Chinese companies raised a record $148 billion through global equity capital markets in the first four months of 2021, data showed, as they tapped the ample cash available with investors due to the coronavirus pandemic. That was more than double the sum they garnered from equity markets in the year-ago period and accounted for a fifth of all equity capital raising deals this year, according to data from Refinitiv. Of that, Chinese companies raised a record $31.9 billion through initial public offerings (IPOs), double from the year-ago period. The data ...

NASDAQ-Adv: 2,870 Dec: 1,348 NYSE-Adv: 3,171 Dec: 970(Source: Nasdaq)

China’s foreign exchange reserves, the world’s largest, increased in April from a month earlier, official data showed on Friday, as the U.S. dollar weakened. Reserves rose by $28.15 billion to $3.198 trillion, data from the central bank showed. Analysts polled by Reuters had expected the reserves to rise to $3.2 trillion from $3.17 trillion in March. The increase was due to the dollar’s fall against other major currencies held in the reserves, and to rises in global asset prices, the foreign exchange regulator said in a statement. The yuan appreciated ...

The COVID-19 pandemic and consequent economic crisis have indelibly altered our daily lives. One of the profound changes has been the acceleration in the shift towards digital payments, as customers avoided cash over fears it might spread the virus, and as retailers adapted by moving their activity online. These challenges provided fertile grounds for exploring new digital forms of payment. How the world coordinates over the treatment of these new, potentially disruptive, technologies will critically shape whether the opportunities they present can be harnessed and the risks mitigated. Two such ...

Investors increased long positions on most Asian currencies, a Reuters poll found, as a firmly dovish U.S. Federal Reserve and aggressive U.S. fiscal stimulus kept the dollar under pressure, aiding prospects for riskier emerging market currencies. Bullish bets were the strongest for currencies of export-focused nations such as China, Singapore and Taiwan, the fortnightly poll of 13 respondents showed, while short views on the Indian rupee rose as COVID-19 infections raged across many parts of the country. The dollar jumped to a two-week high on Wednesday as talks of asset ...

Chinese trade tensions are back on the radar as the U.S. and European Union reassess their policies, and Beijing suspends a strategic economic dialogue with Australia, but the yuan is likely to be cushioned by China’s growth prospects and an ultra-dovish U.S. Federal Reserve. China has just announced a suspension of activities under the China-Australia Strategic Economic Dialogue, spooking the AUD and lifting the USD more broadly . U.S. Trade Representative Katherine Tai is poised to assess the implementation of the “Phase 1” trade deal with China. The possibility of ...

Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus. MSCI’s benchmark for global equity markets .MIWD00000PUS, which tracks stocks in 50 countries, edged up about 0.1%, on course for a 0.4% gain this week. Its broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose about 0.5% on Friday, while Japan’s Nikkei .N225 gained about 0.2%. China’s ...

The dollar was stuck around a one-week low on Friday, under pressure ahead of U.S. jobs data that is expected to underpin hopes for a strong post-pandemic economic recovery and to increase investor risk appetite. Against a basket of major currencies, the dollar index was at 90.841, down less than 0.1% on the day at 0728 GMT. It was on track for a loss of around 0.5% on the week overall, having seen its worst day in nearly two weeks on Thursday. U.S. payrolls data is due at 1230 GMT ...

A pause in a broad selloff in U.S. treasuries and other global bonds last month has given foreign investors time to rethink their Asian holdings and shift money to safer markets such as China, away from riskier countries like Indonesia and India. China, India and Indonesia were among the largest recipients of yield-seeking foreign investment last year. But a divergence in economic recoveries from the coronavirus pandemic, a dollar rally and questions about the Federal Reserve’s resolve to keep U.S. rates low have forced fund managers to see some markets ...

Shares rose to near record highs on Thursday, underpinned by a better outlook from Europe’s leading carmaker Volkswagen and increasing confidence in economic recovery in Germany and more widely. The STOXX index of 600 European companies was up 0.2% at 442.50 points, just below its record high of 443.61. The MSCI’s broadest gauge of world stocks, ACWI, was up 0.18% at 700.98 points, about 10 points short of its record high set last month. “I have seen nothing in this week’s price action to change my view that ultimately the ...

The dollar fell from a two-week high on Thursday, while traders focused on economic data that may provide clues on when the Federal Reserve will dial back monetary stimulus and a Bank of England meeting. The dollar has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic. Global currency markets were generally calm as European markets opened. The Australian dollar fell sharply overnight when China said it would stop its economic dialogue ...

NASDAQ-Adv: 1,915 Dec: 2,343 NYSE-Adv: 2,326 Dec: 1,855(Source: Nasdaq)

The dollar hit its highest in over two weeks on Wednesday, extending a rally as chatter about the possibility of higher U.S. interest rates and a sell-off in tech stocks soured risk sentiment to the benefit of the safe-haven currency. The dollar’s bounce on Tuesday put pressure on the euro, which dropped once again below the $1.20 mark on Wednesday, hitting its lowest against the buck in over two weeks. The dollar index, which measures the greenback against a basket of peer currencies, rose as high as 91.436, its highest ...

Global shares edged up on Wednesday as U.S. stock futures steadied after a pullback in tech darlings while European markets were buoyed by accelerating business activity and positive earnings. The Euro STOXX index added 1.3%, heading for its best day in nearly two months, helped by data showing euro zone business activity quickened last month, while the services industry returned to growth. Top performers included Germany’s Rational and Merck after well-received numbers. The MSCI world equity index, which tracks shares in 49 countries, was trading 0.1% higher after a sell-off ...