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China Stock Market May Spin Its Wheels On Wednesday
The China stock market has moved higher in consecutive trading days, gathering more than 80 points or 2.6 percent along the way. The Shanghai Composite Index now sits just above the 3,300-point plateau although it's predicted to open under pressure on Wednesday.
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Australia Wage Price Index Rises 0.8% In Q4
The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the fourth quarter of 2022, the Australia Bureau of Statistics said on Wednesday.
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Australia Construction Work Done Slips 0.4% In Q4
The value of total construction work done in Australia was down a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$55.272 billion.
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Soft Start Expected For Taiwan Stock Market
The Taiwan stock market has finished higher in back-to-back sessions, advancing more than 80 points or 0.6 percent along the way. The Taiwan Stock Exchange now rests just above the 15,560-point plateau although it's likely to run out of steam on Wednesday.
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Japan Producer Prices Climb 1.6% On Year In January
Producer prices in Japan were up 1.6 percent on year in January, the Bank of Japan said on Wednesday, after rising 1.5 percent in December.
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Singapore Bourse Expected To Extend Losing Streak
The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.6 percent along the way. The Straits Times Index now rests just above the 3,300-point plateau, although it's likely to give up that support on Wednesday.
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Malaysia Stock Market May Extend Tuesday's Losses
The Malaysia stock market on Tuesday snapped the three-day losing streak in which it had slumped more than 15 points or 1 percent. The Kuala Lumpur Composite Index now rests just shy of the 1,475-point plateau and the losses may accelerate on Wednesday.
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South Korea Stock Market Tipped To Open Under Pressure
The South Korea stock market has ticked higher in back-to-back sessions, gathering just 7 points or 0.3 percent in that span. The KOSPI now rests just shy of the 2,460-point plateau, although the rally is expected to tall on Wednesday.
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New Zealand Rate Decision On Tap For Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBNZ is expected to hike its Official Cash Rate by 50 basis points, from 4.25 percent to 4.75 percent.
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U.S. Dollar Showing Modest Move To The Upside
Following the lackluster performance seen during the Presidents Day holiday on Monday, the value of the U.S. dollar has moved modestly higher during trading on Tuesday.
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Swiss Stock Market Extends Winning Streak
The Swiss stock market ticked higher on Tuesday, closing in the green for the third straight session and advancing more than 85 points or 0.8 percent in that span. That defied the rest of the European markets, which finished mostly in the red.
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European Markets Finish Lower On Tuesday
The major European stock markets opened lower on Tuesday and spent all day in the red, finishing with modest losses.
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Canadian Dollar Retreats As Annual Inflation Slows
The Canadian dollar eased against its major counterparts in the New York session on Tuesday, as the nation's annual inflation slowed more than expected in January.
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