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Forex News
Bank Of Korea Raises Key Rate By 50 Bps
South Korea's central bank lifted its key interest rates on Wednesday, citing tightening stance of the US Federal Reserve and stubbornly high inflation. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 3.00 percent from 2.50 percent, as widely expected.
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930 days ago
European Shares Seen Opening Little Changed Amid BoE Speculation
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses.
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930 days ago
European Economics Preview: UK GDP Data Due
Monthly GDP, industrial production and foreign trade reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for August. The economy is forecast to remain flat on month, following a 0.2 percent rise in July.
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930 days ago
Sensex, Nifty Marginally Higher In Early Trade; Metal Stocks Subdued
Indian shares opened on a positive note Wednesday after three days of losses.
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930 days ago
Asian Markets Mostly Lower On Weak Global Cues
Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from global markets overnight, due to continuing concerns about rising interest rates and economic slowdown. A downward revision in the global economic growth forecast by the International Monetary Fund also weighed on the markets. Asian Markets closed mostly lower on Tuesday.
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930 days ago
Sensex, Nifty Seen Higher At Open; Inflation Data Eyed
Singapore Nifty futures indicate a positive start for Indian markets after recent losses. Underlying sentiment, however, may remain cautious amid growing risk aversion stemming from the U.S. rate hike fears and escalating geopolitical tensions.
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930 days ago
Losing Streak May Continue For Thai Stock Market
The Thai stock market has moved lower in three straight sessions, sinking more than 25 points or 1.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,560-point plateau and it's likely to extend its losses on Wednesday.
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930 days ago
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Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous two sessions, with the Nikkei 225 below the 26,400 level, following the broadly negative cues from global markets overnight, with weakness in technology stocks and exporters. A downward revision in the global economic growth forecast by the International Monetary Fund also weighed.
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930 days ago
Losing Streak May Continue For Indonesia Shares
The Indonesia stock market has ended lower in three straight sessions, sliding almost 140 points or 2 percent along the way. The Jakarta Composite Index now rests just beneath the 6,940-point plateau and it's expected to open in the red again on Tuesday.
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930 days ago
Australian Market Slightly Higher
The Australian stock market is slightly higher in choppy trading on Wednesday, recouping some of the losses in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 6,600 level, despite the broadly negative cues from global markets overnight, with gains in financial stocks. Traders also picked up battered stocks at a bargain following the recent market weakness.
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930 days ago
Oversold Hong Kong Bourse Still Called To Open Lower
The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 1,250 points or 7 percent along the way. Now at a fresh 11-year low, the Hang Seng Index sits just above the 16,830-point plateau and it's tipped to open under pressure again on Wednesday.
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930 days ago
Renewed Selling Pressure Expected For China Stock Market
The China stock market on Tuesday halted the four-day losing streak in which it had stumbled more than 115 points or 3.9 percent. The Shanghai Composite Index now sits just beneath the 2,980-point plateau although it's likely to head south again on Wednesday.
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930 days ago
Tech Shares Likely To Weigh On Taiwan Stocks
The Taiwan stock market has finished lower in two straight sessions, plummeting almost 800 points or 6 percent along the way. The Taiwan Stock Exchange now rests just above the 13,100-point plateau and it's predicted to see continued consolidation on Wednesday.
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930 days ago
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