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Dollar holds gains, yuan under pressure as Evergrande risks grow

TOKYO, Sept 21 (Reuters) - The offshore yuan wallowed near an almost one-month low on Tuesday while the safe-haven dollar and yen stood tall as investors sought shelter from a potential China Evergrande default. The New Zealand dollar also sank after the central bank's assistant governor poured cold water on...
CURRENCIES
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DailyFx

Australian Dollar Forecast: Evergrande, PBOC, Risk Trends, BoJ on the Radar

Australian Dollar, AUD/USD, Evergrande, PBOC, Bank of Japan – Talking Points. Australian Dollar falls versus USD as risk aversion continues on Evergrande crisis. Bank of Japan (BoJ) rate decision in focus along with possible PBOC actions. AUD/USD broke below Fib support but failed to break recent intraday lows. Wednesday’s Asia-Pacific...
MARKETS
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DailyFx

Japanese Yen Outlook: JPY Poised for Breakout Ahead of BoJ Rate Decision

Yen appreciates on safe-haven appeal. Uneventful Bank of Japan (BoJ) interest rate decision expected. USD/JPY tests triangle support. Bearish IG Client Sentiment (IGCS) echoes fundamental backdrop. JAPANESE YENFUNDAMENTAL BACKDROP. safe-havenJapanese Yen rallied this week with the Evergrande crisis gaining traction and devastating global markets. Investors are exhibiting risk averse behavior...
CURRENCIES
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TRENDING TOPICS
wmleader.com

Asia Stocks Extend Drop; Dollar, Treasuries Dip: Markets Wrap

(Bloomberg) — A selloff in stocks continued in Asia on Tuesday amid concern about China’s crackdown on the real-estate sector and the debt crisis at developer China Evergrande Group. Most Read from Bloomberg. Japan slid after reopening following a holiday, while Australia and Hong Kong fluctuated. U.S. futures edged up,...
MARKETS
raleighnews.net

Sensex jumps 514 points led by metal, realty stocks

Mumbai (Maharashtra) [India], Sep 21 (ANI): Equity benchmark indices rose on Tuesday despite a volatile trading session with IT, metal and realty stocks gaining ground. At the closing bell, the BSE SP Sensex was up by 514 points or 0.88 per cent at 59,005 while the Nifty 50 advanced by 165 points or 0.95 per cent to 17,562.
STOCKS
NASDAQ

Asian Stocks Nervous Ahead Of Central Bank Policies, Evergrande Deadline

(RTTNews) - Asian stocks today traded mixed as global markets braced for a tryst with the much-feared "credit event" at China Evergrande, China's prolific property developer. Interest payments on the company's bonds are due later in the week and S&P Global warned that the company was in the brink of default. Markets were nervous despite lingering hope that China would not let the crisis spiral out of control and waited for any relief measure from the Chinese govt. Traders also waited anxiously for the outcome of central bank policy meetings in the U.S and Japan. Markets in China and Korea remained closed due to local holidays. Japan's Nikkei 225 index shed 660.34 points or 2.17 percent to close at 29,839.71 as trading resumed after holidays and traders weighed in on the impact of a likely "credit event" at China Evergrande. Meanwhile, Bank of Japan began a two-day policy setting meeting amidst expectations that it would stick to its accommodative monetary policy stance. Traders' speculation on the likely central bank commentary on the domestic economic and foreign trade scenario also impacted sentiment. Pharmaceutical company Daiichi Sankyo was the top gainer with rallying 7.68 percent, way ahead of Central Japan Railway company that added 3.15 percent. Housing equipment and building materials company Toto was the worst performer with a decline of 6.06 percent. Construction equipment makers Hitachi Construction Machinery and Komatsu shed more than 5 percent. The Hang Seng Index of the Hong Kong Stock Exchange gained 122.40 points or 0.51 percent from previous close to finish trading at 24,221.54. The day's high was at 24,284.87 and low was at 23,867.16. Australia's S&P ASX200 gained 36 points or 0.35 percent to close at 7,273.80, around 4.7 percent below its 52-week high of 7632.80. Meanwhile sentiment improved as minutes of Reserve Bank of Australia meeting placed on record expectations of the economy's return to the pre-delta path by second half of 2022. Energy infrastructure business Ausnet Services rallied 9.75 percent amidst takeover negotiations with Canadian investor Brookfield and rival $10 billion offer from ASX-listed gas pipeline giant APA Group, to become the top performing stock in the index in the day's trading. APA group declined the most in the index with a correction of 4.73 percent. Wisetech Global that provides software solutions for the logistics industry gained 5.05 percent. Nickel Mines, with principal business operations in Indonesia dropped 4.73 percent after rumours emerged of nickel export tax by Indonesia. The NZX50 of the New Zealand Stock Exchange shed 1.64 points or 0.01 percent to close flat at 13,176.94. At closing levels, the index was 3.42 percent below the 52-week high of 13643.78. Vista Group International that offers software for the film industry was the lead gainer, up 3.28 percent. Sports and entertainment media provider Sky Network Television declined 2.43 percent. On Monday, the U.S. benchmarks had closed rather weak as China Evergrande fiasco exacerbated the anxiety surrounding the imminent stimulus tapering and monetary tightening. Anxiety precipitated as interest payments on the company's bonds are due later in the week and fears of a contagion, given the offshore bond exposures added to the risk aversion. Nasdaq-100 had shed 2.10 percentage to close at 15,012.19, whereas Dow Jones Industrial Average declined by a massive 614 points or 1.78 percent to end at 33,970.47.
STOCKS
mpamag.com

US Bancorp makes major acquisition

After a decade of waiting, US Bancorp has agreed to purchase MUFG Union Bank, the US unit of Japan’s Mitsubishi UFJ Financial, for $8 billion – solidifying US Bank’s position as the fifth-largest regional bank by assets. US Bancorp will buy MUFG Union Bank’s core regional banking franchise in an...
BUSINESS

BOJ Unlikely to Downgrade Growth Outlook, Economist Says

Sep.21 -- Martin Schulz, chief policy economist at Fujitsu, discusses Bank of Japan's policy, the state of the economy, and the upcoming leadership change in the government. The BOJ is widely seen standing pat on its key stimulus tools before a ruling party vote next week that will effectively determine the country’s next prime minister. Schulz speaks on "Bloomberg Daybreak: Asia."
ECONOMY
DailyFx

Dow Jones Falls, Nasdaq 100 Gains Ahead of the Fed. Nikkei 225 Eyeing the BoJ

Dow Jones, Nasdaq 100, Nikkei 225, FOMC, BoJ, Technical Analysis – Asia Pacific Indices Briefing. Dow Jones fell as Nasdaq 100 gained after choppy session as volatility cooled. Nikkei 225 eyes the Bank of Japan, but could remain vulnerable to external risks. Sentiment may remain constrained until the FOMC monetary...
STOCKS
reportsgo.com

Banknotes Design and Currency Printing Market Insights, Growth Forecast to 2026

The Banknotes Design and Currency Printing market report covers a comprehensive market analysis by product types, end-user applications, sales channels, and geographical location. It offers detailed insights on the market drivers, restraints, opportunities, threats, challenges, and dynamics that are influencing the keyword market. This report presents information about market size, pricing trends, emerging trends, and provides an understanding of the market parameters that can create lucrative opportunities for the new entrants and emerging players in the market.
MARKETS
worldnewsera.com

Asian equities hit by volatility on Evergrande default fears

Sign up to myFT Daily Digest to be the first to know about Evergrande Real Estate Group Ltd news. Shares in Asia swung between gains and losses in the wake of Wall Street’s worst one-day fall in four months, as investors braced for the possibility of a default by Chinese property developer Evergrande.
STOCKS
newsnationusa.com

Equity Futures Rise as Selloff in Stocks Moderates: Markets Wrap

(Bloomberg) — A selloff in stocks moderated in Asia on Tuesday as traders assessed risks from China’s crackdown on the real-estate sector and looked ahead to this week’s Federal Reserve meeting. Treasury yields edged up. Most Read from Bloomberg. Japan fell after reopening following a holiday, while Hong Kong slipped...
STOCKS
tradermeetscoder.com

Evergrande, PBOC, Risk Trends, BoJ on the Radar

Australian Dollar, AUD/USD, Evergrande, PBOC, Bank of Japan – Talking Points. Australian Dollar falls versus USD as risk aversion continues on Evergrande crisis. Bank of Japan (BoJ) rate decision in focus along with possible PBOC actions. AUD/USD broke below Fib support but failed to break recent intraday lows. Wednesday’s Asia-Pacific...
WORLD
vnexplorer.net

Japan regulator to oversee computer system at Mizuho, Nikkei says

Japan’s banking regulator will jointly oversee system management at Mizuho Financial Group’s retail arm, as part of an administrative action against the bank following a series of technical failures, the Nikkei newspaper reported on Tuesday. The Financial Services Agency will take action against retail lender Mizuho Bank and its parent,...
TECHNOLOGY
theusexpressnews.com

Sensex exceeds 200 points and exceeds 17,450 points thanks to IT actions

Indian stock indices rose slightly on Tuesday, defying the weak trend in global markets, punctuated by gains in information technology and consumer heavyweights like Tata Consultancy Services (TCS), Infosys, HCL Technologies, Hindustan Unilever , ITC and Tech Mahindra. The Sensex rose 288 points and the Nifty 50 index rose above its psychologically important level of 17,450. Global stock markets were caught in the grip of contagion fears sparked by the unrest in China on Tuesday. Evergrande, as growing risks that the real estate giant could default on its massive debt has prompted investors to shy away from riskier assets.
STOCKS
insider-voice.com

Shinsei battle puts Japanese government in formidable dilemma

Sign up for myFT Daily Digest to be the first to know about Shinsei Bank Ltd. news. In recent decades, Shinsei Bank and its doomed former incarnation Long Term Credit Bank have become used to putting the Japanese government in difficult positions. In the latest prank, Shinsei has been the...
WORLD

World shares skid as China Evergrande contagion fears rise

Sept 20 (Reuters) - World shares skidded and the dollar firmed on Monday as investors fretted about the spillover risk to the global economy from property group China Evergrande's troubles, while eyeing a week packed with global central bank meetings. In a sign of the risk aversion rippling through markets,...
MARKETS
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