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World Markets

Superconductor claims spark investor frenzy, but scientists are skeptical

by Walter Watson
Superconductor claims spark investor frenzy, but scientists are skeptical

Last week, two papers by South Korean scientists made an extraordinary claim that sparked a social media frenzy and pushed up prices of some stocks in China and South Korea: …

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Amazon surges as Apple stumbles

by Walter Watson
Amazon surges as Apple stumbles

Freight semi trailers are docked at the Amazon warehouse in Palmdale, California, on July 25, 2023. Robyn Beck | Afp | Getty Images This report is from today’s CNBC Daily …

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Asia markets fall as Wall Street sees sell-off after U.S. credit downgrade

by Walter Watson
Asia markets fall as Wall Street sees sell-off after U.S. credit downgrade

Hong Kong business activity contracts for the first time in 2023 Hong Kong’s business activity fell into contraction territory for the first time in 2023, according to private surveys from …

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Market bears refuse to concede

by Ron Morgan
Market bears refuse to concede

Traders work on the floor of the New York Stock Exchange (NYSE) on July 26, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This …

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BOJ should move to new normal sooner, current policy is ‘very harmful’

by Walter Watson
BOJ should move to new normal sooner, current policy is ‘very harmful’

Japan needs to transition sooner to a “new normal” as the country’s current ultra low interest rate policy regime has been “inappropriate” and “very harmful” for the economy, according to …

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Asia markets rise ahead of business activity surveys out of China

by Walter Watson
Asia markets rise ahead of business activity surveys out of China

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg …

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Asia markets poised to rise ahead of business activity surveys out of China

by Walter Watson
Asia markets poised to rise ahead of business activity surveys out of China

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg …

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Yen weakens and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control

by Walter Watson
Yen weakens and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control

The Japanese yen strengthened and 10-year JGB yield rose after the Bank of Japan said it would allow “greater flexibility” in its target range for 10-year Japanese government bond yields.  Yields …

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Asia markets fall ahead of Bank of Japan rate decision

by Walter Watson
Asia markets fall ahead of Bank of Japan rate decision

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty …

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BlackRock returns to India, joins forces with tycoon Ambani’s Jio Financial

by Walter Watson
BlackRock returns to India, joins forces with tycoon Ambani’s Jio Financial

The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure …

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