• Business

    Wall Street, Bank of Japan, currencies, oil

    SINGAPORE — Shares in the Asia-Pacific region traded higher on Wednesday, as Wall Street bounced back after a turbulent week last week. Investors will be looking ahead to the minutes from Bank of Japan’s monetary policy meeting. Japan’s Nikkei 225 rose 0.52% in early trade, while the Topix gained 0.6%. The S&P/ASX 200 in Australia advanced 0.41%. In South Korea, the Kospi sat just above the flatline, while the Kosdaq was up 0.77%. Major indexes in the U.S. jumped on Tuesday stateside after weeks of declines. The Dow Jones Industrial Average gained 641.47 points or 2.15% to 30,530.25, while the S&P 500 rose 2.45% to 3,764.79. The tech-focused Nasdaq advanced…

  • Business

    ‘Profit recession’ warning as markets wait for aggressive central bank moves

    A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession. U.S. stock futures bounced in early premarket trade on Tuesday after the S&P 500 slid back into bear market territory the day before.  Investors are awaiting a landmark monetary policy announcement from the Federal Reserve on Wednesday, with bets on a 75 basis point interest rate hike rising in light of a shock 8.6% annual inflation print for May. The…