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Philippines Inflation Highest In 14 Years, More Rate Hikes Likely

The Philippines' inflation accelerated to the highest level since November 2008, mainly due to an increase in food prices due to poor climate, but remained within the forecast range of the central bank that is widely expected to deliver another rate hike in its policy session next week.
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Pfizer Seeks FDA Approval For Bivalent COVID-19 Vaccine In Kids Under 5

Pfizer Seeks FDA Approval For Bivalent COVID-19 Vaccine In Kids Under 5

Vaccine partners Pfizer Inc. and BioNTech SE are seeking emergency use authorization or EUA from the U.S. Food and Drug Administration to offer their bivalent COVID-19 vaccine to children 6 months through 4 years of age. If authorized, the vaccine would be part of a primary series for children in this age group.
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Reserve Bank Of Australia Hikes Rate To 3.10%

Reserve Bank Of Australia Hikes Rate To 3.10%

Australia's central bank raised its key interest rate on Tuesday, by a quarter-point for a third straight policy meeting, thus slowed the pace of rate hikes from a more aggressive 50 basis points previously as policymakers turned less hawkish amid expectations for slower economic growth ahead. The policy board of the Reserve Bank of Australia, governed by Philip Lowe, decided to lift the cash rat
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Asian Stocks End Trading On A Mixed Note

Asian Stocks End Trading On A Mixed Note

Asian stocks finished trading on a mixed note with benchmarks in Hong Kong, South Korea, Australia and New Zealand closing below Monday's levels, amidst anxiety over the Fed's stance given the strong service activity readings. Shanghai Composite as well as the Shenzen Component Index gained as hopes of relaxation in Covid curbs drove sentiment.
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Germany Factory Orders Recover On Foreign Demand

Germany Factory Orders Recover On Foreign Demand

Despite supply chain issues, Germany's manufacturing orders rebounded in October underpinned by robust foreign demand, data from Destatis revealed on Tuesday. Factory orders posted a monthly growth of 0.8 percent in October, in contrast to the revised 2.9 percent decrease in September. Orders were expected to gain marginally by 0.1 percent.
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more news
European Economics Preview: Germany Factory Orders Data Due

European Economics Preview: Germany Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany factory orders data for October. Economists forecast orders to grow 0.1 percent on month, in contrast to the 4.0 percent decrease in September.
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Kraft Heinz Recalls RTE Ham And Cheese Loaf Products

Kraft Heinz Recalls RTE Ham And Cheese Loaf Products

Kraft Heinz Foods Co. is recalling around 2,400 pounds of ready-to-eat or RTE ham and cheese loaf products citing possible cross-contamination with under-processed products, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced.
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Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders are concerned about more aggressive monetary policy moves by the US Fed after data showed an unexpected acceleration in U.S. services sector activity in the month of November. Asian markets closed mostly higher on Monday.
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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is modestly higher in choppy trading on Tuesday, extending the slight gains in the previous session, with the Nikkei 225 staying below the 27,900 level, despite the negative cues from Wall Street overnight, with the index alternating between the red and green as traders are making cautious trades amid concerns the US Fed will maintain the pace of interest rate hikes.
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