New Zealand Rate Decision On Tap For Wednesday

RTTNews | 99 days ago
New Zealand Rate Decision On Tap For Wednesday

(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity.

The RBNZ is widely expected to trim its Official Cash Rate by 50 basis points, to 4.75 percent from 5.25 percent.

Australia will see October results for the Westpac Consumer Sentiment Index; in September, the index slipped 0.5 percent on month.

Indonesia will provide August data for retail sales; in July, sales were up 4.5 percent on year.

Taiwan will release September numbers for consumer prices; in August, overall inflation rose 0.4 percent on month and 2.36 percent on year.

Finally, the markets in South Korea are closed on Wednesday for Hangul Day and will re-open on Thursday.

read more
Malaysia Bourse Expected To Snap Losing Streak

Malaysia Bourse Expected To Snap Losing Streak

The Malaysia stock market has finished lower in three straight sessions, slipping more than 40 points or 2.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,560-point plateau although it may see support on Thursday.
RTTNews | 5h 15min ago
Japan Shares May Stop The Bleeding On Thursday

Japan Shares May Stop The Bleeding On Thursday

The Japanese stock market has finished lower in five straight sessions, stumbling more than 1,630 points or 4.3 percent along the way. The Nikkei 225 now rests just beneath the 38,450-point plateau although it may find traction on Thursday.
RTTNews | 5h 30min ago
Renewed Support Anticipated For South Korea Shares

Renewed Support Anticipated For South Korea Shares

The South Korea stock market ticked lower again on Wednesday, one day after ending the two-day slide in which it had fallen almost 35 points or 1.4 percent. The KOSPI now sits just beneath the 2,500-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 5h 45min ago
TSX Up Nearly 1% As Interest Rate Concerns Drop

TSX Up Nearly 1% As Interest Rate Concerns Drop

The Canadian market is up firmly in positive territory Wednesday afternoon as U.S. consumer price inflation data has raised hopes the Federal Reserve will lower interest rates in its next meeting, or in March 2025. Technology, real estate, financials and healthcare stocks notably higher. A few stocks from consumer staples, industrials and materials sectors are also up, while shares from the rest
RTTNews | 8h 39min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note. Encouraging U.S. and UK consumer price inflation data aided sentiment.
RTTNews | 10h 8min ago
European Stocks Close On Firm Note On Encouraging Economic Data

European Stocks Close On Firm Note On Encouraging Economic Data

European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S. The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.
RTTNews | 10h 25min ago