Indian shares may struggle for direction at open on Tuesday as investors weigh escalating tensions between Israel and Hezbollah and keep a close eye on oil price movements for direction. Israeli airstrikes on Hezbollah strongholds in Lebanon early Monday resulted in the deaths of at least 492 people, including 35 children, according to Lebanons health...
Adding to the gains in the previous three sessions, the Japanese stock market is notably higher in post-holiday trading on Tuesday, with the Nikkei 225 moving well above the 37,900 level, following the broadly positive cues from Wall Street overnight, with gains is some index heavyweights and exporter stocks. The benchmark Nikkei 225 Index closed...
At 12:30 am ET in the early Asian session on Tuesday, the Reserve Bank of Australia will announce its monetary policy decision. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent. Ahead of the RBA monetary policy decision, the Australian dollar rose against its major rivals. As of 12:25...
At 12:30 am ET in the early Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision. The RBA kept its benchmark lending rate unchanged at 4.35 percent, as expected. After the RBA monetary policy decision, the Australian dollar extended its early rise against its major rivals. As of 12:32 am...
Indian shares were flat to slightly higher on Tuesday, with metal, oil/gas and power stocks pacing the gainers. The benchmark 30-share BSE Sensex was up 37 points at 84,966 in early trade while the broader NSE Nifty index was up 14 points at 25,953. Metal stocks traded higher, with JSW Steel, Hindalco and Tata Steel...
German business sentiment continued to weaken to hit its lowest level in eight months in September, suggesting that the economy is slipping into a recession, survey results from the ifo Institute revealed Tuesday. The business confidence index fell more-than-expected to 85.4 in September from 86.6 in the previous month. The score was seen at 86.1....
The Chinese yuan strengthened against the U.S. dollar in the European session on Tuesday, after Chinas central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector. At a press conference on Tuesday, Peoples Bank of China Governor Pan Gongsheng said the bank will...
Indian shares fluctuated before ending little changed on Tuesday as signs of escalating Middle East tensions offset expectations for more U.S. rate cuts and Chinas stimulus announcements. Oil prices jumped more than 2 percent in European trade after Israel launched its biggest aerial offensive against Iran-backed Shite militant group Hezbollah. Israels military said today it...
Australias central bank left its interest rate unchanged at a 12-year high for the seventh straight meeting as widely expected and vowed not to cut interest rates in the near-term as returning inflation to target remains the highest priority. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to maintain...
Aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists, has come out with its improved best and final offer with a larger pay hike and bonuses, urging the employees to ratify by September 27. Meanwhile, Boeings largest union, The International Association of Machinists and Aerospace Workers or IAM, declined to...