The Thai stock market has moved higher in five straight sessions, gathering more than 25 points or 1.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau although the rally may stall on Friday. The global forecast for the Asian markets is soft on ebbing optimism over the...
Indian shares look set to open on a positive note Wednesday after Wall Streets major indexes staged a comeback overnight and oil prices fell from recent highs on concerns around Chinas economic outlook. Trading later in the day may be influenced by the Reserve Bank of Indias (RBIs) monetary policy decision. Stock-specific action could be...
U.K. stocks eked out modest gains on Wednesday after reports emerged that Chinas finance ministry will convene a press conference on Saturday to introduce work on strengthening countercyclical adjustments of fiscal policy and promoting economic development. The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,220 after falling 1.4 percent on Tuesday....
European stocks were mixed on Wednesday ahead of the announcement of a government forecast that may show German GDP is set to contract in 2024. Ahead of the revised economic forecast, German Finance Minister Christian Lindner has said the countrys economy is treading water and that the government cannot be satisfied with economic development. The...
Indian shares gave up early gains to end on a flat note Wednesday as Chinas stimulus rally fizzled out, the conflict in the Middle East persisted and investors awaited Federal Reserve meeting minutes as well as U.S. inflation data for interest rate clues. Earlier in the day, the Reserve Bank of India (RBI) left the...
Billionaire Elon Musks social media platform X has been cleared by Brazils Supreme Court to resume services in the South American country after it had complied with the given orders and paid the imposed fine. The platform, formerly known as Twitter, now has settled R$28.6 million or $5.2 million as fines, blocked profiles that disseminated...
The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to...
Canadian shares may open a bit weak on Wednesday, weighed down by lower metal prices and caution ahead of the release of the minutes from the Federal Reserves most recent policy meeting. Alimentation Couche-Tard Inc (ATD.TO) will be in focus on reports Japans Seven & I Holdings received a revised takeover bid of around $47...
Producer prices in Japan were unchanged in September, the Bank of Japan said on Thursday - versus expectations for a decline of 0.3 percent following the 0.2 percent drop in August. On a yearly basis, producer prices rose 2.8 percent - exceeding forecasts for an increase of 2.3 percent and up from 2.6 percent in...
The value of overall bank lending in Japan was up 2.7 percent on year in September, the Bank of Japan said on Thursday - coming in at 624.24 trillion yen. That was shy of expectations for an increase of 2.9 percent and down from 3.0 percent in August. Excluding trusts, lending was up an annual...