European stocks were subdued on Wednesday as investors reassessed the ability of Chinas stimulus to boost demand. Earlier today, Chinas central bank lowered the cost of its medium-term loans to bank, in a move consistent with other broad policy to shore up growth in the worlds second-largest economy. Also, Swedens central bank has cut its...
Indian shares ended Wednesdays session higher as weak U.S. data released overnight bolstered the case for deeper rate cuts. A slew of data showed on Tuesday that U.S. consumer confidence unexpectedly fell the most in three years in September, house-price growth slowed in July and factory activity slumped more sharply in the mid-Atlantic region this...
Swedens central bank reduced its benchmark rate by a quarter point on Wednesday and hinted at two more cuts this year as policymakers focus on economic activity. The executive board of Riksbank reduced the policy rate by 25 basis points to 3.25 percent. This was the third reduction this year. Suggesting additional easing, the bank...
Indian shares may struggle for direction at open on Tuesday as investors weigh escalating tensions between Israel and Hezbollah and keep a close eye on oil price movements for direction. Israeli airstrikes on Hezbollah strongholds in Lebanon early Monday resulted in the deaths of at least 492 people, including 35 children, according to Lebanons health...
Adding to the gains in the previous three sessions, the Japanese stock market is notably higher in post-holiday trading on Tuesday, with the Nikkei 225 moving well above the 37,900 level, following the broadly positive cues from Wall Street overnight, with gains is some index heavyweights and exporter stocks. The benchmark Nikkei 225 Index closed...
At 12:30 am ET in the early Asian session on Tuesday, the Reserve Bank of Australia will announce its monetary policy decision. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent. Ahead of the RBA monetary policy decision, the Australian dollar rose against its major rivals. As of 12:25...
At 12:30 am ET in the early Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision. The RBA kept its benchmark lending rate unchanged at 4.35 percent, as expected. After the RBA monetary policy decision, the Australian dollar extended its early rise against its major rivals. As of 12:32 am...
Indian shares were flat to slightly higher on Tuesday, with metal, oil/gas and power stocks pacing the gainers. The benchmark 30-share BSE Sensex was up 37 points at 84,966 in early trade while the broader NSE Nifty index was up 14 points at 25,953. Metal stocks traded higher, with JSW Steel, Hindalco and Tata Steel...
German business sentiment continued to weaken to hit its lowest level in eight months in September, suggesting that the economy is slipping into a recession, survey results from the ifo Institute revealed Tuesday. The business confidence index fell more-than-expected to 85.4 in September from 86.6 in the previous month. The score was seen at 86.1....
The Chinese yuan strengthened against the U.S. dollar in the European session on Tuesday, after Chinas central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector. At a press conference on Tuesday, Peoples Bank of China Governor Pan Gongsheng said the bank will...