Japan will on Wednesday release October figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to sink 0.3 percent on year after rising 2.1 percent in September. Exports are called higher by an annual 2.2 percent after slipping 1.7 percent in the previous month. The trade...
Canadian stocks tumbled Tuesday morning, hurt by hot inflation data and escalating geopolitical tensions, but recovered gradually to eventually end the days session on a slightly positive note. Data from Statistics Canada showed the annual inflation rate in Canada rose to 2% in October from an over-three-year low of 1.6% in the previous month. The...
The Singapore stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had collected more than 30 points or 0.8 percent. The Straits Times Index now sits just beneath the 3,760-point plateau and it may see additional support on Wednesday. The global forecast for the Asian markets...
Japan posted a merchandise trade deficit of 461,2 billion yen in October, the Ministry of Finance said on Wednesday. That missed forecasts for a shortfall of 360.4 billion yen following the upwardly revised 294.1 billion yen deficit in September. Exports were up 3.1 percent on year at 9.426 trillion yen - exceeding expectations for an...
The Taiwan stock market has ventured higher in two of three trading days since the end of the four-day losing streak in which it had tumbled almost 850 points or 3.6 percent. The Taiwan Stock Exchange now rests just beneath the 22,850-point plateau and it may see additional support on Wednesday. The global forecast for...
The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and its expected to open higher again on Wednesday. The global forecast for the Asian markets is mixed to higher, with support again expected...
Inflation data from the U.K. for the month of October due on Wednesday morning is expected to influence European market sentiment. The easing geopolitical tensions is likely to support sentiment whereas the Peoples Bank of Chinas decision to keep the rates unchanged is bound to pose a challenge. Annual inflation rate in the U.K. which...
The Peoples Bank of China left its benchmark lending rates unchanged on Wednesday as it monitor the impact of recent policy adjustments. The PBoC maintained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The bank had cut its both LPRs by...
UK consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. The consumer price index rose 2.3 percent on a yearly basis, following Septembers 1.7 percent increase, which was the lowest since April 2021, the Office for National Statistics reported Wednesday....
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as the crude oil prices rose amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. West...