The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to...
Canadian shares may open a bit weak on Wednesday, weighed down by lower metal prices and caution ahead of the release of the minutes from the Federal Reserves most recent policy meeting. Alimentation Couche-Tard Inc (ATD.TO) will be in focus on reports Japans Seven & I Holdings received a revised takeover bid of around $47...
Producer prices in Japan were unchanged in September, the Bank of Japan said on Thursday - versus expectations for a decline of 0.3 percent following the 0.2 percent drop in August. On a yearly basis, producer prices rose 2.8 percent - exceeding forecasts for an increase of 2.3 percent and up from 2.6 percent in...
The value of overall bank lending in Japan was up 2.7 percent on year in September, the Bank of Japan said on Thursday - coming in at 624.24 trillion yen. That was shy of expectations for an increase of 2.9 percent and down from 3.0 percent in August. Excluding trusts, lending was up an annual...
The China stock market on Wednesday ended the absurd 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau - and by all rights, it ought to move lower again on Thursday despite a firm lead. The global forecast for...
The Hong Kong stock market has finished lower in two straight sessions, plummeting more than 2,400 points or 11 percent along the way. The Hang Seng Index now sits just above the 20,630-point plateau although it may cut into some of those losses on Thursday. The global forecast for the Asian markets is positive on...
The Indonesia stock market on Wednesday ended the two-day winning streak in which it had advanced more than 60 points or 0.8 percent. The Jakarta Composite Index now rests just above the 7,500-point plateau although its expected to bounce higher again on Thursday. The global forecast for the Asian markets is positive on optimism over...
The Singapore stock market has moved higher in consecutive trading days, collecting more than 20 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,600-point plateau although the rally may stall on Tuesday. The global forecast for the Asian markets is soft, ahead of key economic and earnings...
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 630 points or 2.9 percent. The Taiwan Stock Exchange now rests just above the 22,700-point plateau although its likely to see renewed consolidation on Tuesday. The global forecast...
German stocks fell notably on Tuesday as investors fretted about a worsening Middle East conflict and its potential impact on oil markets, supply chains and the global economy. Traders ignored positive data that showed German industrial production expanded more than expected in August after falling in the previous month. Data from Destatis revealed that German...