Producer prices in Japan were up 2.7 percent on year in August, the Bank of Japan said on Wednesday - unchanged from the July reading following an upward revision from 2.6 percent. On a monthly basis, producer prices rose 0.1 percent, easing from 0.3 percent in the previous month. Excluding international transportation, producer prices were...
The Taiwan stock market has moved higher in four straight sessions, collecting almost 775 points or 3.5 percent along the way. The Taiwan Stock Exchange now sits just above the 22,430-point plateau and its expected to open to the upside again on Wednesday. The global forecast for the Asian markets is positive on continued optimism...
The China stock market has tracked higher in five straight sessions, advancing more than 150 points or 5.8 percent along the way. The Shanghai Composite now sits just above the 2,860-point plateau although its due for profit taking on Wednesday. The global forecast for the Asian markets is positive on continued optimism over the outlook...
The Hong Kong stock market moved emphatically back to the upside on Tuesday, one day after snapping the six-day winning streak in which it had surged more than 1,150 points or 6.4 percent. The Hang Seng Index now sits just above the 19,000-point plateau although its expected to see a downward correction following Tuesdays rally...
German stocks traded lower on Wednesday as the initial euphoria over Chinas sweeping stimulus measures faded. Earlier today, Swedens central bank cut its key interest rate by a quarter point and said it envisioned another two cuts this year. The benchmark DAX was down 77 points, or 0.4 percent, at 18,920 after climbing 0.8 percent...
French stocks edged lower on Wednesday after posting strong gains in the previous session on Chinas announcement of aggressive stimulus. Earlier today, Chinas central bank lowered the cost of its medium-term loans to bank, in a move consistent with other broad policy to shore up growth in the worlds second-largest economy. Meanwhile, French consumer sentiment...
U.K. stocks were little changed on Wednesday as investors reassessed the ability of Chinas stimulus to boost demand. The benchmark FTSE 100 was marginally higher at 8,287 after closing up 0.3 percent on Tuesday. Mining stocks traded mixed, while energy giants BP Plc and Shell were down around half a percent each. Property website Rightmove...
European stocks were subdued on Wednesday as investors reassessed the ability of Chinas stimulus to boost demand. Earlier today, Chinas central bank lowered the cost of its medium-term loans to bank, in a move consistent with other broad policy to shore up growth in the worlds second-largest economy. Also, Swedens central bank has cut its...
Indian shares ended Wednesdays session higher as weak U.S. data released overnight bolstered the case for deeper rate cuts. A slew of data showed on Tuesday that U.S. consumer confidence unexpectedly fell the most in three years in September, house-price growth slowed in July and factory activity slumped more sharply in the mid-Atlantic region this...
Swedens central bank reduced its benchmark rate by a quarter point on Wednesday and hinted at two more cuts this year as policymakers focus on economic activity. The executive board of Riksbank reduced the policy rate by 25 basis points to 3.25 percent. This was the third reduction this year. Suggesting additional easing, the bank...