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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

Europe's energy woes haunt euro, Asian stocks

Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed the euro to 20-year lows. Analysts warned inflation in Britain could top 18 percent if energy prices were not restrained.

3 years ago
Markets

Dollar rebounds on hawkish Fed, euro sinks on gas woes

The US dollar hit a fresh five-week high versus major peers on Monday after more Federal Reserve officials flagged the likelihood of continued aggressive monetary tightening.

3 years ago
Markets

China cuts lending benchmarks to revive stuttering economy

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID cases.

3 years ago
Markets

Dollar hits 1-month high as Fed officials talk up rate hikes

The US dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week.

3 years ago
Markets

Dollar firm as Fed digs in for inflation fight

The dollar was on the front foot on Thursday after minutes from the Federal Reserve's July meeting pointed to US interest rates staying higher for longer to bring down inflation.

3 years ago
Markets

Asian markets drop as Fed minutes cause fresh rate hike woe

Markets dropped in Asia on Thursday following a sell-off in New York spurred by minutes from the Federal Reserve indicating officials intended to keep lifting interest rates to tackle decades-high inflation.

3 years ago
Markets

Asian markets struggle as traders contemplate more rate hikes

Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

3 years ago
Markets premium

PLN warns of another coal crisis

State-owned electricity monopoly PLN reported a declining inventory in the last three months due to a wide gap between capped domestic prices and the prices paid by offshore buyers.

3 years ago
Markets

Asian shares join global rally on softer-than-expected US inflation

Asian shares tracked Wall Street higher on Thursday after a softer-than-expected US inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months.

3 years ago
Markets

Asian shares track Wall Street losses ahead of US inflation data

Asian shares fell and the dollar steadied on Wednesday as investors waited for a key US report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening.

3 years ago
Markets

Asia shares subdued, dollar encouraged by US rate risk

Asian share markets were mostly softer on Monday and the dollar held firm after a stunning US payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes.

3 years ago
Markets premium

Analysts cautiously upbeat on IDX for rest of year

The Indonesia Stock Exchange (IDX) Composite index is expected to continue its upward trajectory after a recent recovery from bearish weeks, unless escalating geopolitical tension or domestic-interest-rate hikes get in the way.

3 years ago
Markets

Oil hits lowest on recession fears as unconcerned stocks climb on

Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.

3 years ago
Markets

Chinese shares rise as infrastructure hopes sway investor focus from Taiwan

China and Hong Kong stocks rose on Thursday, as investors' focus shifted from tensions around Taiwan to a raft of newly launched infrastructure projects that Beijing hopes can help stabilize its COVID-19-hit economy.

3 years ago
Markets

Asian stocks rise on upbeat data, Fed hawks lift dollar

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.

3 years ago
Markets premium

Indonesian firms look inward for financing as global volatility runs amok

Global economic uncertainty is forcing firms in Asia, including Indonesia, to fulfill their financing needs domestically as the capital market turns volatile and dampens corporate bond issuance.   

3 years ago
Markets premium

FFB prices remain stubbornly low amid policy flip-flop

End to "flush-out" tariff policy does not mean instant increase in domestic CPO and FFB prices, says farmers association.

3 years ago
Markets

Asian stocks slide with oil on recession jitters; dollar drops

Asia stocks continued a decline from Wall Street on Tuesday, and US long-term Treasury yields sank to a four-month low, pulling the US dollar down against the yen and other currencies as investors worried about the risk of global recession.

3 years ago
Markets

Asia shares off to sluggish start, China PMI data soft

Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening by global central banks.

3 years ago
Markets

Stocks shrug off Wall St rally as focus shifts to China worries

Asian stocks were mixed on Friday as fresh concerns about Chinese growth trumped any fillip regional markets received from brisk Wall Street earnings and some tempering of more aggressive expectations about US interest rate hikes.

3 years ago
Markets

No slowdown yet: US import deluge tests supply chain

Last week, the Port of New York and New Jersey reported that its June 2022 volumes were the second-highest in history, capping a torrid semester that has overtaken the first half of the record-setting 2021 year by 11.4 percent.

3 years ago
Markets

Asia shares, bonds find some relief in Fed messaging

Asian shares made cautious gains on Thursday as investors scented a possible slowdown in the pace of US rate hikes, lowering bond yields and restraining the dollar.

3 years ago
Markets

Fed poised to attack inflation with another interest rate hike

The Federal Reserve is set to announce another big interest rate increase on Wednesday, the fourth this year, in its ongoing battle to tamp down price pressures that have been squeezing American families.

3 years ago
Markets

Palm oil prices to fall more due to distress selling by Indonesia

Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday.

3 years ago
Markets premium

Indonesia still 'attractive' for IPOs, rights issues

Businesses in many parts of the world have become reluctant to raise funds amid aggressive interest rate hikes led by the US Federal Reserve, but analysts say Indonesian companies benefit from a relatively supportive equity capital market.

3 years ago
Markets

Global growth fears, Fed keep dollar propped up

The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the US Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation.

3 years ago
Markets

Asian stocks set for best week in two months; dollar heavy

Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank (ECB) raised rates for the first time in more than a decade and bets on the size of US rate hikes eased.

3 years ago
Markets

Asian markets fail to extend rally, focus turns to Europe

Asian investors on Thursday struggled to maintain momentum from the previous day's equity rally and keep up with another Wall Street advance as growth fears continue to haunt trading floors and sap risk sentiment.

3 years ago
Markets

Asian shares extend a global rally as dollar languishes

Asian shares extended a global rally on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.

3 years ago
Markets

Euro rallies after report that bigger ECB rate hike is on the cards

The euro rallied on Tuesday after a Reuters story that European Central Bank policymakers will discuss whether to raise interest rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation.

3 years ago

Today's ePost

Thu, July 13, 2023

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