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Forex News
New Zealand Cuts Interest Rate By 25 Bps As Expected
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
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43 days ago
NZ Dollar Recovers Against Majors
The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
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44 days ago
Sensex, Nifty Marginally Lower In Early Trade; ITC Shares Down Over 3%
Indian shares were subdued on Wednesday amid delays in finalizing the India-U.S. trade agreement and investor anxiety around the ballooning U.S. debt levels.
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44 days ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just above 8,400 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
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44 days ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious amid the lack of concrete progress toward a broader trade agreement between the US and its trading partners, despite reaching temporary deals with some. The ongoing uncertainty surrounding the US-China trade relations continued to weigh on market sentiment.
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44 days ago
Sensex, Nifty Seen Opening On Cautious Note
Indian shares may open on a flat note Wednesday as investors weigh global uncertainties and await cues from Nvidia's earnings results and the release of minutes from the Federal Reserve May meeting.
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44 days ago
Rebound Predicted For Thai Stock Market
The Thai stock market on Tuesday snapped the two-day winning streak in which it had gained more than 5 points or 0.5 percent. The Stock Exchange of Thailand now rests just above the 1,160-point plateau, although it's likely to open to the upside on Wednesday.
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44 days ago
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Indonesia Stock Market Poised To Open To The Upside
The Indonesia stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it may extend its gains on Wednesday.
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44 days ago
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,000 mark, with gains across most sectors led by index heavyweights and technology stocks.
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44 days ago
Higher Open Called For Hong Kong Stock Market
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,380-point plateau and it has a solid lead again for Wednesday's trade.
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44 days ago
China Stock Market Due For Support On Wednesday
The China stock market has finished lower in four straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,340-point plateau although it may stop the bleeding on Wednesday.
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44 days ago
Australian Market Notably Higher
Australian shares are trading notably higher on Wednesday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving to near the 8,450 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
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44 days ago
Taiwan Shares Due For Support On Wednesday
The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
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44 days ago
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