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Indonesia Rate Decision On Tap For Thursday
(RTTNews) - The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
The central bank is expected to keep is benchmark lending rate (6.00 percent), lending facility rate (6.75 percent) and deposit facility rate (5.25 percent) all unchanged.
Hong Kong will release November numbers for consumer prices; in October, overall inflation was up 1.00 percent on month and 2.70 percent on year.
New Zealand will see November figures for credit card spending; in the previous month, spending was down 2.9 percent on year.
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Bay Street Likely To Open Slightly Higher
Modestly higher futures point to a slightly positive start for the Canadian market on Wednesday. However, uncertainty about further interest rate cuts by the Fed this year, and worries about valuations may render the mood cautious and limit market's upside.
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1h 47min ago
U.S. Dollar Extends Rise Amid Fed Chair Powell Comments
The U.S. dollar continued to be strong against other major currencies in the European session on Wednesday, weighed down by Federal Reserve Chairman Jerome Powell's comments that equity prices are fairly highly valued by many measures.
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2h 4min ago
FTSE 100 Modestly Lower In Cautious Trade
U.K. stocks are turning in a mixed performance in cautious trade on Wednesday. Uncertainty about Fed interest rate outlook, and on comments from Fed Chair Jerome Powell's warning that equity valuations are stretched.
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2h 25min ago
CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty
French stocks are showing some weakness on Wednesday amid apprehensions about the outlook for Fed rate cuts, and Fed Chair Jerome Powell's comments that equity valuations are high.
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3h 6min ago
Sensex, Nifty Extend Declines For Fourth Day
Indian shares ended lower for a fourth day running on Wednesday, with trade-related concerns, rising oil prices and continued selling by foreign investors keeping investors on edge.
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3h 40min ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Wednesday.
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3h 51min ago
German Ifo Business Confidence At 4-Month Low
German business sentiment weakened to a four-month low in September as prospects of an economic recovery suffered a setback, monthly survey results from the Munich-based ifo Institute showed Wednesday. The business climate index fell unexpectedly to 87.7 in September from 88.9 in the previous month. The score was seen at 89.3.
RTTNews
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3h 59min ago
DAX Modestly Lower As Powell's Comments Raise Valuation Concerns
German stocks are down in negative territory on Wednesday, weighed down by Federal Reserve Chairman Jerome Powell's comments that equity prices are fairly highly valued by many measures.
RTTNews
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4h 8min ago
