Economics

Euro rises further in French election relief rally

The euro remained robust on Wednesday morning, poised to gain for a fifth consecutive day after centrist Emmanuel Macron won the first round of the French presidential election. The euro strengthened 0.09 per cent, or 10 basis points, to 1.0936 as of 11.50 am, compared with 1.0926 late Tuesday. On T...

Hong Kong stocks hold onto early gains by noon

Hong Kong stocks held onto early gains and moved higher by Wednesday noon, joining a global equity rally on Tuesday night, driven by the optimism over centrist Emmanuel Macron winning the first round of the French presidential election. The Hang Seng Index rose 0.6 per cent, or 142.9 points, at 24,5...

Hong Kong stocks join global rally to open higher

Hong Kong stocks opened higher on Wednesday, joining a global equity rally on Tuesday night, driven by the optimism over centrist Emmanuel Macron winning the first round of the French presidential election. The Hang Seng Index opened up 0.4 per cent, or 107.3 points, at 24,563.2. The Hang Seng China...

It’s far too early to write off the global reflation trade

Is the much-hyped reflation trade fizzling out? Over the past month or so, a flurry of economic data and market indicators have convinced many strategists that the nine-month-old repositioning of investors’ portfolios in anticipation of stronger growth and inflation has lost considerable momen...