- Leicester boss Van Nistelrooy aware of 'bigger picture' as Liverpool await
- Syria authorities say armed groups have agreed to disband
- Maresca expects Man City to be in title hunt as he downplays Chelsea's chancs
- South Africa opt for all-pace attack against Pakistan
- Guardiola adamant Man City slump not all about Haaland
- Global stocks mostly higher in thin pre-Christmas trade
- Bethlehem marks sombre Christmas under shadow of war
- 11 killed in blast at Turkey explosives plant
- Indonesia considers parole for ex-terror chiefs: official
- Postecoglou says Spurs 'need to reinforce' in transfer window
- Le Pen says days of new French govt numbered
- Villa boss Emery set for 'very difficult' clash with Newcastle
- Investors swoop in to save German flying taxi startup
- How Finnish youth learn to spot disinformation
- 12 killed in blast at Turkey explosives plant
- Panama leaders past and present reject Trump's threat of Canal takeover
- Hong Kong police issue fresh bounties for activists overseas
- Saving the mysterious African manatee at Cameroon hotspot
- India consider second spinner for Boxing Day Test
- London wall illuminates Covid's enduring pain at Christmas
- Poyet appointed manager at South Korea's Jeonbuk
- South Korea's opposition vows to impeach acting president
- The tsunami detection buoys safeguarding lives in Thailand
- Teen Konstas to open for Australia in Boxing Day India Test
- Asian stocks mostly up after US tech rally
- US panel could not reach consensus on US-Japan steel deal: Nippon
- The real-life violence that inspired South Korea's 'Squid Game'
- Blogs to Bluesky: social media shifts responses after 2004 tsunami
- Tennis power couple de Minaur and Boulter get engaged
- Supermaxi yachts eye record in gruelling Sydney-Hobart race
- Hawaii's Kilauea volcano erupts, spewing columns of lava
- El Salvador Congress votes to end ban on metal mining
- Five things to know about Panama Canal, in Trump's sights
- NBA fines Minnesota guard Edwards $75,000 for outburst
- Haitians massacred for practicing voodoo were abducted, hacked to death: UN
- Inter beat Como to keep in touch with leaders Atalanta
- Man Utd boss Amorim questions 'choices' of Rashford's entourage
- Trump's TikTok love raises stakes in battle over app's fate
- Is he serious? Trump stirs unease with Panama, Greenland ploys
- England captain Stokes to miss three months with torn hamstring
- Support grows for Blake Lively over smear campaign claim
- Canada records 50,000 opioid overdose deaths since 2016
- Jordanian, Qatari envoys hold talks with Syria's new leader
- France's second woman premier makes surprise frontline return
- France's Macron announces fourth government of the year
- Netanyahu tells Israel parliament 'some progress' on Gaza hostage deal
- Guatemalan authorities recover minors taken by sect members
- Germany's far-right AfD holds march after Christmas market attack
- Serie A basement club Monza fire coach Nesta
- Mozambique top court confirms ruling party disputed win
RBGPF | -1.17% | 59.8 | $ | |
RYCEF | -0.28% | 7.25 | $ | |
RIO | -0.14% | 59.15 | $ | |
RELX | 0.24% | 45.7 | $ | |
CMSC | -1.11% | 23.64 | $ | |
NGG | -0.58% | 58.68 | $ | |
SCS | 0.34% | 11.69 | $ | |
GSK | -0.1% | 34.025 | $ | |
BTI | -0.01% | 36.215 | $ | |
CMSD | -0.58% | 23.414 | $ | |
VOD | 0.71% | 8.43 | $ | |
AZN | -0.4% | 66.365 | $ | |
BP | 0.16% | 28.795 | $ | |
BCE | 0.35% | 22.92 | $ | |
BCC | 0.37% | 122.69 | $ | |
JRI | 0.25% | 12.13 | $ |
Markets mixed after Wall St losses as traders weigh US rates outlook
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.
A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also keeping tabs on the president-elect's cabinet choices, with several China hawks lined up.
Expectations that a second Trump administration will impose painful fresh tariffs on Chinese goods has added to the unease and ramped up fears of another trade war between the economic powerhouses.
All three main indexes on Wall Street ended deep in the red Friday, with the Nasdaq down more than two percent, after Powell's remarks the day before.
After Trump's victory at the start of the month, markets had already been winding back their expectations for the number of rate cuts the Fed would announce next year.
The bank's next policy decision in December will be closely followed for an idea about officials' plans.
Still, Philipp E. Bartschi, chief investment officer at Bank J. Safra Sarasin, was upbeat about the outlook for equities.
"The clear and swift outcome of the US elections reduced uncertainty and investors' appetite for risk improved significantly," he said in a note. "This trend is likely to continue in the coming weeks and ensure a positive year-end on the financial markets.
"With the election of Donald Trump as US president, the volatility in macro forecasts is likely to increase due to his plans. Deregulation and tax cuts would accelerate nominal growth, while a trade war should slow growth.
"Although many of Trump's proposals will only have an impact after a delay -- if at all -- consumer sentiment and the business climate are likely to improve in the short term. A possible US recession has receded into the distant future."
Shares in Hong Kong were helped by hopes for more Chinese stimulus after a recent raft of measures, while a call by authorities for firms to step up efforts to boost shareholder returns also provided support.
Sydney, Seoul, Wellington, Manila, Mumbai and Bangkok also rose along with London, Paris and Frankfurt.
However, Tokyo, Shanghai, Singapore, Taipei and Jakarta fell.
The lowering of US rate cut expectations helped the dollar hold onto gains against its major peers, with investors also tracking comments from Japanese authorities amid speculation they could intervene in forex markets if the yen weakens too much, too quickly.
And bitcoin sat around $91,600, having hit another record high of $93,462 last week on hopes Trump will push for more deregulation of the crypto market. Commentators expect the unit to break $100,000 soon.
Dealers were also awaiting the release of earnings from chip titan Nvidia this week, after the firm led a surge in tech firms this year owing to an explosion in demand for all things linked to artificial intelligence.
- Key figures around 0810 GMT -
Tokyo - Nikkei 225: DOWN 1.1 percent at 38,220.85 (close)
Hong Kong - Hang Seng Index: UP 0.8 percent at 19,576.61 (close)
Shanghai - Composite: DOWN 0.2 percent at 3,323.85 (close)
London - FTSE 100: UP 0.2 percent at 8,077.36
Euro/dollar: UP at $1.0548 from $1.0536 on Friday
Pound/dollar: UP at $1.2627 from $1.2611
Dollar/yen: UP at 154.52 yen from 154.32 yen
Euro/pound: UP at 83.54 pence from 83.52 pence
West Texas Intermediate: UP 0.3 percent at $67.20 per barrel
Brent North Sea Crude: UP 0.4 percent at $71.31 per barrel
New York - Dow: DOWN 0.7 percent at 43,444.99 (close)
F.Moura--PC