European stocks were broadly lower on Wednesday as investors digested a slew of disappointing earnings updates and awaited a European Central Bank policy meeting on Thursday for directional cues. Markets currently eye two more rate cuts from the euro areas central bank this year amid a weak growth outlook and lower inflation. The pan-European STOXX...
The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting. Data from the Office for National...
Indian shares closed lower on Wednesday, with continued foreign fund outflows, reduced bets on larger Fed rate cuts and disappointing earnings updates from the likes of LVMH and ASML Holding weighing on markets. The downside, nevertheless, remained capped after oil prices succumbed to heavy selling pressure the previous day following reports that an Israeli strike...
The Bank of Thailand unexpectedly lowered its policy interest rate for the first time in more than four years, as inflation is projected to return towards the target range by the end of this year. The Monetary Policy Committee voted 5-2 to cut the policy rate by 25 basis points to 2.25 percent. Two committee...
Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September. The Labor Department said import prices fell by 0.4 percent in September after slipping by a revised 0.2 percent in August. The decline matched...
Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal 2025, as the drug store chain is facing a challenging U.S. retail environment amid increasing competition. The move, which was announced while reporting a significantly wider net loss in its fourth quarter, is expected...
The Taiwan stock market on Wednesday halted the four-day winning streak in which it had surged more than 680 points or 3.2 percent. The Taiwan Stock Exchange now rests just above the 23,000-point plateau although its expected to open in the green on Thursday. The global forecast for the Asian markets suggests mild upside on...
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in September, the Australian Bureau of Statistics said on Thursday. That was below estimates for 4.2 percent, which would have been unchanged from the August reading. The Australian economy added 64,100 jobs last month, blowing away forecasts for an increase of 25,200...
The Hong Kong stock market has moved lower in three straight sessions, stumbling almost 880 points or 4.2 percent along the way. The Hang Seng Index now sits just shy of the 20,290-point plateau although its due for support on Thursday. The global forecast for the Asian markets suggests mild upside on optimism ahead of...
The Indonesia stock market has tracked higher in four straight sessions, climbing more than 160 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,650-point plateau and it may add to its winnings again on Thursday. The global forecast for the Asian markets suggests mild upside on optimism...