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UK GDP Unexpectedly Stagnates In July
The UK economy unexpectedly stagnated in July as falls in production and construction was offset by an increase in services output, official data revealed Wednesday. Real gross domestic product showed nil growth for the second straight month, the Office for National Statistics reported. GDP was forecast to grow 0.2 percent.
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Swiss Franc Advances Against Most Majors
The Swiss franc strengthened against most major currencies in the Asian session on Wednesday.
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Amazon To Invest GBP 8 Bln In UK To Expand AWS Data Centers
Amazon Web Services or AWS, the cloud computing division of e-commerce giant Amazon.com Inc., announced plans to invest 8 billion pounds or around $10.45 billion over the next five years, to build, operate and maintain data centers in the U.K. The move is estimated to contribute 14 billion pounds to the UK's total Gross Domestic Product or GDP over the next five years through to 2028.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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European Shares Likely To Open On Soft Note Before US Inflation Data
European stocks are likely to open on a sluggish note Wednesday after the much-anticipated showdown between Donald Trump and U.S. Vice President Kamala Harris offered little policy details on issues such as immigration, foreign policy and healthcare.
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European Economic News Preview: UK GDP Data Due
Monthly GDP and foreign trade figures from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is expected to grow 0.2 percent in July after staying flat in June.
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Sensex, Nifty Marginally Higher In Early Trade
Indian shares were marginally higher on Wednesday despite mixed cues from global markets ahead of key U.S. inflation readings due this week.
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Berita lainnya
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders remained cautious and looked ahead to the release of closely watched key US inflation data later in the week that could impact the outlook for rates, including the pace of rate cuts. Asian markets closed mixed on Tuesday.
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Sensex, Nifty To Follow Asian Peers Lower
Indian shares are seen opening a tad lower on Wednesday due to lingering concerns surrounding U.S. and Chinese growth.
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Japanese Market Significantly Lower
The Japanese stock market is trading significantly lower on Wednesday, adding to the slight losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 35,900 level, with weakness across all sectors led by index heavyweights and financial stocks.
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Soft Start Predicted For Thai Stock Market
The Thai stock market on Tuesday wrote a finish to the five-day winning streak in which it had accelerated more than 80 points or 5.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,430-point plateau and it may take further damage on Wednesday.
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Indonesia Bourse May Hand Back Tuesday's Gains
The Indonesia stock market bounced higher again on Tuesday, one day after snapping the three-day winning streak in which it had collected more than 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,760-point plateau although it may head south again on Wednesday.
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Australian Market Slightly Lower
Australian stock market is slightly lower in choppy trading on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 8,000 mark, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining stocks.
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