Industrial production from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany wholesale prices for May. Economists expect wholesale prices to grow 0.3 percent on month, following a 0.4 percent gain in April. Half...
European stocks look set to open a tad lower on Thursday after seeing strong gains the previous day on optimism over easing inflationary pressures in the world\'s largest economy. Traders are still betting on two interest-rate cuts in 2024 despite the Fed\'s projection for one rate cut this year. Markets await more U.S. economic data...
Producer prices in Japan were up 0.7 percent on month in May, the Bank of Japan said on Wednesday. That exceeded expectations for an increase of 0.4 percent and was up from the upwardly revised 0.5 percent gain in April (originally 0.3 percent). On a yearly basis, producer prices climbed 2.4 percent - again topping...
The Indonesia stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped almost 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 6,850-point plateau and it\'s likely to remain in that neighborhood...
Consumer prices in China were up 0.3 percent on year in May, the National Bureau of Statistics said on Wednesday. That was shy of expectations for 0.4 percent and unchanged from the previous month. On a monthly basis, inflation fell 0.1 percent versus forecasts for a flat reading after rising 0.1 percent in April. The...
The Thai stock market has moved lower in back-to-back sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,315-point plateau and it\'s likely to see little movement on Wednesday. The global forecast for the Asian markets suggests little movement ahead of key...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened most major currencies in the Asian session on Wednesday, as traders await the U.S. inflation report and the Federal Reserve decision later in the day. Economists expect consumer prices to inch up by 0.1 percent in May after climbing by 0.3...
U.K. stocks advanced on Wednesday ahead of the release of key U.S. inflation data and the Federal Reserve\'s interest-rate decision due later in the day. Meanwhile, the U.K. economy stagnated in April as growth in services output was offset by falls in both production and construction output, the Office for National Statistics said earlier today....
European stocks traded higher on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. The euro held steady while French 10-year bonds snapped four days of losses. Euro zone government bond yields dropped after having...
Indian shares eked out modest gains on Wednesday ahead of industrial output and inflation data, due out later in the day. The rupee was unchanged and global cues were mixed as traders await the release of U.S. inflation data as well as the Federal Reserve\'s rate decision later in the day for additional clues on...