Friday, January 27, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Asia

EMERGING MARKETS-Asian currencies steady, traders hold off on bets before U.S. inflation

MtR by MtR
June 8, 2021
in Asia
0


    * Investors torn between higher returns and the Fed's stance
-
analyst
    * Malaysia's ringgit up the most after long weekend
    * Singapore stocks led lower by banks, real estate firms
    June 8 (Reuters) - Emerging Asian currencies largely held
steady on Tuesday as traders adopted a cautious approach ahead
of U.S. inflation data this week for any further clues on the
Federal Reserve's tapering timeline. 
    Stocks markets in the region were a mixed bag, with Kuala
Lumpur leading gains with a rise of 0.4%, while Jakarta
<.JKSE fell 0.8% on concerns over a spike in COVID-19 cases in
some parts of the country.  
    Investors are keeping a close watch on U.S. inflation data
due on Thursday, following on from last week's payrolls report
which tempered expectations of any near-term moves by the Fed to
tighten policy.
    "There is some respite for EM assets as taper fears get
pushed back," Eugene Leow, a rates strategist at DBS said in a
client note. 
    "We reckon investors are still torn between chasing higher
returns while keeping an eye on when the Fed's stance would
change. An uncomfortable carry environment is likely ongoing as
complacency on low USD rates seep in," he added. 
    The ringgit, resuming trade after a market holiday on
Monday, advanced 0.2%, while the Philippine peso and
South Korean won dipped. 
    The rupiah, favoured by foreign investors looking at
Indonesia's high-yielding debt, held steady. Central bank data
showed foreign exchange reserves fell by $2.4 billion in May
amid capital outflows.
    Indonesian authorities have drafted in more doctors and
nurses to two areas on the islands of Java and Madura after
hospitals there approached full capacity, raising worries of a
potentially broader spike in COVID-19 cases that has hit other
Asian countries in recent weeks.
    Stock markets in South Korea and Taiwan,
both of which have seen double-digit gains so far this year as
global trade recovers, were little changed. 
    In Singapore, stocks were led lower by real estate
and banks. 
    The city-state's finance minister said new international tax
rules should not weaken incentives for businesses to invest and
innovate. Singapore, traditionally a low-tax jurisdiction, is
home to a number a global multinational firms' regional
headquarters.
    
    HIGHLIGHTS:
    ** Indonesian 3-year benchmark yields fell 7.7 basis points
to 4.828%​​
    ** CapitaLand Integrated Commercial Trust down
most in Singapore at 1.4%       
  Asia stock indexes and currencies at   0331 GMT
 COUNTRY      FX RIC      FX       FX     INDEX    STOCKS   STOCKS
                          DAILY %  YTD %           DAILY %  YTD %
 Japan                    -0.13    -5.61           -0.11    5.62
 China                    +0.06    +2.12           -0.38    3.25
 India                    +0.00    +0.36           0.00     12.66
 Indonesia                +0.00    -1.54           -0.82    0.69
 Malaysia                 +0.19    -2.38           0.44     -2.57
 Philippines              -0.10    +0.65           0.28     -4.99
 S.Korea                  -0.13    -2.52           0.00     13.18
 Singapore                +0.02    -0.15           -0.45    11.17
 Taiwan                   +0.12    +2.90           0.04     16.00
 Thailand                 -0.06    -3.97           -0.19    11.05
 
 (Reporting by Nikhil Kurian Nainan in Bengaluru
Editing by Shri Navaratnam)
  



Source link

Related articles

Shares slip, dollar steady as investors await inflation data

August 10, 2022

Stocks fall, China consumer inflation rises

August 10, 2022

Related Posts

Shares slip, dollar steady as investors await inflation data

by MtR
August 10, 2022
0

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July...

Stocks fall, China consumer inflation rises

by MtR
August 10, 2022
0

SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the U.S....

Forbes Asia’s Best Under A Billion 2022

by MtR
August 9, 2022
0

- This story is part of Forbes' coverage of Asia's Best Under A Billion 2022, which highlights 200 Asia-Pacific public...

Asia and US end clients pressure EM bond investors on ESG – GlobalCapital

by MtR
August 9, 2022
0

Asia and US end clients pressure EM bond investors on ESG  GlobalCapital Source link

Global Cordless Power Tools Markets Report 2022-2027

by MtR
August 9, 2022
0

DUBLIN, Aug. 9, 2022 /PRNewswire/ -- The "Cordless Power Tools Market - Global Outlook and Forecast 2022-2027" report has been added...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter