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Australia Wage Price Index Climbs 3.1% On Year In Q3
Australia's wage price index climbed 3.1 percent on year in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - exceeding expectations for 3.0 percent and up from 2.6 percent in the second quarter.
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Taiwan Stock Market Expected To See Additional Support
The Taiwan stock market has moved higher in three straight sessions, surging more than 1,040 points or 7.7 percent along the way. The Taiwan Stock Exchange now rests just beneath the 14,550-point plateau and it's got a solid lead for Wednesday's trade.
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Japan Core Machine Orders Slip 4.6% In September
The value of core machine orders in Japan was down a seasonally adjusted 4.6 percent on month in September, the Cabinet Office said on Wednesday - coming in at 868.0 billion yen.
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Higher Open Anticipated For Singapore Stock Market
The Singapore stock market has finished higher in eight straight sessions, improving almost 175 points or 5.6 percent along the way. The Straits Times Index now rests just above the 3,275-point plateau and it's tipped to open in the green again on Wednesday.
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Malaysia Stock Market Set To End Losing Streak
The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau although it's predicted to stop the bleeding on Wednesday.
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Tech Shares May Boost South Korea Shares
The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day winning streak in which it had soared almost 100 points or 4 percent. The KOSPI now rests just above the 2,480-point plateau and it may move higher again on Wednesday.
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TSX Ends Modestly Higher
After opening on a strong note and staying firm till about an hour past noon, the Canadian market very nearly fell into the red, but recovered to end the session modestly higher on Tuesday.
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Australia Wage Price Data Due On Wednesday
Australia will on Wednesday release Q3 figures for its wage price index, highlighting a light day for Asia-Pacific economic activity. Wages are expected to have risen 0.9 percent on quarter and 3.0 percent on year after adding 0.7 percent on quarter and 2.6 percent on year in Q2.
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Swiss Market Ends On Positive Note
The Switzerland stock market ended modestly higher on Tuesday despite struggling for direction earlier in the session.
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European Stocks Close Higher Again
European stocks closed broadly higher on Tuesday, extending recent gains, amid continued optimism the Federal Reserve will be less aggressive with regard to interest rate hikes.
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Canadian Market Up Firmly In Positive Territory At Noon
The Canadian market is up firmly in positive territory a little past noon on Tuesday, led by strong gains in technology, healthcare and consumer discretionary sectors.
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Dollar Depreciates As Soft U.S. Producer Inflation Data Raises Hopes For Slower Rate Hike
The U.S. dollar lost ground against its major counterparts in the European session on Tuesday, after a data showed that the nation's producer prices rose much less than expected in October, adding to expectations for slower rate hikes from the Federal Reserve in the future.
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New York Manufacturing Index Shows Notable Rebound In November
New York manufacturing activity has seen a notable rebound in the month of November, the Federal Reserve Bank of New York revealed in a report released on Tuesday. The New York Fed said its general business conditions index surged to a positive 4.5 in November from a negative 9.1 in October, with a positive reading indicating growth in regional manufacturing activity.
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