China Stocks Fall after Soft Data; Hong Kong Down

SHANGHAI, April 30 Reuters China stocks slipped on Friday, after the countrys factory activity growth slowed in April, with Shanghai shares set for weekly decline on worries over policy tightening and SinoU.S. tensions. The CSI300 index fell 0.3 to 5,150.71 by the end of the morning session, while the Shanghai Composite Index lost 0.5 to […]
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Japan Stocks Fall on Disappointing Earnings, Virus Worries

TOKYO, April 30 Reuters Japanese shares fell on Friday as lacklustre earnings reports and profit forecasts from technology firms, and a spike in domestic infections of the novel coronavirus weighed on investor sentiment. The Nikkei 225 Index was down 0.46 at 28,920.24, as of 0200 GMT, while the broader Topix edged 0.07 lower to 1,907.67. […]
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Swiss CB Readying CrossBorder Digital Currency Test

LONDON, April 29 Reuters Switzerlands central bank is planning its first digital currency test with another country, one of its governing board members said on Thursday. Dozens of central banks around the world are looking to launch digital currencies in the coming years, but it will be vital that they can be exchanged and used […]
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Dovish Fed Confirms Worrying Outlook for USD

Powells speech yesterday and the FOMCs official postmeeting commentary suppressed speculations of early QE tapering and rate hikes. The Fed chairman focused on fragile economic recovery and reiterated the transitional nature of rising inflation based on a low base effect. The US dollar returned to moderate weakness on these statements. EURUSD went back above 1.21, […]
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Sterling Edges up but Political Risks Limit Gains

LONDON, April 29 Reuters The pound edged up slightly against the euro on Thursday but was broadly flat against the dollar, having been temporarily boosted overnight after the Feds dovish outlook prompted a weaker dollar. Sterling hit a nineday high of 1.3979 in Asian trading after the U.S. Federal Reserve said it was too early […]
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