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China Yuan Loan Data Due On Thursday
(RTTNews) - China will on Thursday release October data for new yuan loans, highlighting a light day for Asia-Pacific economic activity.
New loans are forecast at CNY800 billion, down from CNY2.470 trillion in September. The M2 money supply is expected to ease to 12 percent on year from 12.1 percent in the previous month, while outstanding loan growth is seen steady at 11.2 percent.
Australia will provide November numbers for its inflation forecast; in October, consumer prices were seen higher by an annual 5.4 percent.
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Commodity Currencies Slide Amid Risk-off Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded lower with steep losses in Japan, Singapore and Taiwan as traders remain concerned about rising tensions between the U.S. and China amid the new reciprocal tariffs on imports into the U.S. The steeper-than-expected tariffs ignited fears over an economic recession globally.
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17 minutes ago
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.
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56 minutes ago
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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1h 5min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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1h 27min ago
European Shares Likely To Drift Lower As Trump's Tariffs Take Effect
European shares are seen opening sharply lower on Wednesday as the latest set of U.S. tariffs, including a massive 104 percent levy on Chinese imports, take effect today, leaving investors worried about the impact on inflation, interest rates and global growth.
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2h 5min ago
Sensex, Nifty Open Lower As Trump's New Tariffs Go Into Effect
Indian shares opened slightly lower on Wednesday as China and the United States moved towards an all-out trade war.
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3h 0min ago
Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as expected on Wednesday, and hinted at further easing as recent increases in trade tariffs pose downside risks to economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.50 percent, which was the lowest since October 2022.
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3h 13min ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market trading on Wednesday, reversing the strong gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 7,500 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by mining and technology stocks.
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4h 12min ago
