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Asian Shares Plummet On Inflation, Recession Concerns

Asian Shares Plummet On Inflation, Recession Concerns

Asian stocks plummeted on Monday as a global sell-off deepened and investors fled to the relatively safe-haven assets such as bonds, the Japanese yen and the Swiss Franc on signs that the Trump's administration is unlikely to soften its sweeping tariff regime.
RTTNews | 57 일 전
Antipodean Currencies Slide As Asian Stock Markets Traded Lower Amid Global Trade War

Antipodean Currencies Slide As Asian Stock Markets Traded Lower Amid Global Trade War

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to U.S. President Donald Trump's new levies that could fuel inflation and damage the global economy.
RTTNews | 57 일 전
UK House Prices Fall For Second Month

UK House Prices Fall For Second Month

UK house prices dropped for the second straight month in March as stamp duty holiday ended amid weaker economic outlook, mortgage lender Halifax said Monday. House prices slid unexpectedly by 0.5 percent month-on-month, bigger than February's 0.2 percent drop. This was the second consecutive decline. Prices were forecast to climb 0.2 percent.
RTTNews | 57 일 전
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European Economic News Preview: German Industrial Output, Foreign Trade Data Due

European Economic News Preview: German Industrial Output, Foreign Trade Data Due

Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis releases Germany's industrial output and external trade figures. Economists forecast industrial output to fall 0.9 percent month-on-month in February, in contrast to the 2.0 percent increase in January.
RTTNews | 57 일 전
Asian Markets A Blood Bath Amid Global Trade War

Asian Markets A Blood Bath Amid Global Trade War

Asian stock markets are in a blood bath on Monday, following the broadly negative cues from Wall Street on Friday, amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to U.S. President Donald Trump's new levies that could fuel inflation and damage the global economy. Asian markets closed mostly lower on Friday.
RTTNews | 57 일 전
Australian Market Halves Early Sharp Losses In Mid-market

Australian Market Halves Early Sharp Losses In Mid-market

The Australian stock market is nearly halving its early sharp losses in mid-market trading on Monday, extending the sharp losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is tumbling almost 4 percent to below the 7,4000 level, with strong losses across all sectors led by mining and energy stocks.
RTTNews | 57 일 전

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