Australia Rate Decision Due On Tuesday

Australia Cuts Key Interest Rate For Second Time This Year

Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.

RTTNews | 49 minutes ago

China Cuts Loan Prime Rates For First Time In 7 Months

The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.

RTTNews | 2h 15min ago

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 2h 42min ago

European Shares Likely To Open On Firm Note

European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.

RTTNews | 3h 17min ago

R&M Refresher Instant Milk Tea Powder Recalled

Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.

RTTNews | 3h 26min ago

Chinese Yuan Falls To 8-day Low Against U.S. Dollar

The Chinese yuan weakened against the U.S. dollar in the Asian session on Tuesday.

RTTNews | 4h 25min ago

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares struggled for direction on Tuesday despite firm cues from global markets.

RTTNews | 4h 25min ago

Australian Market Halves Early Gains In Mid-market

The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.

RTTNews | 5h 12min ago

EURUSD	1.12484	GBPUSD	1.33748	AUDUSD	0.64191
USDJPY	144.423	USDCAD	1.39368	USDCHF	0.83283

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Australia Rate Decision Due On Tuesday