30 September 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar near one-year high as Fed tightening in focus
- Hong Kong stocks fall 1% as official data shows China factory activity unexpectedly contracting
- Oil prices slip as inventories rise
The dollar hovered near a one-year high versus major peers on Thursday, following a two-day surge amid expectations for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022.
The safe-haven greenback also saw a bid on worries the Fed could start to tighten into a period of slowing global growth and persistently high inflation, and perversely did well amid an impasse in Washington over the U.S. debt ceiling that threatens to plunge the government into a shutdown.
The dollar index – which measures the currency against a basket of six rivals – stood at 94.336, little changed from Wednesday, when it hit 94.435 for the first time since late September of last year. The dollar bought 111.86 yen , easing slightly after reaching 112.05 overnight, a level not seen since February 2020. The euro was little changed at $1.1602, holding near Wednesday’s 14-month low of $1.15895.
Shares in Asia-Pacific traded mixed on Thursday morning as investors reacted to the release of Chinese factory activity data for September.
Mainland Chinese stocks advanced, with the Shanghai composite up 0.45% while the Shenzhen component jumped 1.033%. Hong Kong’s Hang Seng index, on the other hand, fell 1.12%.
China’s official manufacturing Purchasing Managers’ Index for September came in at 49.6, below expectations for a reading of 50.1 by analysts in a Reuters poll. South Korea’s Kospi dipped 0.17%. Over in Australia, the S&P/ASX 200 gained 1.13%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.35% lower.
Oil prices slipped on Wednesday after US crude inventories rose by more than anticipated, even as OPEC plans to maintain its deliberate approach to adding supply to the market.
Brent crude settled down 45 cents to $78.64 a barrel, after reaching $80 on Tuesday. US oil prices ended down 46 cents, or 0.6%, to $74.83 a barrel.
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