Malaysia Trade Data On Tap For Wednesday
(RTTNews) - Malaysia will on Wednesday release March figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
Imports are expected to rise 1.7 percent on year, slowing from 12.4 percent in February. Exports are called lower by an annual 3.5 percent after climbing 9.8 percent in the previous month. The trade surplus is pegged at MYR19.80 billion, up from MYR19.80 billion a month earlier.
Japan will see final February numbers for industrial production, with no revision expected from the preliminary report that suggested an increase of 4.5 percent on month.
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Fed Raises Interest Rates For First Time Since July 2023
For the first time since July of 2023, the Federal Reserve announced on Wednesday that it has decided to raise interest rates. The Fed said it decided to raise the target range for the federal funds rate by 25 basis points to 3.75 to 4 percent in support of its dual mandate.
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TSX Modestly Higher; Dollarama Rises On Earnings, Outlook
The Canadian market remains firmly placed in positive territory around mid afternoon on Wednesday. Easing oil prices and lower bond yields contribute to the positive mood in the market.
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Swiss Market Ends On Firm Note
After a flat start, Swiss stocks edged higher and stayed positive right through the trading session to settle on a firm note on Wednesday.
A sharp drop in oil prices and lower bond yields helped lift sentiment. Investors awaited the Federal Reserve's monetary policy announcement.
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European Stocks Close Broadly Higher As Oil Prices Drop
European stocks closed broadly higher on Wednesday as weak oil prices and lower bond yields helped lift sentiment. Investors digested the latest batch of regional economic data and looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.
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U.S. Business Inventories Climb Much More Than Expected In July
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U.S. Housing Market Index Pulls Back To One-Year Low In September
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U.S. Import Prices Rebound More Than Expected In August
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4h 23min ago
U.S. Retail Sales Jump 1.2% In August, Much More Than Expected
Retail sales in the U.S. shot up by much more than expected in the month of August, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales jumped by 1.2 percent in August after falling by a revised 0.5 percent in July. Economists had expected retail sales to increase by 0.7 percent.
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4h 38min ago
