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Asian Shares Mostly Higher Despite Growth Concerns
Asian stocks rose broadly on Tuesday even as rising oil prices revived worries about inflation and weak U.S. manufacturing data added to the gloom surround the U.S. economy.
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RBA Pauses Monetary Policy Tightening
Australia's central bank decided to halt its monetary policy tightening in order to assess the full impact of the cumulative 350 basis points increase since last May but policymakers pointed out that some further tightening may be needed to bring inflation back to the target. The board of the Reserve Bank of Australia left the cash rate target unchanged at 3.60 percent.
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Branson's Virgin Orbit Files For Bankruptcy Protection; Sale Process On
Richard Branson's Virgin Orbit Holdings, which has been struggling to keep up its operations after failing to find required funding, has filed for Chapter 11 bankruptcy. The space launch provider plans to continue the sale process under the Chapter 11 protection to provide clarity on its future. The company's latest issues started with a rocket failure in January that added to its severe financial
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Australian Dollar Falls As RBA Keeps Policy Unchanged
The Australian dollar came under pressure against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia Governor Philip Lowe has kept the Official Cash Rate (OCR) unchanged at 3.6 percent. The outcome of the meeting matched economists' expectations.
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Euro Little Changed After German Trade Data
At 2:00 am ET Tuesday, Destatis issued Germany's foreign trade figures for February.
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Euro Mixed Ahead Of German Trade Data
At 2:00 am ET Tuesday, Destatis is scheduled to issue Germany's foreign trade figures for February. Exports are expected to climb 1.6 percent on month, slower than the 2.1 percent rise in January.
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European Shares Seen Tad Higher At Open
European stocks may open a tad higher on Tuesday despite concerns that higher oil prices may add to inflationary pressures and provide more of a dampening effect on the global economy.
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more news
European Economic News Preview: Germany Foreign Trade Data Due
Foreign trade data from Germany and unemployment from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade figures for February. Exports are expected to climb 1.6 percent on month, slower than the 2.1 percent rise in January.
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vor 863 Tagen
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Australian Dollar Slides After RBA Rate Decision
The Reserve Bank of Australia released its monetary policy decision at 12:30 am ET in the Asian session on Tuesday. At the meeting, the Board decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent.
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Australian Dollar Mixed Ahead Of RBA Rate Decision
The Reserve Bank of Australia will release its monetary policy decision at 12:30 am ET in the Asian session on Tuesday. The RBA is widely expected to hike its benchmark lending rate by 25 basis points, from 3.60 percent to 3.85 percent.
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vor 863 Tagen
Asian Markets Mostly Higher As Crude Oil Spikes
Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, aided by gains in energy stocks amid stronger oil prices after OPEC+ announced a surprise production cut of more than 1 million barrels a day. However, technology stocks ebbed on fears over the outlook for interest rates. Asian markets closed mixed on Monday.
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vor 863 Tagen
Indian Markets Closed For Public Holiday
Indian markets remain closed today on account of Mahavir Jayanti.
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vor 863 Tagen
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