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Forex News
Australian Dollar Jumps As Hot Inflation Data Raises Rate Hike Odds
The Australian dollar moved higher against its major counterparts during the Asian session on Wednesday, as the nation's inflation accelerated more than forecast in the fourth quarter, intensifying expectations that the Reserve Bank of Australia will raise the cash rate by 25 basis points in February.
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826 days ago
FTSE 100 Marginally Higher As Producer Inflation Falls More Than Expected
U.K. stocks were marginally higher on Wednesday after data showed producer price inflation in the county fell to its lowest rate in almost a year last month.
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826 days ago
Singapore Inflation At 7-Month Low On Weaker Transport Costs
Singapore consumer price inflation eased at the end of the year to the lowest level in seven months, largely due to a moderation in private transport costs, while core price growth remained steady, data published by the Monetary Authority of Singapore, or MAS, and the Ministry of Trade and Industry showed on Wednesday.
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826 days ago
CAC 40 Holds Steady As Investors Await US GDP Data
French stocks struggled for direction in early trade on Wednesday as growth worries offset expectations of slower interest-rate hikes from the Federal Reserve.
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826 days ago
DAX Little Changed As Microsoft Gives Downbeat Outlook
German stocks were little changed on Wednesday as concerns that a recession might be coming offset investors optimism that the U.S. Federal Reserve will slow its pace of rate increases.
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826 days ago
Asian Shares Rise On Fed Optimism
Asian stocks rose broadly on Wednesday amid expectations that the U.S. Federal Reserve could ease the pace of rate increases, citing slowing wage and inflation growth.
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826 days ago
FDA Bans 2 Vuse Menthol E-cigarette Products
The U.S. Food and Drug Administration has denied marketing of two Vuse menthol e-cigarette products currently marketed by R.J. Reynolds Vapor Co. citing that they do not meet public health standard. In a stament, the agency said it has issued marketing denial orders or MDOs for Vuse Vibe Tank Menthol 3.0% and the Vuse Ciro Cartridge Menthol 1.5%.
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826 days ago
more news
European Shares May See Tepid Start With Focus On Earnings
European stocks may drift lower at open on Wednesday, as investors await more U.S. economic data as well as management commentary on the demand outlook from prominent companies for further clarity on the economic outlook.
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826 days ago
European Economic News Preview: Germany Ifo Business Confidence Due
Business sentiment from Germany and producer prices from the UK are the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK producer prices for December. Output price inflation is forecast to rise to 16.4 percent from 14.8 percent in November.
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826 days ago
Australia Westpac Leading Index Signals Weak Growth
Australia's leading index continued to point to below-trend growth in the first half of the year largely due to weaker consumer spending, Westpac said Wednesday. The annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, was -0.97 percent in December.
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826 days ago
Sensex, Nifty Drift Lower On Mixed Global Cues
Indian shares opened lower on Wednesday, tracking mixed global cues and on eve of F&O expiry.
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826 days ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the mixed cues from global markets overnight, with traders cautiously assessing recent economic data and remaining optimistic about the US Fed further slowing the pace of interest rate hikes next week following recent comments from Fed officials. Some traders are also indulging in booking profits after recent gains.
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826 days ago
Sensex, Nifty Seen Tad Lower Ahead Of F&O Expiry
Indian shares may open a tad lower on Wednesday as investors may choose to remain on the sidelines ahead of the derivative expiry, the Republic Day holiday on Thursday and the Union Budget due to be unveiled next week. A slight uptick in the dollar and U.S. bond yields may also weigh on sentiment.
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826 days ago
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