German stocks were little changed on Wednesday as investors awaited the release of euro area final inflation numbers, followed by the much-anticipated Federal Reserves decision on interest rates later in the day. The U.S. central bank is likely to deliver the first cut to interest rates in more than four years but there is a...
French stocks were a tad lower on Wednesday after strong U.S. retail sales data released overnight dampened expectations of large rate cuts by the Federal Reserve. The release of euro area final inflation numbers as well as the much-anticipated Federal Reserves decision on interest rates may influence trading sentiment as the day progresses. The benchmark...
U.K. stocks traded lower on Wednesday as investors weighed the latest inflation data. The U.K. headline consumer inflation gained 2.2 percent from a year ago in August, the same rate as seen in July, the Office for National Statistics reported. However, price growth in the services sector picked up, cementing expectations that the Bank of...
European stocks fell from a two-week high on Wednesday as investors reacted to the latest euro zone and U.K. inflation data. Eurostat confirmed that the euro area annual inflation rate was 2.2 percent in August 2024, down from 2.6 percent in July. The U.K. headline consumer inflation gained 2.2 percent from a year ago in...
Indonesias central bank lowered its key interest rates unexpectedly on Wednesday to spur economic growth as inflation remains well within the target range amid strengthening rupiah exchange rate. The Board of Governors of Bank Indonesia, headed by Perry Warjiyo decided to cut the seven-day reverse repo rate by 25 basis points to 6.00 percent. This...
Indian shares gave up early gains to end modestly lower on Wednesday as investors waited for the U.S. Federal Reserves first cut to interest rates in more than four years. The odds of a super-sized Federal Reserve interest rate cut later in the day have diminished after data showed U.S. retail sales unexpectedly rose in...
Canadian stocks are likely to open on a subdued note Wednesday. The focus will be on the Federal Reserves monetary policy announcement, due later in the day. The Fed is widely expected to lower interest rates, but it is the size of reduction and the accompanying statement, which are in focus. In Canadian company news,...
The Malaysia stock market on Wednesday wrote a finish to the three-day winning streak in which it had gathered more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,660-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is negative...
The Singapore stock market on Wednesday snapped the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just above the 3,590-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is negative after the Federal Reserve announced...
The Taiwan stock market on Wednesday halted the three-day winning streak in which it had rallied more than 810 points or 3.9 percent. The Taiwan Stock Exchange now sits just beneath the 21,680-point plateau and its likely to open in the red again on Thursday. The global forecast for the Asian markets is negative after...