Stocks in Asia dropped and the yen rose for a fifth day as traders showed caution ahead of a week packed with earnings results and a Federal Reserve interest-rate decision.
Equities gauges were lower in Japan, Australia and South Korea, while benchmarks in Hong Kong and China advanced. The Australian dollar remained above 79 US cents ahead of a speech by Reserve Bank of Australia governor Philip Lowe on Wednesday.
The market is bidding down the dollar as risk aversion increases ahead of the senior presidential adviser Jared Kushner appearing before the senate intelligence committee on Monday, and Donald Trump Jr and former the Trump campaign chairman Paul Manafort going before senate committees investigating Russian meddling on Wednesday.
Earnings from industry bellwethers from Amazon.com to GlaxoSmithKline and Credit Suisse Group are due this week, and central bank policy discussions are providing the latest tests for the bull market in equities that’s propelled the value of global shares to US$78 trillion. The Fed is expected to stand pat, with investors looking to the accompanying statement for clues on how officials plan to start reducing the balance sheet.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Company%20Profile
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai