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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as optimism surrounding China's reopening helped offset concerns about interest rates. US Fed Chair Jerome Powell refrained from commenting on monetary policy at a symposium. Asian Markets closed mixed on Tuesday.
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Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Wednesday, extending the gains in the previous three sessions, with the Nikkei 225 moving above the 26,400 level, following the broadly positive cues from Wall Street overnight, aided by gains in exporters, technology and financial stocks.
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Sensex, Nifty Poised For Steady Start Despite Global Growth Worries
Indian shares look set to open higher on Wednesday despite mixed global cues and fears of earnings downgrades. Auto stocks may see significant activity as the Auto Expo 2023 begins later today.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving to just below the 7,200 level, following the broadly positive cues from Wall Street overnight, aided by gains in mining and energy sectors amid firmer commodity prices.
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TSX Ends Higher For 3rd Straight Day
After a flat start and a subsequent marginal uptick, the Canadian market slipped into negative territory Tuesday morning, despite staying weak till about the final hour, ended the session on the positive side thanks to some selective buying interest.
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Dollar Stays Firm On Rate Hike Bets
The U.S. dollar stayed positive against most of its major counterparts on Tuesday, riding on hawkish comments from some Fed officials.
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Australia Retail Sales Data Due On Wednesday
Australia will on Wednesday release November numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Retail sales are expected to rise 0.6 percent on month after slipping 0.2 percent in October.
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more news
U.S. Stocks Rally After Early Uncertainty, Close On Firm Note
After swinging between gains and losses till a little past noon, U.S. stocks climbed higher and settled on a firm note on Tuesday.
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Canadian Market Down Marginally In Cautious Trade
The Canadian market remains quite subdued Tuesday afternoon with investors largely refraining from making significant moves while continuing to assess the likely path the Federal Reserve will take with regard to interest rate hikes.
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Swiss Market Ends On Weak Note
The Switzerland stock market ended on a weak note on Tuesday after languishing in the red right through the day's session.
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European Stocks Close Lower As Rate Hike Concerns Resurface
European stocks closed lower on Tuesday as concerns about interest rate hikes resurfaced after some Fed officials said the U.S. central bank needs to raise interest rate beyond 5% and hold it at higher levels for a longer duration in order to rein in inflation.
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U.S. Stocks Swinging Between Gains And Losses In Cautious Trade
U.S. stocks are swinging between gains and losses on Tuesday with investors digesting some speeches from Fed officials including Chairman Jerome Powell, and making largely cautious moves.
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U.S. Dollar Retreats Amid Powell's Remarks
The U.S. dollar erased some of its early gains against its major counterparts in the New York session on Tuesday, as Federal Reserve Chairman Jerome Powell abstained from commenting on monetary policy.
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