Germanys industrial output decreased unexpectedly in October on weak energy and auto production, darkening economic outlook, official data revealed on Friday. Industrial output registered a 1.0 percent decrease in October, data from Destatis showed. The decline confounded expectations for an increase of 1.0 percent. Production was down by revised 2.0 percent in September. On a...
European stocks traded higher for a seventh straight session on Friday amid optimism that a new French budget could be passed within a matter of weeks. French President Emmanuel Macron said he will appoint a new prime minister in the coming days and will get the 2025 budget adopted by parliament. Meanwhile, investors also awaited...
Indian shares fluctuated before ending marginally lower on Friday as the Reserve Bank of India (RBI) left its key interest rates unchanged for the eleventh straight session but reduced the cash reserve ratio by 50 basis points to boost liquidity. This was the first CRR reduction since March 2020. The central bank downgraded its real...
UK house prices growth accelerated unexpectedly in November as easing mortgage rates boosted buyer confidence, mortgage lender Halifax said Friday. House prices grew at a pace of 1.3 percent month-on-month, while the rate was forecast to slow to 0.3 percent from 0.4 percent in October. Moreover, prices increased for the fifth month in a row...
The Japanese stock market on Friday halted the four-day winning streak in which it had advanced almost 1,200 points or 3.2 percent. The Nikkei 225 now sits just shy of the 39,100-point plateau although it may tick higher on Monday. The global forecast for the Asian markets is flat to higher on optimism over the...
The Malaysia stock market on Friday wrote a finish to the four-day winning streak in which it had climbed more than 20 points or 1.2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau and its likely to see little movement on Monday. The global forecast for the Asian markets is...
The Singapore stock market on Friday ended the six-day winning streak in which it had advanced more than 110 points or 3 percent. The Straits Times Index now rests just beneath the 3,800-point plateau although it may see renewed support on Monday. The global forecast for the Asian markets is flat to higher on optimism...
Japans gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Cabinet Office said on Monday - exceeding expectations for an increase of 0.2 percent following the upwardly revised 0.5 percent increase in the three months prior (originally 0.2 percent). On an annualized basis, GDP rose 1.2...
Japan posted a current account surplus of 2.456 trillion yen in October, the Ministry of Finance said on Monday - down 13 percent from a year earlier. That beat forecasts for a surplus of 2.318 trillion yen and was up from 1.717 trillion yen in September. Exports were up 2.9 percent on year at 9.365...
Overall bank lending in Japan was up 3.0 percent on year in November, the Bank of Japan said on Monday - coming in at 626.923 trillion yen. That exceeded expectations for an increase of 2.6 percent, which would have been unchanged from the October reading. Excluding trusts, lending was up an annual 3.3 percent to...