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...
Canadian shares may open higher on Monday with energy and materials stocks attracting buyers thanks to firm crude oil and bullion prices. The mood is likely to remain cautious with investors looking ahead the Bank of Canadas interest rate decision, and U.S. consumer and producer price inflation data, due later in the week. Swedish miner...
The Indian government on Monday named a top bureaucrat Sanjay Malhotra as the new governor of the Reserve Bank of India. Malhotra, who is currently the revenue secretary in the Ministry of Finance, will take charge from December 11 for a period of three years. He will succeed Shaktikanta Das who has held the post...