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21.08.26 - 11:24
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South Korea, Japan FX Officials Vow to Deepen Cooperation (Bloomberg)
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South Korea and Japan's top foreign-exchange officials met in Tokyo on Friday to discuss ways to enhance bilateral cooperation, three weeks after a rare US-Japan coordinated intervention jolted the region's currency markets and helped bolster the won as well as the yen....
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31.07.26 - 16:42
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Futures Rise After Record Rip In Kospi; Bond Bounce Fades As Oil Jumps, BoJ On Hold (ZeroHedge)
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Futures Rise After Record Rip In Kospi; Bond Bounce Fades As Oil Jumps, BoJ On Hold
A broad rally in US tech stocks is extending for a second day, with Nasdaq 100 futures rising over 1%. Amazon is the standout in premarket trading, up by 12% after reporting a fifth quarter of cloud sales growth, while Apple is sinking 7% after its sales forecast was dented by industry-wide supply shortages.
The gains in big-tech come amid signs that, for some, AI spending is paying off - underpinned by strong demand. Amazon shares rallied in late trading after it reported AWS revenue growth of 37%, above consensus of 31.3% and the fastest clip since 2021, enabling traders to overlook another increased capex guide and negative free-cash flow.
On the flip side, Apple shares fell after component shortages weighed on the company's sales forecast, echoing caution mentioned by Qualcomm the previous day. Apple had run into the print as the best performing stock within the Mag 7 cohort year-to-date.
“The w...
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