10 August

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Asian stocks on backfoot as concern over Delta variant saps confidence By Reuters

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By Paulina Duran and Matt Scuffham SYDNEY/NEW YORK (Reuters) - Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices. MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.4% in early trading, with Korea's KOSPI index down 0.56% while China's blue chip index CSI300 shed 0.33%. "With the Delta variant spreading, money managers who were over-invested in the re-opening trade continue...

10 August

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Dollar buoyed as healthy U.S. jobs fuel Fed taper talk By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar was buoyant on Tuesday, pushing the euro to a four-month low, as a run of strong U.S. job figures solidified expectations the U.S. Federal Reserve could soon start tapering its massive coronavirus-driven stimulus. The prospect of the Fed's reduced bond-buying pushed down U.S. bond prices, lifting their yields and hitting other safe-haven assets that had benefited from low returns from U.S. debt, such as the Swiss franc and gold. The Swiss franc has lost about 1.6% over the last two sessions against the dollar to trade at 0.9196...

10 August

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S&P 500 Stutters as Energy Slumps, But Financials Keep Losses in Check By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 closed flat Monday, as investors weighed up a slip in energy against gains in financials just as the infrastructure bill is nearing passage through Congress. The S&P 500 closed flat to remain close to its all-time high of 4,436.52. The Dow Jones Industrial Average slipped 0.3%, or 106 points, and the Nasdaq was up 0.2% Energy stocks fell more than 1% as oil prices deepened their losses following a slump last week as surging Covid-19 cases continued to muddy the outlook for energy demand. “The [oil] price slide [from...

10 August

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Bitcoin, cryptos post 5th straight week of outflows -CoinShares data By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Bitcoin investment products and funds registered outflows for a fifth consecutive week, as investor sentiment remained cautious in the midst of increased global regulatory scrutiny, data from digital asset manager CoinShares showed on Monday. Outflows from the world's most popular cryptocurrency totaled $33 million in the week ended Aug. 6, compared with $19.7 million the previous week. But so far this year, bitcoin inflows remained a robust $4.2 billion. Total crypto outflows, meanwhile, added up to nearly $26 million, although CoinShares noted that the magnitude of outflows was much...

10 August

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Asian airlines offer perks to keep grounded elite flyers on board By Reuters

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By Jamie Freed SYDNEY (Reuters) - From wellness workshops to dinner with a celebrity chef and flights to nowhere, Asia's big international airlines are working hard to keep their most lucrative customers engaged as the pandemic-related travel halt stretches beyond 18 months. While flights are starting to rebound in the United States and Europe, international travel is still down 96% in Asia due to tough travel restrictions, making it harder to maintain a relationship with grounded premium clients. Elite frequent flyers, many of them business travellers, are coveted by full-service carriers like Australia's Qantas Airways...

10 August

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Consumer Inflation Expectations Hit Eight-Year High in Fed Study By Bloomberg

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(Bloomberg) -- U.S. consumers’ expectations for inflation over the medium term rose to an eight-year high in July, according to a Federal Reserve Bank of New York survey. The median survey respondent anticipated an inflation rate of 3.7% in three years’ time, the highest since August 2013 and up from 3.6% in June, the New York Fed said Monday. Expectations for inflation over the next year rose to a record 4.8%. Fed officials follow measures of inflation expectations closely because they believe them to be key determinants of actual inflation. The New York Fed survey results...

10 August

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Case for end to bond bull run historically strong – M&G’s Leaviss By Reuters

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By Aaron Saldanha (Reuters) - The current economic environment offers the best chance bond bears have had in years to bet on a reversal in the multi-decade trend of bond yields falling, said veteran money manager Jim Leaviss, while advising traders to not "bet the farm on it". Huge U.S. fiscal stimulus and labor shortages could push up wages again, perhaps overcoming long-standing deflationary trends resulting from the rise of technology and globalisation's impact on the price of goods and labor, said Leaviss, the chief investment officer of public fixed income at M&G Investments. "The very...

10 August

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Fed officials say tapering is near, advancing discussion on rate hike By Reuters

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By Jonnelle Marte and Howard Schneider (Reuters) - Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes. Atlanta Federal Reserve Bank President Raphael Bostic said he is eyeing the fourth quarter for the start of a bond-purchase taper but is open to an even earlier start if the job market keeps up its recent torrid pace of improvement....

09 August

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S&P 500 Slips on Energy But Still Trades Near Record High By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 slipped Monday, weighed down by a slide in energy, but the index remained near record highs following the stronger monthly jobs report Friday. The S&P 500 fell 0.1%, but remained close to its all-time high of 4,440.82. The Dow Jones Industrial Average slipped 0.2%, or 74 points, and the Nasdaq was up 0.2% Energy stocks fell nearly 1% as oil prices deepened their losses following a slump last week as surging Covid-19 cases continued to muddy the outlook for energy demand. “The [oil] price slide [from late Friday]...

09 August

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Apple says photos in iCloud will be checked by child abuse detection system By Reuters

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By Stephen Nellis and Joseph Menn (Reuters) - Apple Inc (NASDAQ:AAPL) on Monday said that iPhone users' entire photo libraries will be checked for known child abuse images if they are stored in the online iCloud service. The disclosure came in a series of media briefings in which Apple is seeking to dispel alarm over its announcement last week that it will scan users' phones, tablets and computers for millions of illegal pictures. While Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and other technology platforms check uploaded photos or emailed attachments against a database of identifiers provided by the...

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Asian stocks on backfoot as concern over Delta variant saps confidence By Reuters

Dollar buoyed as healthy U.S. jobs fuel Fed taper talk By Reuters

S&P 500 Stutters as Energy Slumps, But Financials Keep Losses in Check By Investing.com

Bitcoin, cryptos post 5th straight week of outflows -CoinShares data By Reuters

Asian airlines offer perks to keep grounded elite flyers on board By Reuters

Consumer Inflation Expectations Hit Eight-Year High in Fed Study By Bloomberg

Case for end to bond bull run historically strong – M&G’s Leaviss By Reuters

Fed officials say tapering is near, advancing discussion on rate hike By Reuters

S&P 500 Slips on Energy But Still Trades Near Record High By Investing.com

Apple says photos in iCloud will be checked by child abuse detection system By Reuters

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