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Asian Markets Mostly Higher Amid Cautious Trades
Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from global markets overnight, as traders remained cautious even as worries eased about interest rates following data showing cooling US inflation. The US Fed is widely expected to further slow the pace of rate hikes to 25 basis points at its next meeting. Asian markets ended mixed on Thursday.
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vor 975 Tagen
Sensex, Nifty Set For Positive Start On Hopes Of Less Hawkish Fed
Indian shares are seen opening on a positive note Friday as other Asian markets held steady despite steep losses on Wall Street and in Europe overnight.
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vor 975 Tagen
Japanese Market Slightly Higher
The Japanese stock market is slightly higher on Friday after being in the red at open, following the sharp losses in the previous session, with the benchmark Nikkei 225 staying above the 26,400 level, despite the broadly negative cues from global markets overnight, as the expected weak domestic inflation figures was already accounted for by the market.
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vor 975 Tagen
Australian Market Modestly Higher
The Australian stock market is modestly higher in choppy trading on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,400 level, despite the broadly negative cues from global markets overnight, with gains is mining and energy stocks amid continued strength in commodity prices.
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vor 975 Tagen
TSX Ends Lower For 2nd Straight Day
After opening moderately lower Thursday morning and languishing in negative territory till around mid afternoon, the Canadian market briefly emerged above the flat line before turning weak against to finally end the day's session with a modest loss.
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vor 975 Tagen
Dollar Loses Ground Against Major Counterparts
The U.S. dollar was weak against its major counterparts on Thursday, weighed down by concerns about slowing U.S. economy following aggressive policy tightening by the Federal Reserve.
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vor 975 Tagen
Canadian Market Down Marginally In Cautious Trade
The Canadian market is down in negative territory Thursday afternoon, losing ground for a second successive session, after an eight-day winning streak.
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vor 976 Tagen
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Swiss Market Ends Notably Lower
The Switzerland stock market ended notably lower on Thursday, tracking weak global cues amid rising concerns about a possible recession in the U.S.
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vor 976 Tagen
European Stocks Close Lower On Growth Worries
European stocks closed sharply lower on Thursday, weighed down by weak U.S. economic data and hawkish comments from Fed officials.
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vor 976 Tagen
ECB Rate Hikes Have A Long Way To Go
The European Central Bank is set to continue its interest rate hikes for some time ahead as the minutes of the latest policy session in December revealed that many policymakers had sough a jumbo raise of 75 basis points due to the prospect of inflation staying high for too long, but eventually agreed on a smaller half basis point lift in a bid to have more room for higher rates in the future.
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vor 976 Tagen
Euro In Positive Territory After Lagarde's Remarks
The euro was higher against its major counterparts in the European session on Thursday, as European Central Bank President Christine Lagarde affirmed that the central bank will keep raising interest rates to rein in inflation.
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Norges Bank Signals Rate Hike In March
The Norwegian Central Bank decided to keep its benchmark interest rate unchanged at its January meeting, in line with market expectations, and policymakers hinted that further rate hikes would be needed to bring inflation down to the target.
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vor 976 Tagen
Philly Fed Index Increases But Remains Negative In January
The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January. The Philly Fed said its diffusion index for current activity climbed to a negative 8.9 in January from a negative 13.7 in December.
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vor 976 Tagen
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