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China Service Sector Growth Improves In February
China's service sector grew at a faster pace in February on a moderate growth in new business, survey results from S&P Global showed on Wednesday. The services Purchasing Managers' Index rose unexpectedly to 51.4 in February from 51.0 in January. The reading was forecast to fall to 50.8. The score has remained above the neutral 50.0 mark for 26 consecutive months.
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vor 75 Tagen
Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as investors reacted positively to the actions taken by China to counter the effects of deflation and a slew of upbeat GDP and PMI data from the region. Markets are also cautious following the imposition of tariffs by U.S. in Canada, Mexico and China, and the retaliatory measures by China and Canada.
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vor 75 Tagen
Australia GDP Growth Tops Expectations
Australia's economy logged a faster-than-expected growth in the fourth quarter underpinned by exports and government spending, data from the Australian Bureau of Statistics revealed on Wednesday. Gross domestic product climbed 0.6 percent sequentially in the December quarter, following a 0.3 percent rise in the September quarter. GDP was expected to grow 0.5 percent in the fourth quarter.
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vor 75 Tagen
China Keeps Growth Target At "Around 5%" Despite Tariff Threats
China maintained its growth target for 2025 but the government became more cautious about nominal growth and inflation outlook amid heightened uncertainty surrounding the U.S trade tariff threats. Beijing aims to achieve growth target of "around 5 percent" for 2025, which was unchanged from the 2024 goal, Premier Li Qiang said at the 14th National People's Congress on Wednesday.
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vor 75 Tagen
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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vor 75 Tagen
European Shares Poised For Higher Open
European stocks look set to open on an upbeat note Wednesday, a day after U.S. President Donald Trump's trade war drew swift retaliation with new tariffs from Mexico, Canada and China.
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vor 75 Tagen
Sensex, Nifty Open Higher In Cautious Trade
Indian shares opened on a positive note Wednesday after U.S. Commerce Secretary Howard Lutnick suggested that the Trump administration may reach a tariffs compromise with Mexico and Canada.
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vor 75 Tagen
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders reacted to actions taken by China to counter the effects of deflation and a slew of upbeat GDP and PMI data from the region. Markets are also cautious following the imposition of tariffs by U.S. on Canada, Mexico and China, and the retaliatory measures by China and Canada.
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vor 75 Tagen
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 8,100 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by financial and energy stocks.
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vor 75 Tagen
Sensex, Nifty Seen Tad Higher On US Tariff Relief Hopes
Indian shares may open slightly higher on Wednesday after U.S. Commerce Secretary Howard Lutnick suggested that the Trump administration may reach a tariffs compromise with Mexico and Canada.
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vor 75 Tagen
Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,300 level, with weakness is exporters and financial stocks partially offset by gains in index heavyweights and technology stocks.
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vor 75 Tagen
Australian Market Significantly Lower
Australian shares are trading significantly lower on Wednesday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 8,100 level, following the broadly negative cues from Wall Street overnight, with a mixed a trend across most sectors. Financial stocks were particularly weak.
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vor 75 Tagen
Dollar Stays Weak Against Major Counterparts
The dollar drifted down on Tuesday, extending losses from previous session, amid concerns about the economic impact of trade war following the imposition of tariffs by U.S. on Canada, Mexico and China, and the retaliatory measures by China and Canada.
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vor 75 Tagen
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