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Sensex, Nifty End Modestly Higher In Cautious Trade

Indian shares eked out modest gains in cautious trade on Tuesday as investors awaited key inflation readings in the U.S. and Europe due this week for clues on the timing and pace of interest rate cuts.
RTTNews | 947 hari yang lalu
Malaysian Ringgit Is Undervalued - Central Bank

Malaysian Ringgit Is Undervalued - Central Bank

Malaysia's currency ringgit is undervalued and should be trading higher given the economic fundamentals, the country's central bank said Tuesday as it tries to prop up the currency that is trading near 26-year lows. "The ringgit ought to be traded higher," Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said citing the country's economic fundamentals and prospects.
RTTNews | 947 hari yang lalu
FTC, States Sue To Block Kroger's $24.6 Bln Albertsons Deal

FTC, States Sue To Block Kroger's $24.6 Bln Albertsons Deal

The Federal Trade Commission or FTC along with a group of nine attorneys general have filed a lawsuit to block Kroger Co.'s proposed $24.6 billion acquisition of the Albertsons Companies, Inc., alleging that the deal is anticompetitive. In the move, FTC alleges that the planned merger, which would be the largest among supermarkets in U.S. history, will eliminate competition and raise grocery
RTTNews | 947 hari yang lalu
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DAX Edges Up As Consumer Confidence Improves

DAX Edges Up As Consumer Confidence Improves

German stocks edged up slightly on Tuesday after survey results from market research group GfK showed consumer confidence in Germany is set to improve slightly in March.
RTTNews | 947 hari yang lalu
Antipodean Currencies Slide As Asian Markets Traded Lower

Antipodean Currencies Slide As Asian Markets Traded Lower

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, after Asian stock market traded lower following the broadly negative cues from Wall Street overnight, as traders largely stayed cautious and seem reluctant to make significant moves ahead of some key economic data, including a report on U.S. consumer price inflation said to be preferred by the U.S. Fed.
RTTNews | 948 hari yang lalu
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 948 hari yang lalu
European Economic News Preview: Germany GfK Consumer Confidence Due

European Economic News Preview: Germany GfK Consumer Confidence Due

Consumer confidence survey results from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Germany's market research group GfK releases consumer confidence survey results. The forward-looking sentiment index is forecast to improve to -29.0 in March from -29.7 in the previous month.
RTTNews | 948 hari yang lalu

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