The Australian stock market is extending its gains in mid-market trading on Monday, after snapping the five-session losing streak, with the benchmark S&P/ASX 200 index still staying well above the 8,300.00 level, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks amid weaker commodity prices. The benchmark S&P/ASX...
Indian shares opened lower on Tuesday as caution crept in ahead of the Federal Reserves interest-rate decision on December 18. The benchmark S&P/BSE Sensex dropped 493 points, or 0.6 percent, to 81,255 in early trade while the broader NSE Nifty index was down 150 points, or 0.6 percent at 24,519. Among the prominent decliners, Bharti...
European stocks are likely to open on a subdued note Tuesday as investors look ahead to key central bank meetings across the globe. A total of 22 central banks are set to announce their monetary policy decisions this week, including the U.S. Federal Reserve, Bank of Japan and Bank of England. The Fed will announce...
European stocks hit two-week lows on Tuesday as investors looked ahead to a slew of major central bank decisions later in the week and watched closely the latest political developments in Germany and France. The single European currency remained near the 1,05 level, a day after a survey showed business activity in the eurozone declined...
Alibaba Group Holding Limited announced its agreement to sell Intime department store chain in China to textile and apparel company Youngor Group-led consortium in around RMB 7.4 billion or $1.0 billion deal. The online marketplace company, which currently holds 99 percent stake in Intime, expects to record losses of around RMB 9.3 billion or $1.3...
Indian shares tumbled on Tuesday as caution gripped markets ahead of the Federal Reserves interest-rate decision. The Fed will announce its last move on interest rates for the year on Wednesday and it is likely that the main rate will be cut for a third straight time. A 25-bps rate cut is already priced in...
Business sentiment in Germany fell to the weakest level since 2020 in December as firms were more skeptical about the economic outlook, survey results from the ifo Institute showed on Tuesday, amid the prospect of trade rifts with the U.S. and the uncertainty surrounding domestic economic policies. The ifo business climate index fell to 84.7...
The British pound strengthened against other major currencies in the European session on Tuesday, after the U.K. labor market data for the three months ending October showed robust wage growth, signaling that the Bank of England will hold off cutting interest rates on Thursday. Data from the Office for National Statistics showed that the unemployment...
The euro area trade surplus declined in October largely due to the rebound in imports, data from Eurostat showed on Tuesday. The trade surplus fell to EUR 6.8 billion in October from EUR 9.4 billion a year ago. This was also below Septembers level of EUR 11.6 billion. The fall in surplus reflects a reduction...
Economic sentiment in Germany unexpectedly rebounded in December to its highest level in four months as financial market experts turned optimistic on the announcement of snap elections in February next year and the prospect of more interest rate cuts from the European Central Bank, results of a survey by the think tank ZEW showed Tuesday....