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...
French stocks rose on Monday as investors cheered signs of fresh stimulus measures in China. The Politburo, a top decision-making body led by President Xi Jinping, said today it will stabilize property and stock markets while strengthening the unconventional counter-cyclical adjustment. Investors also monitored the flare-up of tensions in Syria and awaited a European Central...
Google has filed a lawsuit against the U.S. consumer finance regulator, which placed the tech majors payment unit under federal supervision, reports said. Earlier on Friday, the Consumer Financial Protection Bureau or CFPB announced its order to supervise Google Payment Corp., which could result in routine inspections and monitoring like those imposed on banks. CFPB...
U.K. stocks were moving higher on Monday after Chinas leaders pledged more proactive fiscal and monetary policies next year to boost domestic consumption. The upside remained capped as a new report revealed that U.K. business confidence has fallen to its lowest level since January 2023. According to data released by business advisory firm BDO, the...
European stocks rose for an eighth consecutive session on Monday, with China-related miners, luxury goods makers and automotive companies leading the surge. 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...
Indian shares ended slightly lower on Monday as heightened geopolitical tensions in the Middle East offset bets of a Federal Reserve rate cut later this month. Also helping cap the downside, Chinas top leaders have pledged to loosen monetary policy and provide more support for the slowing economy. In geopolitical news, the anti-government rebels on...
Eurozone investor confidence deteriorated in December as the weakness of the German economy together with the political crisis in France dragged down the EU economy, results of the Sentix survey showed Monday. The Sentix investor confidence index for Eurozone fell to -17.5 from -12.8 in November, the behavioral research think tank said. This was the...