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Pound Rises Following U.K. CPI, PPI
At 3.00 am ET Wednesday, the Office for National Statistics has released UK consumer and producer prices for February. The pound rose against its major counterparts after the data.
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Pound Mixed Ahead Of U.K. CPI, PPI
At 3.00 am ET Wednesday, the Office for National Statistics releases UK consumer and producer prices for February. Consumer price inflation is forecast to rise to 9.9 percent from 10.1 percent in January.
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European Benchmarks Seen Opening Strong
Markets in Europe are expected to open on a strong note on Wednesday tracking the bullish momentum in the Asian markets as well as the rally in Wall Street, a day earlier.
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Sensex, Nifty Shed Some Gains After Bright Start
After opening on a firm note and climbing further up, Indian shares pared a significant portion of their gains and are modestly higher around mid morning on Wednesday.
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European Economic News Preview: UK Inflation Data Due
Consumer and producer price figures from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, the Office for National Statistics releases UK consumer and producer prices for February. Consumer price inflation is forecast to rise to 9.9 percent from 10.1 percent in January. Output price inflation is seen at 12.4 percent versus 13.5 percent in January.
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Australian Dollar Rises Amid Risk Appetite
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stocks traded higher amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe.
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Asian Markets Higher As Bank Turmoil Eases
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe. Asian markets closed mostly higher on Tuesday.
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more news
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Indian Shares Look Headed For Positive Start
Higher SGX Nifty, firm Asian markets and the overnight surge on Wall Street point to a positive start for Indian shares on Wednesday.
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Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Wednesday, recouping the losses in the previous session, with the Nikkei 225 moving above the 27,400 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by energy and technology stocks, amid easing concerns about the crisis in the global banking sector.
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Thai Shares Poised To See Additional Support
The Thai stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had stumbled more than 90 points or 5.7 percent. The Stock Exchange of Thailand now rests just above the 1,575-point plateau and it's got a strong lead for Wednesday's trade.
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Australian Market Significantly Higher
The Australian stock market is significantly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 7,000 mark, following the broadly positive cues from global markets overnight, with gains across most sectors, led by energy and technology stocks, amid easing concerns about the crisis in the global banking sector.
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