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European Shares Set For Cautious Start Before Nvidia Earnings
European stocks look set to open broadly lower on Wednesday as investors await Nvidia Corp.'s earnings due later in the day and digest the impact of fresh measures announced by Chinese policymakers to revive investor confidence.
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NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
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Sensex, Nifty Marginally Higher In Early Trade
Indian shares were marginally higher on Wednesday, with metal and auto stocks pacing the gainers.
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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders remain cautious and seemed reluctant to make significant moves ahead of the release of the minutes of the US Fed's latest monetary policy meeting later in the day. The Fed may provide additional insight into the outlook for interest rates.
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Sensex, Nifty Seen Little Changed At Open
Indian shares look set to open on a flat note Wednesday, tracking mixed cues from global markets.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to near the 38,300 level, with weakness in index heavyweights, technology and financial stocks.
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Thai Stock Market May Extend Tuesday's Losses
The Thai stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had picked up just 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just above the 1,380-point plateau and it may take further damage on Wednesday.
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Australian Market Notably Lower
The Australian stock market is trading notably lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,600 level, following the broadly negative cues from Wall Street overnight, dragged by strong losses in mining stocks amid weaker metal prices.
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Soft Start Seen For Indonesia Stock Market
The Indonesia stock market rebounded on Tuesday, one session after halting the two-day winning streak in which it had risen more than 125 points or 1.7 percent. The Jakarta Composite Index now sits just above the 7,350-point plateau although it's likely to turn lower again on Wednesday.
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Renewed Consolidation Called For Hong Kong Stock Market
The Hong Kong stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had jumped almost 600 points or 3.8 percent. The Hang Seng Index now sits just shy of the 16,250-point plateau although it's likely to head south again on Wednesday.
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China Investors May Lock In Gains On Wednesday
The China stock market has moved higher in five straight sessions, accelerating more than 220 points or 8 percent along the way. The Shanghai Composite Index now rests just above the 2,920-point plateau although it's overdue for profit taking on Wednesday.
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Australia Wage Price Index Climbs 0.9% In Q4
Australia's wage price index was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
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New Zealand Producer Price Inputs Rise 0.9% On Quarter In Q4
Producer price inputs in New Zealand were up 0.9 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said on Wednesday.
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