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Business
Reuters
Dollar consolidates as Fed urges patience; markets await meeting minutes
The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. Meanwhile, the kiwi inched up as traders awaited the Reserve Bank of New Zealand's monetary policy decision. Following a slew of Fed officials striking a cautious note, markets had about 43 basis points (bps) of easing priced in versus last week's high of 52 bps.
Politics
AFP News
Trump campaign deletes 'reich' video as Biden assails rival
Donald Trump's social media account on Tuesday removed a video showing fake headlines about a "unified reich" if he wins the 2024 US election, as his rival President Joe Biden fiercely condemned the post."What happens after Donald Trump wins?
Business
Reuters
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.