Japanese shares rebound after Powell testimony lifts Wall Street

TOKYO, Jan 12 (Reuters) – Japanese shares rebounded on Wednesday, as investors scooped up beaten-down stocks after less hawkish comments from U.S. Federal Reserve Chairman Jerome Powell helped Wall Street regain ground.

The Nikkei share average (.N225) rose 1.9% to 28,746.08 by 0202 GMT and the broader Topix (.TOPX) gained 1.41% to 2,014.82, after three straight sessions of falls.

U.S. stocks bounced overnight, with the Nasdaq leading the advance, as investors digested Powell’s remarks that interest rates were likely to rise this year, as expected.

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“The Japanese market rose because investors

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S.Korea stocks track Wall Street lower, tech heavyweights cap losses

  • KOSPI falls, foreigners net buyers
  • Korean won strengthens against U.S. dollar
  • South Korea benchmark bond yield falls

SEOUL, Jan 11 (Reuters) – Round-up of South Korean financial markets:

** South Korean shares fell on Tuesday for a fourth session in five, as risk appetite was dampened by rising bets for earlier-than-expected U.S. interest rate hikes. The Korean won strengthened, while the benchmark bond yield fell.

** By 0210 GMT, the benchmark KOSPI (.KS11) fell 11.38 points, or 0.39%, to 2,915.34, following a 0.95% dip on Monday. The index has fallen 2.09% so far this year.

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Japan’s Nikkei tracks Wall Street lower on Fed’s rate hike bets

TOKYO, Jan 11 (Reuters) – Japan’s Nikkei index ended about 1% down on Tuesday, tracking Wall Street’s weak finish overnight amid caution about the U.S. Federal Reserve’s possible rate increase as soon as March, while higher Treasury yields drove a sell-off in technology shares.

The Nikkei share average (.N225) fell 0.9% to close at 28,222.48, while the broader Topix (.TOPX) slipped 0.44% to 1,986.82.

“The Japanese market was dragged down by Wall Street’s weak finish for two consecutive sessions and investor sentiment was cautious regarding U.S. monetary policy outlook,” Shoichi Arisawa, general manager of the investment research department at IwaiCosmo

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Wall Street Breakfast: The Week Ahead

Economic reports in the week ahead

The first trading week of 2022 will include an important OPEC+ meeting, the release of the minutes from the last Federal Open Market Committee meeting and the December jobs report. Strong deliveries updates from Chinese electric vehicle makers Nio (NYSE:NIO), XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI) just reported today could give EV stocks a jolt. Tesla (NASDAQ:TSLA) is also due to update on quarterly deliveries sometime during the first few days of the month. Also watch for December traffic reports from airlines such as American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL),

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The stock market’s rally through 2021 blew Wall Street’s forecasts out of the water

People walk past the New York Stock Exchange (NYSE) on Wall Street on July 15, 2021 in New York City.
  • The S&P 500’s 27% surge through 2021 thrashed nearly every Wall Street forecast from last December.
  • The market ripped higher as vaccine rollouts, reopening, and new stimulus boosted optimism.
  • Wall Street is split on whether stocks will keep soaring or stumble over the next 12 months.

Even the most bullish analysts didn’t expect the stock market to soar as high as it did throughout 2021.

The S&P 500 ended the year with a mammoth 27.2% gain after

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Wall Street slips in choppy trade, set to clock robust yearly gains

A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. REUTERS/Andrew Kelly

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  • Three main indexes headed for best three-year gain since 1999
  • Xeris Biopharma soars after FDA approval for drug
  • Indexes off: Dow 0.21%, S&P 0.17%, Nasdaq 0.21%

Dec 31 (Reuters) – Wall Street’s main indexes eased in choppy trading on Friday, but headed for their best three year run since 1999, driven by massive stimulus, vaccine rollouts, and strong

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Fossil Fuel Financing Under Pressure As Wall Street Caves To ESG Demands

Most U.S. oil and gas firms expect to raise their capital expenditures next year, as analysts have largely forecast in recent months. Yet, capital available to the industry is constantly shrinking as banks continue to shun the sector due to ESG pressures and as the Biden Administration, with its green agenda and anti-oil policies, is discouraging many in the shale patch from boosting capital budgets beyond the bare minimum. 

These were some of the comments and views expressed in the Dallas Fed Energy Survey for the fourth quarter released this week, which showed the oil and gas industry’s frustration with

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Wall Street Is Bearish on Treasuries. Maybe Too Bearish.

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Wall Street is bearish on Treasuries in 2022. The Federal Reserve recently pivoted to a more hawkish policy stance, and analysts predict the central bank could raise rates as soon as March. That bodes poorly for prices, which move inversely to yields, but global demand for higher-yielding Treasuries may limit or even prevent losses.

If Treasury-market investors lose money in the coming year it would be a record-setting event. That’s because Treasuries haven’t posted two consecutive calendar years of losses in at least 43 years, according to ICE Indices data going back to 1978. 

The Treasury market,

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Goldman Sachs Follows Wall Street Rivals in Asking Staff to Work From Home

Goldman Sachs told its U.S. employees on Sunday to work from home for the first two weeks of the year, joining Wall Street competitors that had already given similar instructions as coronavirus cases have surged.

Employees who are able to work remotely should do so until Jan. 18 in response to rising infection rates, the investment bank said in an email to employees. Just last week, the firm announced new booster and testing requirements, but, unlike many of its peers, did not encourage staff to work from home. Goldman called most workers back to the office in June, and its

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Wall Street will find ways to satisfy crypto envy

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly – RC2UNO93ID0I

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WASHINGTON, Jan 2 (Reuters Breakingviews) – Banks are gearing up to get in on the crypto craze in 2022. That sets them up to wrestle with a host of issues that differ from their core business, from murky regulation to a market that operates 24 hours a day, seven days a week read more . Fights over profit and customers may also

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