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European Shares To Open On Sluggish Note Amid Fed Worries
European stocks may open on a subdued note Wednesday as stronger-than-expected U.S. inflation data poured cold water on investor hopes for an imminent interest-rate cut by the Federal Reserve.
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vor 555 Tagen
Malaysian Ringgit Falls To Near 4-month Low Against U.S. Dollar
The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Wednesday.
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vor 555 Tagen
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and revised GDP data from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Inflation is seen rising to 4.1 percent from 4.0 percent in December. Output prices are expected to decline 0.5 percent on year.
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vor 555 Tagen
Sensex, Nifty Follow Global Peers Lower; IT Stocks Worst Hit
Indian shares opened lower on Wednesday, mirroring weak cues from global markets on concerns over elevated inflation in the U.S. and delayed rate cuts by the Federal Reserve.
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vor 555 Tagen
Asian Markets Track Global Markets Lower
Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from global markets overnight, after data showing bigger than expected increase in U.S. consumer price inflation in January reduced the possibility of a rate cut by the US Fed anytime soon. Traders have pushed back their expectations for rate cuts from March to May or June. Asian markets closed mixed on Tuesday.
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vor 555 Tagen
Sensex, Nifty Set To Fall Amid Global Selloff
Indian shares are seen opening sharply lower on Wednesday as traders ratcheted down their expectations for a Federal Reserve's interest-rate cut before July.
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vor 555 Tagen
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Wednesday, giving up some of the gains in the previous three sessions, following the broadly negative cues from global markets overnight. The Nikkei 225 is retreating from 34-year highs and falling to near the 37,700 level, with losses in index heavyweights and exporters partially offset by gains in technology stocks.
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vor 555 Tagen
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Australian Market Significantly Lower
Australian shares are trading significantly lower on Wednesday, extending the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling to near the 7,500 level, following the broadly negative cues from global markets overnight, with weakness across most sectors led by mining, financial and technology stocks.
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vor 555 Tagen
Thai Bourse May Spin Its Wheels On Wednesday
The Thai stock market has moved higher in two straight sessions, collecting just 3 points or 0.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,390-point plateau and it's tipped to open in the red on Wednesday.
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vor 555 Tagen
Soft Start Called For Indonesia Stock Market
The Indonesia stock market has alternated between positive and negative finishes through the previous seven trading days since the end of the three-day winning streak in which it had advanced more than 70 points or 1 percent. The Jakarta Composite Index now sits just beneath the 7,210-point plateau and the losses may accelerate on Wednesday.
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vor 555 Tagen
Losing Streak May Continue For Hong Kong Shares
Ahead of the break for the Lunar New Year, the Hong Kong stock market had finished lower in three straight sessions, slumping more than 380 points or 2.5 percent along the way. The Hang Seng Index now rests just beneath the 15,750-point plateau and it may take further damage on Wednesday.
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vor 555 Tagen
Renewed Selling Pressure Expected For Singapore Stock Market
The Singapore stock market on Tuesday ended the two-day losing streak in which it had fallen almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,140-point plateau although it's likely to turn lower again on Wednesday.
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vor 555 Tagen
Malaysia Stock Market May Hand Back Tuesday's Gains
The Malaysia stock market on Tuesday snapped the two-day slide in which it had eased less than a single point or 0.1 percent. The Kuala Lumpur Composite Index now sits just above the 1,530-point plateau although it figures to head south again on Wednesday.
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vor 555 Tagen
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