Australia Home Loan Data Due On Wednesday
(RTTNews) - Australia will on Wednesday release December data for home loans, highlighting a light day for Asia-Pacific economic activity. In November, home loans were up 0.1 percent on month and investment lending slipped 1.0 percent.
Japan will see January results for M2 money stocks and machine tool orders. The M2 (1.3 percent) and tool orders (11.2 percent) are both expected to be unchanged.
Indonesia will provide December numbers for retail sales; in November, sales were up 0.9 percent on year.
Finally, the markets in Thailand are closed on Wednesday for Makha Bucha Day and will re-open on Thursday.
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European Shares Likely To Open On Steady Note Before US Inflation Test
European stocks look set to open on a firm note Wednesday as investors await U.S. CPI data and Fed Chair Jerome Powell's testimony before the House Financial Services Committee later in the day for more insight on interest rates, trade tariffs and economic outlook.
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5h 5min ago
Sensex, Nifty Extend Losses On Trade War Fears
Indian shares were sharply lower on Wednesday on fears of a trade war and potential inflation.
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5h 57min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious amid raising fears of a brewing global trade war and its impact on inflation. They also reacted to US Fed Chair Jerome Powell's cautious remarks on interest-rate cuts and awaited the release of U.S. CPI data for additional clues on future monetary policy.
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7h 10min ago
Australian Market Turns To Green In Mid-market
The Australian stock market turns to green in mid-market trading on Wednesday after opening in the red, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,500 level, following the mixed cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in mining and technology stocks.
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7h 38min ago
Sensex, Nifty Set For Muted Open
Indian shares look set to open on a positive note Wednesday, though volatility cannot be ruled out in the wake of lingering concerns over ongoing foreign fund outflows, signs of slowing corporate earnings growth and geopolitical tensions involving Israel and Hamas.
RTTNews
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8h 1min ago
Indonesia Stock Market May End Losing Streak
The Indonesia stock market has finished lower in five straight sessions, slumping more than 540 points or 7.9 percent in that span. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's overdue for support on Wednesday.
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9h 6min ago
Japanese Market Modestly Higher
The Japanese stock market is modestly higher in post-holiday trading on Wednesday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,800 level, with gains index heavyweights, exporter and technology stocks partially offset by weakness in automakers and financial stocks.
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9h 12min ago
Mild Upside Seen For Hong Kong Stock Market
The Hong Kong stock market on Tuesday ended the three-day winning streak in which it had rallied more than 820 points or 3.9 percent. The Hang Seng Index now rests just beneath the 21,300-point plateau and it's looking at a steady start for Wednesday's trade.
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9h 19min ago
