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Forex News
Asian Markets Mixed On Powell Remarks
Asian stock markets are trading mixed on Wednesday, following the positive cues from Wall Street overnight, in reaction to US Federal Reserve Chair Jerome Powell's remarks at the Economic Club of Washington that he expects 2023 to be a year of "significant declines in inflation." He also cautioned that interest rates could rise more than markets expect if the economic data doesn't cooperate.
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883 days ago
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Wednesday after opening in the green, extending the slight losses in the previous session, with the Nikkei 225 falling to stay just above the 27,500 level, despite the broadly positive cues from Wall Street overnight, dragged by sharp losses at index heavyweights SoftBank Group and Nintendo.
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883 days ago
Thai Stock Market Tipped To End Losing Streak
The Thai stock market has finished lower in two straight sessions, slipping almost 8 points or 0.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,680-point plateau although it may stop the bleeding on Wednesday.
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883 days ago
Sensex, Nifty Seen Up After Powell Speech; RBI Meeting Eyed
Indian shares are likely to open higher on Wednesday after Fed Chair Jerome Powell reiterated his view that inflation was falling.
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883 days ago
Indonesia Stock Market Set To Extend Tuesday's Gains
The Indonesia stock market rebounded on Tuesday, one day after ending the three-day winning streak in which it had picked up more than 70 points or 1.1 percent. The Jakarta Composite Index now rests just above the 6,935-point plateau and it's likely in store for more support on Wednesday.
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883 days ago
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,500 levels, following the broadly positive cues from Wall Street overnight, as traders reacted positively to US Federal Reserve Chair Jerome Powell's remarks that disinflation has begun in 2023.
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883 days ago
Hong Kong Stock Market Has Solid Lead For Wednesday's Trade
The Hong Kong stock market on Tuesday ended the three-day losing streak in which it had plunged more than 840 points or 3.8 percent. The Hang Seng Index now sits just beneath the 21,300-point plateau and it's expected to open higher again on Wednesday.
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883 days ago
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Higher Open Called For China Stock Market
The China stock market on Tuesday ended the two-day slide in which it had slipped almost 50 points or 0.8 percent. The Shanghai Composite Index now rests just beneath the 3,250-point plateau and it's tipped to extend its gains on Wednesday.
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883 days ago
Japan Has Y33.4 Billion Current Account Surplus In December
Japan had a current account surplus of 33.4 billion yen in December, the Ministry of Finance said on Wednesday.
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883 days ago
Taiwan Stock Market Poised To Add To Its Winnings
The Taiwan stock market ticked higher again on Tuesday, one session after snapping the three-day winning streak in which it had advanced more than 330 points or 2 percent. The Taiwan Stock Exchange now rests just above the 15,400-point plateau and it's expected to open in the green again on Wednesday.
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883 days ago
Japan Overall Bank Lending Jumps 3.1% On Year In January
Overall bank lending in Japan was up 3.1 percent on year in January, the Bank of Japan said on Wednesday - coming in at 599.178 trillion yen.
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883 days ago
South Korea December Current Account Surplus $2.68 Billion
South Korea posted a current account surplus of $2.68 billion in December, the Bank of Korea said on Wednesday - following the $0.22 billion shortfall in November.
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883 days ago
South Korea Has $2.68 Billion Current Account Surplus
South Korea had a current account surplus of $2.68 billion in December, the Bank of Korea said on Wednesday - following the $0.22 billion shortfall in November.
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883 days ago
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