South Korea Interest Rate Decision Due On Friday
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 3.50 percent.
Japan will release September figures for its M2 money stock, with forecasts suggesting an increase of 1.5 percent on year - up from 1.3 percent in August.
Malaysia will see August figures for industrial production; in July, production was up 5.3 percent on year.
Finally, the markets in Hong Kong are closed on Friday for the Double Ninth Festival and will re-open on Monday.
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Quaker Oats Recalls Pearl Milling Original Pancake & Waffle Mix
Quaker Oats Co., affiliated to food and beverage giant PepsiCo, Inc., is recalling select Pearl Milling Co. Original Pancake & Waffle Mix distributed in 11 states, citing the possible presence of undeclared milk, a known allergen. According to the U.S. Food and Drug Administration, the recall involves a limited number of two pound boxes of Pearl Milling Original Pancake & Waffle Mix.
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6h 46min ago
European Economic News Preview: UK GDP Data Due
GDP monthly estimates and foreign trade from the UK and final inflation from Germany are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. Economists forecast the economy to grow 0.2 percent on month in November, in contrast to the 0.1 percent fall in October.
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6h 54min ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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7h 0min ago
Bank Of Korea Unexpectedly Keeps Key Rate Unchanged
Bank of Korea unexpectedly maintained its key interest rate on Thursday despite political unrest intensifying downside risks to economic growth and increased volatility in the won exchange rate. After two back-to-back cuts, the Monetary Policy Board decided to hold the base rate at 3.00 percent, while markets widely expected a quarter-point reduction.
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7h 25min ago
European Shares Seen Broadly Lower At Open
European stocks are seen opening a tad lower on Thursday after a sharp rally in the previous session.
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7h 41min ago
Sensex, Nifty Modestly Higher In Cautious Trade
Indian shares opened on a positive note Thursday as investors cheered a soft U.S. inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.
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8h 43min ago
Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, after data showing a slowdown in the annual rate of core consumer prices growth in the U.S. in December helped ease concerns about US Fed's interest rate trajectory. The currencies in the region also strengthened against the US dollar. Asian Markets closed mostly lower on Wednesday.
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9h 50min ago
Australian Market Trims Early Strong Gains In Mid-market
The Australian stock market slightly trims early strong gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains is gold miners, technology and financial stocks.
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10h 29min ago
