The European Central Bank could cut interest rates further if inflation continues to slow and the economy remains sluggish, Governing Council member Gediminas Simkus said on Monday, but he refrained from predicting the December move. Citing the projection that the Eurozone inflation will hit 2 percent next year, Simkus, who is the Lithuanian central bank...
The Singapore stock market on Monday ended the two-day winning streak in which it had advanced almost 50 points or 1.4 percent. The Straits Times Index now sits just shy of the 3,615-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the...
The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and its looking at another soft start again on Tuesday. The global forecast for the...
The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
The Thai stock market has tracked lower in two straight sessions, slipping more than 6 points or 0.4 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,490-point plateau and its looking at another soft start again on Tuesday. The global forecast for the Asian markets is negative with...
French stocks were moving higher on Friday after an ECB survey showed headline inflation in the euro zone will return to the central banks 2 percent target sooner than earlier thought. The survey is an important input in the ECBs policy deliberations. The European Central Bank lowered interest rates for the third time this year...
U.K. stocks were moving lower on Friday and the pound euro (GBP/EUR) exchange rate held near a two-and-a-half year high after data showed U.K. retail sales logged an unexpected growth in September on higher sales of technology products. Retail sales grew 0.3 percent on month in September, confounding expectations for a 0.3 percent fall. This...
The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products. Positive retail sales statistics may impact conjecture over the Bank of England (BoE) rate-cut trajectory. Data from the Office for National Statistics...
European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation. According to its quarterly survey of professional forecasters, the ECB sees inflation falling to 1.9 percent in 2025 from a previous forecast of...