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Asian Shares Retreat On Rate Worries
Asian stocks tumbled on Wednesday as strong U.S. data dented rate cut hopes and oil extended gains amid rising tension in the Middle East, clouding the inflation outlook.
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NZ Dollar Rebounds After Strong China PMI Data
The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Wednesday, after data showed that China's service sector continued to expand in March.
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Hyundai Motor, Kia Unveil DAL-e Delivery Robot
South Korean automakers Hyundai Motor Co. and its affiliated Kia Corp. unveiled the new design of their DAL-e Delivery robot with a view to revolutionizing indoor autonomous delivery services. The new DAL-e Delivery Robot, based on the delivery robot introduced in December 2022, offers advanced technologies, such as autonomous driving and face identification.
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China Service Sector Logs Faster Growth
China's service sector expanded at a faster pace in March with rising new business and improving confidence, survey results from S&P Global showed on Wednesday. The Caixin service sector Purchasing Managers' Index, or PMI, rose to 52.7 in March from 52.5 in February. The score signaled an increase in services activity for the fifteenth successive month.
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NZ Dollar Rebounds Against Majors
The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Wednesday.
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European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation and unemployment reports from the euro area are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, flash consumer price data is due from Austria.
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European Shares To Open On Tepid Note Ahead Of Powell Speech
European stocks look set to open on a tepid note Wednesday as investors evaluate the latest comments by a pair of Federal Reserve officials.
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more news
Abdallah Candies 8 Oz. Sea Salt Almond Alligators Recalled
Apple Valley, Minnesota-based Abdallah Candies is recalling a limited quantity of Abdallah Candies 8 oz. sea salt almond alligators due to undeclared almond, a known allergen, according to the U.S Food and Drug Administration. The products have a chocolate covered cherries label with code 0315 on the bottom of the box. Retail products are packaged in candy boxes.
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Sensex, Nifty Decline As US Rate Cut Hopes Fade
Indian shares opened on a tepid note Wednesday as Middle East tensions intensified and prospects of an early Fed rate cut diminished.
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Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from global markets overnight, as strong US economic data sent Treasury yields higher and renewed concerns over the outlook for interest rates. Recent US data showed better than expected increases in job openings, manufacturing and factory orders in the month of February. Asian markets closed mixed on Tuesday.
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Sensex, Nifty Set To Follow Global Peers Lower
Indian shares look set to open on a sluggish note Wednesday as investors fret over rising tensions in the Middle East and the U.S. interest-rate outlook.
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Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Wednesday, giving up the slight gains in the previous session, following the broadly negative cues from global markets overnight. The Nikkei 225 is falling below the 39,400 level, with losses in index heavyweights and technology stocks amid a spike in treasury yields.
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Thai Stock Market May Take Further Damage On Wednesday
The Thai stock market on Tuesday snapped the two-day winning streak in which it had picked up almost 10 points or 0.7 percent. The Stock Exchange of Thailand now sits just shy of the 1,380-point plateau and the losses may accelerate on Wednesday.
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