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Vodafone, Microsoft Partner In Generative AI, Digital Services, Cloud
British telecom major Vodafone Group Plc announced a 10-year strategic partnership with tech major Microsoft Corp. with a view to provide generative AI, digital and cloud services to customers. The move will help Vodafone to offer scaled digital platforms to more than 300 million businesses, public sector organisations, and consumers across Europe and Africa using Microsoft's generative AI.
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Australia Consumer Sentiment Weakens On Higher Cost Of Living, Interest Rates
Australia consumer confidence weakened further at the start of the year as the rising cost of living and high interest rates continued to weigh on incomes, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index dropped to 81.0 in January from 82.1 in December.
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Antipodean Currencies Fall Amid Rate Cut Speculations
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Tuesday, as investors temper rate cut expectations on the first monetary policy decisions of the year from major global central banks.
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NZ Dollar Drops Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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European Shares Seen Lower As Traders Temper Rate Cut Expectations
European stocks may open on a sluggish note Tuesday as investors temper rate cut expectations.
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European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK unemployment data for November. The jobless rate is expected to rise to 4.3 percent in three months to November from 4.2 percent in the preceding period.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty Little Changed As Traders Pare Rate Cut Bets
Indian shares fluctuated in early trade on Tuesday amid weakness in global markets as traders pared bets the Federal Reserve will cut interest rates in March.
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Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from European markets overnight, as the US dollar strengthens against most currencies in the region. Traders also cautiously await the first monetary policy decisions of the year from major global central banks. Asian markets closed mixed on Monday.
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Sensex, Nifty Seen Lower At Open
Indian shares are seen opening lower on Tuesday after a strong rally in the previous session.
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Japanese Market Significantly Lower
Snapping the six-session long record rally, the Japanese stock market is significantly lower on Tuesday, with the Nikkei 225 falling below the 35,700 mark, following the broadly negative cues from European markets overnight, with losses across most sectors led by financial and technology stocks.
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Australian Market Sharply Lower
Adding to the slight losses in the previous two sessions, the Australian stock market is sharply lower on Tuesday, following the broadly negative cues from European markets overnight. The benchmark S&P/ASX 200 is falling to near the 7,400 level, with losses across most sectors led by mining and energy stocks.
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