Japan will on Monday release Q3 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is seen steady from the three months prior, up 0.2 percent on quarter and 0.9 percent on year. Capex is also called steady at -0.2 percent on quarter. China will see November numbers for consumer...
The South Korea stock market has finished lower in three straight sessions, slumping more than 70 points or 2.9 percent along the way. The KOSPI now sits just beneath the 2,430-point plateau and it may take further damage again on Monday. The global forecast for the Asian markets is flat to higher on optimism over...
Indian shares edged lower in cautious trade on Monday as weak inflation data from China suggested Beijings recent efforts to shore up faltering economic demand are having only limited impact. The benchmark S&P/BSE Sensex was down 145 points, or 0.2 percent, at 81,52 in early trade while the broader NSE Nifty index was down 56...
European stocks are likely to open lower on Monday as investors ponder over how the prospect of government drift and upheaval will affect consumers and businesses in Germany and France. The European Central Bank (ECB) is expected to cut interest rates again this week amid worries about how fiscal policy will develop in both countries....
Chinas consumer price inflation eased unexpectedly to a five-month low in November and producer prices continued to fall suggesting that the sequence of stimulus measures initiated by Beijing had limited impact on reviving domestic demand. The consumer price index posted an annual increase of 0.2 percent, the National Bureau of Statistics reported Monday. Inflation was...
Asian stocks retreated on Monday, as Chinese inflation data signaled continued demand weakness and political turmoil continued in South Korea after President Yoon survived impeachment. Japanese markets outperformed to end slightly higher after Q3 GDP was revised higher, testing bets on a December Bank of Japan rate hike. The U.S. started the week on a...
German stocks traded slightly higher on Monday after a measure of Chinas consumer inflation unexpectedly decelerated in November and factory deflation eased, raising hopes for more proactive fiscal and monetary policies next year to boost domestic consumption. The Politburo, a top decision-making body led by President Xi Jinping, said today it will stabilize property and...
Bumi Resources Tbk (BUMI) announced the revised coal production target to 76-78 million ton throughout 2024 from the previous 78-82 million ton. This cut-down on coal production volume target was caused by several factors, ranging from weather challenges to low market demand. “The heavy rainfall in South Kalimantan and market factors, as well as decreased...
JAKARTA – The price of PT Jhonlin Agro Raya Tbk (JARR) managed to score 24% increase from the opening bell to the end of morning session today (9/12) at Indonesia Stock Exchange (IDX). This increase led JARR to the first place of top gainers at the early session in the market. Monitoring the board at...
JAKARTA – PT Lippo Cikarang Tbk (LPCK) is undertaking a significant capital increase through a rights issue to continue financing its Meikarta project, following a loss of IDR1.6 trillion. The company plans to issue 2.97 billion new shares in the rights offering, representing 52.61% of its paid-up and issued capital. The rights issue will be...