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Japan Trade Data On Tap For Wednesday
(RTTNews) - Japan will on Wednesday release November numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
Imports are expected to sink 8.6 percent on year after dropping 12.5 percent in October. Exports are called higher by an annual 1.5 percent, easing from 1.6 percent in the previous month. The trade deficit is pegged at 962.4 billion yen following the 661.0 billion yen shortfall a month earlier.
Taiwan will see November figures for export orders; in October, orders were down 4.6 percent on year.
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Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
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48 minutos atrás
Swiss Market Ends Marginally Down
After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
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1h 15min atrás
European Markets Close Mixed After Cautious Session
European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.
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1h 44min atrás
Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate
Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.
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3h 11min atrás
Bank Of Canada Lowers Interest Rates By A Quarter Point
After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.
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3h 52min atrás
U.S. Housing Starts Pull Back Much More Than Expected In August
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
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4h 52min atrás
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
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6h 3min atrás
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
RTTNews
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6h 35min atrás
