Producer prices in Japan were up 0.2 percent on month in October, the Bank of Japan said on Wednesday. That exceeded expectations for a flat reading and was down from the upwardly revised 0.3 percent in September (originally flat). On a yearly basis, producer prices climbed 3.4 percent - again beating forecasts for 2.9 percent...
Indian shares may drift lower on Wednesday as investors react to weak global cues and signs of rising domestic inflation. Global sentiment remains fragile due to uncertainty over U.S.-President-election Trumps policy stance and Feds policy. Indias consumer price inflation accelerated in October to the highest level more than a year amid rising food costs, data...
Indian shares followed global peers lower on Wednesday as uncertainty prevailed over U.S.-President-election Trumps policy stance and Feds policy. Sentiment was also dented after official data showed Indias consumer price inflation accelerated in October to the highest level more than a year amid rising food costs. Consumer prices surged 6.21 percent on a yearly basis...
European stocks look set to open on a mixed note Wednesday, after having suffered heavy losses in the previous session amid much uncertainty over how U.S.-President-elect Trumps tariff proposals and Feds restrictive monetary policy will impact markets. Fed Minneapolis President Neel Kashkari on Tuesday said hell be watching the inflation data closely to determine how...
Asian stocks hit two-month lows on Wednesday as investors fretted about the impact of U.S. President-elect Trumps proposed tariffs on inflation and interest rates. Trumps choice of China hawks in his Cabinet and Chinas faltering growth also kept investors on the sidelines. U.S. Treasury yields pushed higher and the dollar rally gained further momentum as...
Shares of Rivian Automotive, Inc. gained around 10 percent in the extended trading on Nasdaq on Tuesday after the electric vehicle maker announced a joint venture partnership with German auto major Volkswagen Group, with a total deal size of up to $5.8 billion. The new joint venture, Rivian and VW Group Technology, LLC, is intended...
German stocks traded higher on Wednesday as investors reacted to upbeat earnings news and awaited U.S. consumer price inflation data later in the day for directional cues. The benchmark DAX was up 33 points, or 0.2 percent, at 19,067 after losing 2.1 percent on Tuesday. The upside was capped due to unease over a jump...
French stocks edged up slightly on Wednesday, after having suffered heavy losses in the previous session amid concerns that Donald Trumps protectionist policies would put upward pressure on inflation and hamper global growth. The benchmark CAC 40 was up 8 points, or 0.1 percent, at 7,235 after tumbling 2.7 percent the previous day. Eurozone bond...
U.K. stocks were slightly higher on Wednesday ahead of the release of October U.S. CPI data later in the day. The benchmark FTSE 100 was up 26 points, or 0.3 percent, at 8,051 after falling 1.2 percent on Tuesday. Miners traded higher, with Glencore and Antofagasta climbing 1-2 percent. Smiths Group shares jumped more than...
European stocks recovered some ground on Wednesday, after having suffered heavy losses in the previous session amid concerns that Donald Trumps protectionist policies would put upward pressure on inflation and hamper global growth. Eurozone bond yields pushed higher as investors awaited key U.S. consumer and producer inflation readings this week for hints of a possible...