed, dollar finds footing as traders assess Fed outlook

Asian stocks were mixed on Thursday while the US dollar stabilized and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.

2 years ago
Markets

Safe-haven dollar gains as traders assess risks from Poland

The safe-haven US dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war.

2 years ago
Markets

Asia shares mixed while oil falls on China COVID outlook

Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.

2 years ago
Markets

As regulators scrutinize FTX, investor focus swings to Crypto.com

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.

2 years ago
Markets

Asia shares pause as Fed warns against exuberance

Asian share markets were taking a breather on Monday after last week's sweeping rally as a top US central banker warned investors against getting carried away over one inflation number, nudging up bond yields and the dollar.

2 years ago
Markets premium

RI mutual funds reeling as rate hikes, regulatory changes bite

Indonesian mutual funds are down some 10 percent this year, as global rate hikes and new domestic regulations push money elsewhere.

2 years ago
Markets

Asia stocks surge as cooling inflation feeds hopes Fed will ease up

Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in US consumer prices fueled hopes that the Federal Reserve could tone down its aggressive pace of interest rate hikes. 

2 years ago
Markets

Crypto markets teeter with FTX after Binance abandons bailout

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.

2 years ago
Markets

Asian stocks down after inconclusive US midterms

Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency market left Wall Street and European markets in a sea of red.

2 years ago
Markets

Asian markets turn tepid after China factory data

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years.

2 years ago
Markets

Asian markets mixed ahead of US midterms

Stocks in Shanghai was down 0.6 percent, while Jakarta fell 0.3 percent, Bangkok retreated 0.2 percent and Wellington dropped 0.7 percent.

2 years ago
Markets

China's super-rich see fortunes plunge as economy slows

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummeled fortunes, an annual rich list said on Tuesday.

2 years ago
Markets

China leads Asia stocks higher, dollar advances as rate hikes loom

Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5 percent next year. 

2 years ago
Markets

Asia joins Wall St plunge as Powell wrecks Fed pivot hopes

Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

2 years ago
Markets

Asian markets swing as US data tempers Fed hopes

Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.

2 years ago
Markets

Wheat climbs 5.5% as Russia withdraws from Black Sea export agreement

Chicago wheat futures jumped more than 5 percent on Monday and corn rose over 2 percent as Russia's withdrawal from a Black Sea export agreement raised concerns over global grain supplies. 

2 years ago
Markets

Dollar strengthens as Fed expected to stay hawkish, yen fragile

The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown in its aggressive interest rate hikes.

2 years ago
Markets premium

Tight monetary policy, capital exodus jitter Indonesia's bond market

Investors are holding back from the government bond market amid rising interest rates to fend off high inflation in many major economies, leaving emerging countries like Indonesia struggling to keep up with investors’ appetite to secure capital at home.

2 years ago
Markets

Asian shares slide, as yen holds firm ahead of BOJ meeting

Asian equities edged lower on Friday as investors grappled with mixed earnings reports, while the Japanese yen held firm ahead of the Bank of Japan's policy review.

2 years ago
Markets

IDX expects slowdown in transactions

Indonesia Stock Exchange (IDX) aims for an average daily transaction value (ATV) of Rp 14.75 trillion (US$948 million) in 2023, which would mark a slowdown from the volume achieved so far this year.

2 years ago
Markets

Sterling hits six-week high as Sunak mulls delay to budget plan

Sterling soared to six-week highs on Wednesday, as Britain's new Prime Minister Rishi Sunak holds his first Cabinet meeting amid reports he could delay the announcement of a plan to repair the country's public finances.

2 years ago
Markets

Asian shares rise as US futures drop over Google, Microsoft slowdown

Asian shares edged higher on Wednesday as investors clung to hopes that the pace of US and global rate hikes will start to slow, though US futures dropped after disappointing results from tech giants Alphabet and Microsoft. 

2 years ago
Markets

British pound fiasco boosts bitcoin's hedge appeal

After Britain's brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency.

2 years ago
Markets

Dollar eases amid bets on less hawkish Fed, sterling firm

The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.

2 years ago
Markets

Most Asian markets up on rate hopes but China fear casts shadow

Most Asian markets rose Monday on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened by worries over the China outlook after President Xi Jinping tightened his grip on power.

2 years ago
Markets

Japanese yen whipsawed on further suspected intervention

The yen's sell-off has fed broader concerns for the world's third-largest economy, as it is driving already surging import bills for everything from fuel to food, and challenges the Bank of Japan's fierce commitment to ultra-low rates in the face of rapid global monetary tightening to combat rampant inflation. 

2 years ago
Markets

Russia poised to largely skirt new G7 oil price cap

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.

2 years ago
Markets

Sterling dips after Truss resigns, yen weakens past 150 level

The pound dipped 0.21 percent to $1.1215 in early Asian trade, after a brief rally to a high of $1.1338 in the previous session after Truss announced her resignation.

2 years ago
Markets

Asian markets drop, dollar rises as inflation, rate fears return

Asian equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar regained its strength as surging inflation, interest rate hikes and recession fears returned to the fore.

2 years ago

Today's ePost

Thu, July 13, 2023

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