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Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday amid increased risk-on mood by the investors, on reports that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours. U.S. Fed Vice Chair Michelle Bowman said she favored a rate cut "as soon" as July if inflationary pressures remain contained.
RTTNews | 75 days ago
South Korea Consumer Sentiment Strengthens In June

South Korea Consumer Sentiment Strengthens In June

South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
RTTNews | 75 days ago
European Economic News Preview: German Ifo Business Confidence Due

European Economic News Preview: German Ifo Business Confidence Due

Business sentiment data from Germany is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, the Czech Statistical Office is scheduled to publish business and consumer sentiment survey results. At 4.00 am ET, the ifo Institute is set to release Germany's business sentiment survey data. Economists forecast the business climate index to rise to 88.2 in June.
RTTNews | 75 days ago
European Shares Seen Higher As Tensions Ease Over Strait Of Hormuz

European Shares Seen Higher As Tensions Ease Over Strait Of Hormuz

European stocks may open on a buoyant note Tuesday as a sharp decrease in oil prices following a ceasefire declaration between Iran and Israel by former U.S. President Donald helped ease concerns surrounding the outlook for inflation and interest rates. After launching multiple missiles at Israel, Iran hinted that the truce deal had come into effect. So far, there has been no official statement from Israel on the ceasefire agreement.
RTTNews | 75 days ago
Sensex, Nifty Rally As Geopolitical Tensions Ease

Sensex, Nifty Rally As Geopolitical Tensions Ease

Indian shares opened on a buoyant note Tuesday after U.S. President Donald Trump said a "complete and total ceasefire" between Iran and Israel will take effect in the coming hours, sending oil prices plunging below the levels of June 12, which was the day Israel attacked Iran.
RTTNews | 75 days ago
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Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Tuesday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks amid tumbling crude oil prices.
RTTNews | 75 days ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react positively to reports that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours. US Fed Vice Chair Michelle Bowman said she favored a rate cut "as soon" as July if inflationary pressures remain contained.
RTTNews | 75 days ago
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has finished lower in eight straight sessions, slumping more than 80 points or 7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,060-point plateau and it's overdue for support on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 75 days ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, reversing some of the losses in the previous three sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 75 days ago
Indonesia Stock Market Due For Support On Tuesday

Indonesia Stock Market Due For Support On Tuesday

The Indonesia stock market has tracked lower in four straight sessions, slumping almost 370 points or 4.8 percent in that span. The Jakarta Composite Index now sits just beneath the 6,790-point plateau although it's tipped to open in the green on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 75 days ago

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