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Twitter To Relax Ad Policy To Allow Political, Cause-based Ads
Twitter is relaxing ads policy to allow political as well as cause-based advertising in the United States. The changes come as Elon Musk is looking for more ways to cut costs and boost revenue as the social media platform, following its acquisition by the billionaire, is struggling to keep going.
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European Shares Poised For Firm Start
European stocks are likely to open on a firm note Wednesday, even as a cautious undertone may prevail amid lingering worries over the Russia-Ukraine conflict and uncertainty over the Fed's rate hike path.
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European Economic News Preview: Eurozone Final Composite PMI Data Due
Final composite Purchasing Managers' survey results from the euro area and other major Eurozone economies are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for November. Economists expect import price inflation to ease to 18.0 percent from 23.5 percent in October.
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Sensex, Nifty Open Tad Lower As Metal Stocks Drag
Indian shares opened a tad lower on Wednesday, as investors awaited a slew of U.S. data and the latest FOMC meeting minutes this week for additional clues on when and where interest rates might peak.
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Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, amid firm bullion prices and positive cues from European markets. The signs that COVID infections may have peaked in some big Chinese cities is also aiding market sentiment as trader are hopeful of a swift post-COVID era recovery in China.
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Sensex, Nifty Set To Open On Cautious Note
Indian shares may open on a cautious note Wednesday after Wall Street's main indexes closed lower on the first trading day of 2023.
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Thai Stock Market Overdue For Consolidation
The Thai stock market has climbed higher in nine straight sessions, advancing almost 80 points or 5 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,680-point plateau although investors are likely to cash in on Wednesday.
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Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Wednesday, giving up the slight gains in the previous session, with the Nikkei 225 falling below the 25,800 level, following the broadly negative cues from Wall Street overnight, with traders remaining concerned about interest rate hikes and recessionary fears even as they returned from a extended-new year weekend.
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Rally May Stall For Indonesia Stock Market
The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just shy of the 6,890-point plateau, although it may run out of steam on Wednesday.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,000 mark, despite the broadly negative cues from Wall Street overnight, with gains across most sectors, led by technology and gold mining stocks.
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Win Streak May End For Hong Kong Stock Market
The Hong Kong stock market has finished higher in back-to-back sessions, jumping more than 400 points or 2.1 percent along the way. The Hang Seng Index now rests just beneath the 20,150-point plateau although it's looking at a soft start for Wednesday's trade.
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Soft Start Anticipated For China Stock Market
The China stock market has moved higher in two straight sessions, improving more than 40 points or 1.3 percent along the way. The Shanghai Composite Index now rests just above the 3,115-point plateau although it's expected to open under pressure on Wednesday.
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Japan Manufacturing PMI Slips To 48.9 In December - Jibun
The manufacturing sector in Japan continued to contract in December, and at a slightly faster rate, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 48.9.
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