South Korea Rate Decision On Tap For Friday

RTTNews | 1035天前
South Korea Rate Decision On Tap For Friday

(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoK is expected to hike its benchmark lending rate by 25 basis points, from 3.25 percent to 3.50 percent.

Japan will release December data for its M2 and M3 money stock. The M2 is expected to rise 3.2 percent on year, up from 3.1 percent in November. The M3 was at 2,087.7 trillion yen in November.

Australia will see November figures for home loans; in October, home loans were down 2.9 percent on month and investment lending fell 2.2 percent.

China will release December data for imports, exports and trade balance. Imports are expected to sink 9.8 percent on year after slipping 10.6 percent in November. Exports are called lower by an annual 10.0 percent after shedding 8.7 percent in the previous month. The trade surplus is pegged at $76.20 billion, up from $69.84 billion a month earlier.

read more
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
RTTNews | 1小时7分钟前
Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
RTTNews | 5小时30分钟前
FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.
RTTNews | 6小时48分钟前
CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | 7小时45分钟前
DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
RTTNews | 8小时12分钟前
Yen Falls After Japan PM Takaichi Comments

Yen Falls After Japan PM Takaichi Comments

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.
RTTNews | 10小时11分钟前