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Asian Stocks End Trading On A Positive Note
Euphoria surrounding the lower-than-expected inflation readings in the U.S. helped most of the Asian benchmarks to finish Wednesday's trading on a positive note. However, caution ahead of key central bank decisions on interest rates and China's covid caseloads kept the gains in check.
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867天前
New Zealand To Enter Recession In 2023; Budget On Track To Achieve Surplus
The New Zealand economy is likely to enter a recession next year before a slow and gradual recovery in 2024, but the government accounts are on the course to return to surplus by the end of fiscal year 2025, the official estimates revealed on Wednesday.
Despite the worsening economic outlook, tax revenue is projected to be higher than the previous estimate and the budget is expected to move from
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867天前
ADB Cuts Developing Asia Growth Outlook Again, Lowers China Forecast On Zero Covid Policy
The Asian Development Bank lowered the economic growth forecast for the developing Asia and the Pacific further citing the global slowdown, but raised the inflation outlook for next year due to persistent inflationary pressures from food and energy. The lender also said the Chinese economy is likely to grow slower than projected earlier due to the 'zero-Covid' approach and a weak property market.
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867天前
European Stocks Brace For A Cautious Opening On Wednesday
European stock markets are likely to open cautious on Wednesday amidst a more-than-expected decline in headline inflation in the U.S. and impending central bank decisions. The euphoria over declining inflation is however expected to be mellowed by the anxiety ahead of the interest rate decisions due on Wednesday by the Fed and on Thursday by Bank of England and European Central Bank.
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867天前
European Economics News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and industrial production from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics publishes UK consumer and factory gate prices for November. Annual inflation is seen easing to 10.9 percent from a 41-year high of 11.1 percent in October. This is well above the central bank's 2 percent target.
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867天前
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, as data showing a tamer-than-expected increase in U.S. consumer prices helped ease concerns about the outlook for interest rates ahead of the US Fed's rate decision later in the day. Asian Markets closed mostly higher on Tuesday.
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868天前
Thai Stock Market May Add To Its Winnings On Wednesday
The Thai stock market has moved higher in back-to-back sessions, gathering more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,625-point plateau and it may extend its gains on Wednesday.
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868天前
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Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Wednesday, giving up some of the gains in the previous session, with the Nikkei 225 moving above the 28,100 level, following the broadly positive cues from global markets overnight, as traders reacted to domestic data that showed machinery orders from Japanese firms exceeding forecasts in October.
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868天前
Win Streak May Continue For Indonesia Stock Market
The Indonesia stock market has climbed higher in two straight sessions, gaining more than 95 points or 1.3 percent along the way. The Jakarta Composite Index now rests just above the 6,810-point plateau and it's set to open higher again on Wednesday.
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868天前
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly positive cues from global markets overnight, with tamer-than-expected increase in U.S. consumer prices helping ease concerns about the outlook for interest rates.
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868天前
Hong Kong Stock Market Predicted To Open In The Green
The Hong Kong stock market bounced higher again on Tuesday, one day after snapping the two-day winning streak in which it had surged more than 1,080 points or 5.5 percent. The Hang Seng Index now sits just beneath the 19,600-point plateau and it's expected to open higher again on Wednesday.
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868天前
China Stock Market May Find Traction On Wednesday
The China stock market headed has finished lower in two straight sessions, sinking more than 30 points or 1 percent along the way. The Shanghai Composite Index now rests just above the 3,175-point plateau although it's likely to open higher on Wednesday.
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868天前
Japan Core Machine Orders Rise 5.4% In October
The value of core machine orders in Japan was up a seasonally adjusted 5.4 percent on month in October, the Cabinet Office said on Wednesday - coming in at 914.7 billion yen.
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868天前
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