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Forex News
European Shares Seen Tad Higher As Fed Meeting Gets Underway
European stocks are likely to open higher on Tuesday as investors keep a close eye on the U.S. Federal Open Market Committee (FOMC) meeting that gets underway later today.
There is consensus for a 75-bps rate move, but a super-sized 100 bps or full percentage point rate hike is also not off the table.
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953 days ago
China Maintains Loan Prime Rates
China left its main lending rates unchanged on Tuesday, as widely expected, after lowering the rates last month. The People's Bank of China retained its five-year loan prime rate, or LPR, the benchmark for mortgage rates, at 4.30 percent.
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953 days ago
Sensex Soars 730 Points; Nifty Tops 17,800
Indian shares were sharply higher on Tuesday amid strength across global markets as a two-day policy meeting of the Federal Reserve gets underway later today.
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953 days ago
Asian Markets Mostly Higher On Wall Street Cues
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, with traders remaining cautiously optimistic as they believe the heavy selling in recent sessions has been overdone. They also await the US Fed's monetary policy decision on Wednesday. Asian markets closed mostly lower on Monday.
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953 days ago
Sensex, Nifty Set To Follow Global Peers Higher
Indian shares look set to open higher on Tuesday amid strength across global markets. The direction of rupee and oil price movements may sway sentiment as the day progresses.
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953 days ago
Japanese Market Modestly Higher
The Japanese stock market is modestly higher on Tuesday, recouping some of the losses in the previous session, with the Nikkei 225 moving above the 27,600 level, following the broadly positive cues from Wall Street overnight, even as domestic inflation accelerated at the fastest pace since 1991. Traders were also catching up in post-holiday trading.
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953 days ago
Thai Stock Market Poised To Extend Monday's Gains
The Thai stock market on Monday ended the four-day losing streak in which it had tumbled more than 35 points or 2.2 percent. The Stock Exchange of Thailand now rests just above the 1,630-point plateau and it may add to its winnings on Tuesday.
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953 days ago
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Indonesia Stock Market May Add To Its Winnings
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day winning streak in which it had advanced more than 130 points or 1.9 percent. The Jakarta Composite Index now rests just shy of the 7,200-point plateau and it's expected to extend its gains on Tuesday.
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953 days ago
RBA Minutes: Rate Hike Would Bring Inflation Back To Target
Members of the Reserve Bank of Australia's Monetary Policy Board said that a move to lift the bank's benchmark lending rate would help to bring inflation back down closer to its target range, minutes from the bank's September 6 meeting revealed on Tuesday.
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953 days ago
Australian Market Significantly Higher
The Australian stock market is significantly higher on Tuesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 just below the 6,800 level, following the broadly positive cues from Wall Street overnight, with gains in mining and energy stocks amid a rebound in commodity prices. Financial stocks also gained.
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953 days ago
China Stock Market Overdue For Support On Tuesday
The China stock market has finished lower in four straight sessions, tumbling almost 150 points or 4.4 percent in that span. The Shanghai Composite Index now sits just above the 3,115-point plateau although it may finally find its footing on Tuesday.
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953 days ago
Taiwan Stock Market Tipped To Find Traction On Tuesday
The Taiwan stock market has finished lower in two straight sessions, sinking almost 250 points or 1.8 percent along the way. The Taiwan Stock Exchange now rests just above the 14,425-point plateau although it's due for support on Tuesday.
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953 days ago
Renewed Support Called For Singapore Stock Market
The Singapore stock market headed south again on Monday, one session after halting the two-day slide in which it had fallen almost 25 points or 0.8 percent. The Straits Times Index now rests just above the 3,255-point plateau, although it's likely to bounce higher again on Tuesday.
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953 days ago
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