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A weakening US dollar and positive global equity performance have propelled emerging market currencies, especially in Asia, to their highest point in over two years.
Economy Posts
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Conflicting economic indicators, including a low unemployment rate but declining stock markets, make it difficult to determine the likelihood of a recession.- Published on
Citing a strengthening yen and US recession fears, JPMorgan Chase & Co. has downgraded its year-end forecasts for Japans Topix and Nikkei 225 indices.- Published on
Buoyed by positive U.S. economic news, global stock markets, especially in Asia, surged on Friday, easing fears of a protracted decline.- Published on
US stocks surged on Thursday, erasing previous losses, as positive jobless claims data alleviated recession concerns and strong corporate earnings added to the markets optimism.