The Indonesia stock market has moved higher in three straight sessions, gathering more than 135 points or 2 percent along the way. The Jakarta Composite Index now sits just above the 7,450-point plateau although it may spin its wheels on Wednesday. The global forecast for the Asian markets is negative, with weakness expected from the...
Ahead of Tuesdays holiday for Constitution Day, the Thai stock market had finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 30 points or 2 percent. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and its tipped to...
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as traders await key U.S. consumer price inflation readings later in the day that could influence the U.S. Feds rate trajectory. Signals of a policy shift in China boosted sentiment, while persisting geopolitical tension due to escalating violence in Syria...
The Swiss franc weakened against other major currencies in the Asian session on Wednesday, as traders speculate that the central bank is likely to reduce its borrowing costs in the policy meeting due Thursday. The policy board of the Swiss National Bank (SNB) governed by Thomas J. Jordan is expected to lower the rate by...
The Asian Development Bank downgraded its growth outlook for developing Asia and cautioned that rapid shifts in US policies could dent economic growth and boost inflation. In the latest report released Wednesday, the ADB trimmed the growth forecast for developing Asia to 4.9 percent from 5.0 percent this year. Similarly, the projection for 2025 was...
Asian stocks turned in a mixed performance on Wednesday as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserves interest -rate decision next week. Currently, markets are pricing in an 85 percent chance of a quarter-point cut. Investors also braced for Chinas two-day Central Economic Work Conference...
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as traders speculate that the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to limit the significant weakening of the rupee. Traders increased their bets on interest rate reduction after career bureaucrat Sanjay Malhotra was named...
German stocks held steady on Wednesday as investors braced for the release of U.S. inflation data and a European Central Bank policy meeting. The benchmark DAX was up 10 points at 20,340 after finishing marginally lower the previous day. Energy group Siemens Energy tumbled 3 percent after U.S. rival GE Vernova sounded cautious about the...
French stocks were subdued on Wednesday as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserves interest -rate decision next week. The report is expected to show U.S. consumer prices rose by 0.2 percent for the fifth straight month in November. The annual rate of consumer price...
U.K. stocks were moving lower on Wednesday as caution crept in ahead of key U.S. inflation data, due later in the day. The CPI report along with the release of producer price inflation figures on Thursday might impact the outlook for U.S. interest rates. The benchmark FTSE 100 dropped 0.2 percent to 8,266 after declining...