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Philippine Economic Growth Moderates In Q1

Philippine Economic Growth Moderates In Q1

The Philippine economy expanded at a slower pace in the first quarter but remained strong on investment and household spending. Gross domestic product registered a slower growth of 6.4 percent after rising 7.1 percent in the fourth quarter of 2022, the Philippine Statistics Authority said Thursday.
RTTNews | 841 일 전
Asian Shares Slip As China Deflation Deepens

Asian Shares Slip As China Deflation Deepens

Asian stocks ended Thursday's session mostly lower as investors reacted to a mixed bag of corporate earnings from Japan and signs of growing deflationary pressures in China.
RTTNews | 841 일 전
China Inflation Weakest Since 2021; Factory Gate Deflation Deepens

China Inflation Weakest Since 2021; Factory Gate Deflation Deepens

China's consumer price inflation reached its lowest level in more than two years in April largely due to the base effect and factory gate deflation deepened, providing space of monetary policy easing. The consumer price index posted an annual increase of 0.1 percent from the last year, slower than the 0.7 percent rise in March, the National Bureau of Statistics reported Thursday.
RTTNews | 841 일 전
European Shares Seen Up On China Stimulus Hopes

European Shares Seen Up On China Stimulus Hopes

European stocks are likely to open higher on Thursday after data showed China's consumer prices rose at the slowest pace in more than two years in April, and factory gate deflation deepened, fueling debate over the need for additional stimulus to support a patchy post-COVID economic recovery in the country.
RTTNews | 841 일 전
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 841 일 전
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European Economic News Preview: Bank Of England Policy Announcement Due

European Economic News Preview: Bank Of England Policy Announcement Due

The monetary policy decision from the Bank of England is the major event due on Thursday. The BoE is set to raise the benchmark interest rate by 25 basis points to 4.50 percent. The announcement is due at 7.00 am ET. The bank is also set to publish its quarterly monetary policy report that highlights the economic outlook and inflation projections.
RTTNews | 841 일 전
Asian Markets Trading Mostly Lower

Asian Markets Trading Mostly Lower

Asian stock markets are trading mostly lower on Thursday, despite the positive cues from Wall Street overnight, as traders remain cautious and asses the global economic and monetary policy outlook after US inflation slows to below 5 percent for the first time two years. Traders worry the slowdown in the pace of price growth is partly due to the U.S. heading for a recession.
RTTNews | 841 일 전
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower on Thursday, extending the losses in the previous session, with the Nikkei 225 falling below the 29,100 level, despite the positive cues from Wall Street overnight, with weakness in market heavyweights and financial stocks.
RTTNews | 841 일 전

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