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Hong Kong Budget Focuses On Spending Cuts, Promoting AI
Hong Kong Financial Secretary Paul Chan unveiled the budget on Wednesday that largely focused on government spending cuts with minimal impact on people's livelihood and underscored the importance of artificial intelligence to enhance competitive edge. The government estimated a consolidated deficit of HK$87.2 billion for 2024-25, which was smaller than the HK$100 billion previous projection.
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Před 165 dny
FTSE 100 Advances; Convatec Rises On Strong Earnings
U.K. stocks are notably higher Wednesday morning, lifted by gains in mining and banking sectors. Slightly easing concerns over U.S. - Ukraine tensions after the two countries agreed on a minerals deal aid sentiment.
While mining stocks are up on firm copper prices, bank stocks are gaining thanks to some rating upgrades.
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Před 165 dny
CAC 40 Up Nearly 1%
French stocks are up in positive territory Wednesday morning with markets reacting positively news about U.S. and Ukraine agreeing on a minerals deal, which could help ease ongoing tensions between the two countries. Investors are also digesting some earnings updates.
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Před 165 dny
DAX Rises 1.2% As Investors React To Quarterly Earnings
Despite concerns about the impact of U.S. President Donald Trump's trade policies, German stocks are up firmly in positive territory Wednesday morning with investors reacting to quarterly earnings updates and news about Ukraine accepting an agreement on mineral rights with the U.S.
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Před 165 dny
European Shares Climb As US, Ukraine Agree To Minerals Deal
European shares held near record highs on Wednesday after the United States and Ukraine have agreed on the terms of a draft minerals deal amid ongoing talks to end the Ukraine-Russia war.
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Před 165 dny
Asian Shares Mixed; China And Hong Kong Outperform
Asian markets ended mixed on Wednesday as inflation and trade war fears offset Chinese AI optimism.
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Před 165 dny
Canadian Dollar Falls As Oil Prices Slide, U.S. Tariff Threats
The Canadian dollar weakened against other major currencies in the Asian session on Wednesday amid crude oil prices slide, as concerns about demand and oversupply in the market weighed and pushed the commodity's prices to the lowest level in about 11 weeks.
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Před 165 dny
more news
European Economic News Preview: German GfK Consumer Confidence Due
Consumer confidence survey results from Germany and France are the top economic news due on Wednesday. At 2.00 am ET, the market research group GfK releases Germany's consumer sentiment survey results. The forward-looking consumer sentiment index is forecast to improve to -21.6 in March from -22.4 in February.
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Před 165 dny
Canadian Dollar Falls Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Wednesday.
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Před 165 dny
Australia Inflation Steady At 2.5%
Australia's consumer price inflation unexpectedly remained unchanged in January supporting the case for further monetary policy easing. The consumer price index registered a steady growth of 2.5 percent in January, data from the Australian Bureau of Statistics showed on Wednesday. Prices were expected to climb 2.6 percent.
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Před 165 dny
European Shares Seen Opening Up As Nvidia Earnings Loom
European stocks may open on a steady note Wednesday as investors await earnings from AI bellwether Nvidia for more clarity about the sustainability of the once-hot artificial intelligence trade.
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Před 165 dny
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as data showing a deterioration in U.S. consumer confidence in February fueled bets on US Fed interest rate cuts this year. Worries about the potential impact of imminent tariffs by Trump administration on global economic growth limited the market's upside.
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Před 166 dny
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintaining its early losses in mid-market trading on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by mining amid tumbling metal prices.
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Před 166 dny
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