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CAC 40 Edges Higher In Lackluster Trade
French stocks edged up slightly on Wednesday ahead of an address by Italian Prime Minister Mario Draghi. He will address the Senate before facing a confidence vote amid a political crisis.
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1513 days ago
DAX Holds Steady On Easing Energy Supply Worries
German stocks held steady on Wednesday as investors cheered stronger than expected earnings from U.S. streaming group Netflix and awaited Italian Premier Mario Draghi's parliament address.
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1513 days ago
Asian Shares Rally On Earnings Optimism
Asian stocks posted strong gains on Wednesday after Wall Street rallied to its best day in more than three weeks overnight, helped by reasonably healthy corporate earnings for the past quarter.
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1513 days ago
Australian, NZ Dollars Higher As Asian Stocks Rally
The Australian and NZ dollars climbed against their major counterparts in the Asian session on Wednesday, as Asian markets followed Wall Street higher, following strong earnings reports and on indications that Russia's state-owned energy company, Gazprom, will be restarting gas flows via the Nord Stream 1 pipeline on Thursday.
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1513 days ago
UK Inflation Strongest In 4 Decades
UK consumer prices grew at the sharpest pace in four decades in June and factory gate inflation hit the highest since 1977, raising prospects of a 50 basis point rate hike by the Bank of England at its August meeting. Consumer price inflation accelerated more-than-expected to 9.4 percent in June on rising motor fuel and food prices, the Office for National Statistics said Wednesday. Inflation wa
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1513 days ago
RBA Needs To Chart Credible Path To Bring Inflation To 2-3%, Says Lowe
The Reserve Bank of Australia should chart a credible path to bring inflation back to 2-3 percent range without hurting the economy and the labor market, Governor Philip Lowe said Wednesday. Although it is possible to do this, but the path ahead is a narrow one and it is clouded in uncertainty, Lowe said at the Australian Strategic Business Forum in Melbourne.
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1513 days ago
European Shares Likely To Extend Rally On Earnings Optimism
European stocks look set to extend gains for a fourth day running on Wednesday amid speculation the worst of inflation may be over.
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1513 days ago
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European Economics Preview: UK Inflation Data Due
Consumer and factory gate prices 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 consumer and producer prices for June. Consumer price inflation is seen rising to 9.3 percent in June from 9.1 percent in May. Economists forecast output price inflation to advance to 16.0 percent in June.
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1513 days ago
Sensex Soars Over 700 Points; Nifty Tops 16,500
Indian shares opened sharply higher on Wednesday, tracking strong global markets as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe boosted investors' appetite for riskier assets.
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1513 days ago
Asian Markets A Sea Of Green On Global Cues
Asian stock markets are trading higher on Wednesday, following the broadly positive cues from the global markets overnight, amid fading concerns about an aggressive rate hike by the US Federal Reserve at its upcoming monetary policy meeting later this month. Optimism about upcoming earnings news is also aiding market sentiment, with a majority of the companies beating expectations so far.
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1513 days ago
Sensex, Nifty Set To Extend Gains Amid Global Rally
Indian shares may follow global peers higher on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped boost investor sentiment.
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1513 days ago
Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Wednesday, expending the gains in the previous four sessions, with the Nikkei 225 adding more than 600 points to be just below 27,600 level, tracking the broadly positive cues from global markets overnight, with gains across most sectors, particularly technology, exporter and financial stocks.
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1513 days ago
Thai Stock Market Tipped To Bounce Higher Again On Wednesday
The Thai stock market headed south again on Tuesday, one day after halting the five-day losing streak in which it had slumped almost 30 points or 1.9 percent. The Stock Exchange of Thailand now rests just beneath the 1,535-point plateau although it's predicted to rebound again on Wednesday.
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1513 days ago
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