Bank of Japan will take longer to hike rates given the yen’s rapid strengthening, BMI says
Following market turbulence, BOJ’s Deputy Governor Uchida Shinichi released a statement affirming that the bank would not raise rates amid market instability.
Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris’ call
Top Democrats joined virtual town hall to back crypto and a Kamala Harris administration.
China’s bond market intervention reveals financial stability worries
The country’s latest efforts to stem a bond market rally shows that authorities are worried about financial stability, analysts said.
China reports slight beat in July retail sales, but industrial data disappoint
Other data for July released in the last two weeks have indicated consumer demand remains sluggish.
Japan second-quarter GDP beats expectations, expands 0.8% from previous quarter
On a year-on-year basis, however, the country’s GDP fell for a second straight quarter, down 0.8% after having declined 0.9% in the first quarter.
CNBC Daily Open: Inflation battle is ‘absolutely’ done
The S&P 500 closed higher for the fifth straight session. The Dow Jones Industrial Average climbed 242 points, while the Nasdaq Composite eked out a 0.03% gain.
Asia-Pacific markets mostly climb as Japan’s GDP growth beats expectations; China reports mixed economic data
Traders in Asia will assess a slew of economic data from the region on Thursday, including from Japan, China and Australia.
20 analysts raised their price targets on this Asian AI-linked stock in the past 2 weeks
One under-the-radar stock linked to the artificial intelligence supply chain — particularly Nvidia’s — is a hot favorite among analysts right now.
UBS reveals its most and least preferred Asian tech stocks — giving 2 over 100% upside
“Bottom up, we do not believe the Tech outlook has dramatically changed,” the bank’s analysts say.
Stocks close higher, S&P 500, Nasdaq notch six-day winning streak as comeback rally gains steam
Better-than-expected retail sales data out Thursday helped assuage investor’s recession worries, helping to extend winning streaks for the S&P 500 and Nasdaq.
