The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, after the Bank of Japan policymaker Junko Nagakawa signaled about on potential interest rate hikes. The BoJ board member Nagakawa stated that the central bank may adjust the extent of its monetary easing if the economy and prices align with its...
U.K. stocks were marginally lower on Wednesday after official data showed the U.K. economy unexpectedly stagnated in July. Real gross domestic product showed nil growth for the second straight month as falls in production and construction was offset by an increase in services output, the Office for National Statistics reported. GDP was forecast to grow...
European stocks were mixed on Wednesday ahead of U.S. consumer inflation data due later in the day which could shed light on the size of a widely expected rate cut by the Federal Reserve at next weeks policy meeting. Focus was also on the European Central Bank (ECB), which is likely to reduce its own...
The Malaysia stock market headed south again on Wednesday, one day after snapping the five-day losing streak in which it had dropped more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,640-point plateau although it figures to rebound on Thursday. The global forecast for the Asian markets...
The Taiwan stock market has moved lower in three straight sessions, slumping more than 400 points or 1.9 percent along the way. The Taiwan Stock Exchange now rests just above the 21,030-point plateau although its likely to stop the bleeding on Thursday, The global forecast for the Asian markets is upbeat on optimism over the...
The China stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had given up more than 50 points or 1.9 percent. The Shanghai Composite Index now sits just above the 2,720-point plateau although its likely to bounce higher again on Thursday. The global forecast for the Asian...
The Indonesia stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had collected more than 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,760-point plateau although its expected to open to the upside on Thursday. The...
German stocks were little changed on Tuesday after rising notably in the previous session. Underlying sentiment remained supported somewhat after data showed German inflation fell to its lowest level in more than three years in August. A second estimate confirmed that the countrys inflation slowed to 2 percent in August, its lowest level since 2021...
French stocks traded higher on Tuesday while the dollar edged lower ahead of the televised U.S. presidential debate later today and inflation readings due later in the week that could influence expectations for the interest rate outlook. Upcoming ECB and Fed meetings also remained on investors radar. Analysts remain divided over whether the Federal Reserve...
U.K. stocks drifted lower on Tuesday while sterling edged up versus the euro and dollar as new data supported the view that the British economy was on a solid footing. Official data revealed that the U.K. unemployment rate dropped in the three months to July and the wage growth softened to a two-year low. The...