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Malaysia Stock Market May Spin Its Wheels On Thursday
The Malaysia stock market has ticked higher in back-to-back sessions, collecting more than 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,410-point plateau although the rally may stall on Thursday.
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vor 883 Tagen
KOSPI May Slide Back Beneath 2,400-Point Level
The South Korea stock market has finished higher in two straight sessions, gathering more than 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,415-point plateau although it may run out of steam on Thursday.
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vor 883 Tagen
Singapore Inflation Data Due On Thursday
Singapore will on Thursday release February figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Overall inflation is expected to rise 6.5 percent on year, easing from 6.6 percent in January. Core CPI is called higher by an annual 5.80 percent, up from 5.50 percent in the previous month.
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vor 884 Tagen
TSX Ends Weak As Stocks Slide In The Final Hour
Despite spending much of the day's session in positive territory, the Canadian market ended notably lower on Wednesday, weighed down by losses in healthcare, energy and technology stocks.
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vor 884 Tagen
Dollar Loses Ground Against Major Counterparts After Fed Rate Decision
The U.S. dollar drifted lower on Wednesday as the Federal Reserve raised interest rate by 25 basis points and projected just one more rate hike this year.
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vor 884 Tagen
Fed Raises Rates By Another Quarter Point, Hints Tightening Cycle Nearing End
Despite recent turmoil in the banking industry, the Federal Reserve on Wednesday announced that is has decided to continue raising interest rates. The Fed said it has decided to raise the target range for the federal funds rate by another 25 basis points to 4.75 to 4.50 percent.
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vor 884 Tagen
Swiss Market Ends Slightly Weak
The Switzerland stock market ended slightly weak on Wednesday despite seeing a good spell in positive territory around mid afternoon.
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vor 884 Tagen
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Major European Markets Close Slightly Higher After Cautious Session
The major European markets closed higher on Wednesday after a cautious session as investors digested hotter than expected UK inflation data and looked ahead to the Federal Reserve's monetary policy announcement due later in the day.
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vor 884 Tagen
High Inflation Remains ECB's Main Worry
Two key policymakers of the European Central Bank warned on risks posed by high inflation and signaled that they are not done with raising interest rates despite the latest banking crisis that has put the aggressiveness of central banks in tightening policy under doubt. "With high uncertainty, it is even more important that the rate path is data-dependent," ECB President Christine Lagarde said.
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vor 884 Tagen
Euro Higher Amid ECB Lagarde's Hawkish Comments
The euro firmed against its major counterparts in the European session on Wednesday, as European Central Bank President Christine Lagarde remarked that region's inflation remained strong and the central bank is determined to bring it back to target.
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vor 884 Tagen
WPP Group Appoints Joanne Wilson To Succeed John Rogers As CFO
British mass media firm WPP Group plc (WPP.L, WPPGY) announced Wednesday that Joanne Wilson will join the Board and become CFO designate on April 19, 2023. Wilson will succeed John Rogers, who announced his decision on November 8, 2022 to step down.
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vor 884 Tagen
TC BioPharm Unveils Corporate Restructuring Plan; To Cut Up To 30% Of Workforce
Biotechnology company TC BioPharm (Holdings) plc (TCBP) announced Wednesday a corporate restructuring plan to reduce costs and prioritize its pending lead US clinical programs.
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vor 884 Tagen
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Wednesday with the focus on the Federal Reserve's monetary policy announcement later in the day.
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vor 884 Tagen
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