China firmly opposes unilateral sanctions and long-arm jurisdiction without the basis of international law and the authorization of the UN Security Council,” ministry spokesperson He Yadong said at a press briefing.
Most Asian currencies steadied from recent losses on Thursday with the Japanese yen remaining close to near three-month lows, while the dollar remained underpinned by expectations of slower interest rate cuts.
Gold prices rose slightly in Asian trade on Thursday, but were nursing a tumble from record highs as anxiety over the U.S. election and a shifting outlook for interest rates favored the dollar.
Crypto trading volumes were also mostly subdued amid increased risk aversion, while overnight losses in stock markets also provided middling cues to crypto markets. Most altcoins also tracked muted moves in Bitcoin, while Solana rallied past its peers on increased activity on the blockchain.
Investors will study a raft of preliminary Purchasing Managers’ Index readings from the major eurozone countries during Thursday’s session, amid concerns about the region’s growth prospects.
US stock futures wavered around the flatline on Wednesday as investors digested the first busy day of the third-quarter earnings season and looked ahead to more corporate results this week.
Most Asian currencies weakened on Wednesday as uncertainty over U.S. interest rates and the upcoming presidential elections kept traders risk-averse, while the dollar remained at a near three-month high.
The market continues to wait for Israel’s response to Iran’s missile attack,” ING analysts said on Wednesday, adding the price strength on Tuesday was possibly due to the lack of outcome from U.S. Secretary of State Antony Blinken’s latest visit to Israel.
Bitcoin’s price fell on Wednesday as appetite for risk-driven assets remained weak amid uncertainty over the U.S. election and as traders positioned for smaller interest rate cuts by the Federal Reserve.
The International Monetary Fund on Tuesday said the German economy, Europe’s biggest, would stagnate this year, cutting its forecast from 0.2% growth previously.
