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Australian Dollar Falls After Inflation Data

Australian Dollar Falls After Inflation Data

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as the nation's inflation report spurred expectations among the traders that the Reserve Bank of Australia is likely to maintain its interest rates steady at its monetary policy meeting due next week.
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European Economic News Preview: Eurozone Inflation Data Due

European Economic News Preview: Eurozone Inflation Data Due

Flash inflation from the euro area and unemployment from Germany are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to publish Germany's import prices and unemployment data. Import prices are expected to rise 0.5 percent annually in June, in contrast to the 0.4 percent fall in May.
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European Shares Seen Opening Up On China Stimulus Hopes

European Shares Seen Opening Up On China Stimulus Hopes

European stocks are likely to open on a firm note Wednesday after official data showed China's manufacturing activity shrank for the third consecutive month in July, fueling bets on more stimulus measures.
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Sensex, Nifty Open Higher On China Stimulus Hopes

Sensex, Nifty Open Higher On China Stimulus Hopes

Indian shares opened on a positive note Wednesday, tracking firm cues from other Asian markets on expectations for more stimulus from Beijing to bolster its struggling economy.
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Yen Retreats After BoJ Rate Decision

Yen Retreats After BoJ Rate Decision

At 11:55 pm ET in the early Asian session on Wednesday, the Bank of Japan announced its monetary policy decision to raise interest rate around 0.25%.
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Asian Markets Trade Mostly Higher

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 optimistic about the outlook for interest rates as they cautiously await the US Fed's monetary policy announcement later in the day. Asian markets closed mostly lower on Tuesday.
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Sensex, Nifty Seen Flat To Higher At Open

Sensex, Nifty Seen Flat To Higher At Open

Indian shares look set to open a tad higher on Wednesday, tracking mixed global cues and a continued fall in oil prices, which slid about 1 percent to settle at a seven-month low on Tuesday on worries that demand from China could be weakening.
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Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, giving up some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness index heavyweights, exporters and technology stocks partially offset by gains in financial stocks.
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Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in two straight sessions, advancing more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,310-point plateau and it's expected to open under pressure on Wednesday.
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Australia Consumer Prices Rise 1.0% In Q2

Australia Consumer Prices Rise 1.0% In Q2

Consumer prices in Australia were up 1.0 percent on quarter in the second quarter of 2024, the Australian Bureau of Statistics said on Wednesday - unchanged and in line with expectations.
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China Manufacturing PMI Weakens In July - NBS

China Manufacturing PMI Weakens In July - NBS

The manufacturing sector in China continued to contract in July, and at a slightly faster rate, the latest survey from the National Bureau of Statistics revealed on Wednesday with a manufacturing PMI score of 49.4.
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