Asian Markets Close Higher

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(RTTNews) - Asian markets finished trading on a positive note, tracking the Wall Street rally on Tuesday. The larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support. Expectations that the new political establishment in Japan would support a less hawkish monetary policy also boosted sentiment amidst the political uncertainty.

China's Shanghai Composite Index added 0.13 percent to finish trading at 3,812.22. The day's trading ranged between 3,827.00 and 3,794.06. The Shenzhen Component Index closed 0.38 percent higher at 12,557.68.

The Japanese benchmark Nikkei 225 rallied 396 points or 0.91 percent to close at 43,855.00. The day's trading range was between 43,482 and 43,855. SoftBank Group Corp topped gains with a surge of 7.3 percent. Furukawa Electric, Fujikura and Kansai Electric Power, all followed with gains of more than 5 percent. Sumitomo Dainippon Pharma declined 4.1 percent.

Korean Stock Exchange's Kospi Index added 54 points or 1.7 percent to close trading at 3,314.53. The day's trading range was between 3,272.07 and 3,317.77.

The Hang Seng Index of the Hong Kong Stock Exchange jumped 262 points or 1.01 percent from the previous close to finish trading at 26,200.26. The day's trading range was between a high of 26,296.60 and a low of 26,017.50.

Australia's S&P/ASX200 closed trading at 8,830.40, gaining 27 points or 0.31 percent from the previous close. The day's trading range was between 8,790.40 and 8,837.40. Mercury NZ topped gains with a surge of 6.5 percent. Telix Pharma and Judo Capital Holdings followed with gains of more than 4 percent. Liontown Resources plunged 18.4 percent followed by Pilbara Minerals that declined 17.3 percent.

The NZX 50 of the New Zealand Stock Exchange gained 23 points or 0.17 percent to close trading at 13,276.24, versus the previous close of 13,253.73. The day's trading ranged between 13,215.26 and 13,314.02. Biotechnology company Pacific Edge topped gains with a surge of 12.8 percent amidst a positive news for its testing solution. Mainfreight topped losses with a plunge of 5.9 percent.

Wall Street had closed at record highs on Tuesday as a massive downward revision to the jobs data cemented hopes of a quarter-percentage rate cut by the Federal Reserve next week. The Dow Jones Industrial Average added 0.43 percent to finish trading at 45,711.34. The Nasdaq Composite also rallied 0.37 percent to close trading at 21,879.49.

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

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U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 2h 31minuter sedan

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 3h 50minuter sedan

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 3h 59minuter sedan

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 4h 33minuter sedan

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.

RTTNews | 5h 22minuter sedan

FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.

RTTNews | 5h 49minuter sedan

CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns

After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory. The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.

RTTNews | 6h 12minuter sedan

EURUSD	1.17097	GBPUSD	1.3545	AUDUSD	0.6622
USDJPY	147.325	USDCAD	1.38525	USDCHF	0.79851