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ADB Trims Developing Asia's Growth Outlook
The Asian Development Bank trimmed developing Asia's growth outlook citing the impact of higher US trade tariffs on exports. Developing Asia is forecast to grow 4.8 percent this year, down from the previous outlook of 4.9 percent, the ADB said in its Asian Development Outlook, released Tuesday. Similarly, the projection for next year was downgraded to 4.5 percent from 4.7 percent.
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352 days ago
European Shares Edge Lower In Lackluster Trade
European stocks traded lower on Tuesday due to uncertainty around U.S. President Donald Trump's trade tariffs and U.S. government shutdown fears amid a partisan deadlock in Congress over spending and healthcare leaves.
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352 days ago
Asian Shares Mixed On US Shutdown Fears
Asian stocks ended mixed on Tuesday as investors fretted over a possible U.S. government shutdown, which could start Tuesday midnight (local time) if Congress fails to reach an agreement.
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352 days ago
Australian Dollar Rises After RBA Rate Decision
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia retained its interest rate, as widely expected, after lowering it in August.
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352 days ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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352 days ago
UK GDP Growth Slows As Estimated
The UK economy grew at a slower pace in the second quarter as increases in services and construction were partially offset by the contraction in production, the Office for National Statistics reported Tuesday. Real gross domestic product expanded by an unrevised 0.3 percent in the second quarter, following a quarterly growth of 0.7 percent in the first quarter.
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352 days ago
European Economic News Preview: Germany Unemployment, Inflation Data Due
Unemployment and flash consumer prices from Germany and revised GDP from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes revised UK GDP data. The preliminary estimate showed that the economy expanded 0.3 percent after rising 0.7 percent in the first quarter.
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352 days ago
more news
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.
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352 days ago
European Shares Seen Tad Lower As US Shutdown Looms
European stocks are seen opening a tad lower on Tuesday as a U.S. government shutdown loomed and U.S. President Donald Trump unveiled new tariffs on timber and wood furniture, escalating his trade war in the name of national security and boosting domestic manufacturing.
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352 days ago
Sensex, Nifty Marginally Higher After Recent Losses
Indian shares were flat to slightly higher on Tuesday, tracking muted cues from other Asian markets as a U.S. government shutdown loomed.
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353 days ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains in mining and technology stocks partially offset by weakness in energy and financial stocks.
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353 days ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid increasing expectations of a U.S. Fed interest rate cut next month after recent data showed US consumer price inflation rose in line with estimates in August. Concerns about a potential partial U.S. government shutdown are weighing on market sentiment.
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353 days ago
Sensex, Nifty Seen Opening Little Changed On Muted Global Cues
Indian shares are seen opening largely unchanged on Tuesday, tracking muted cues from global markets as investors brace for a potential U.S. government shutdown, digest hawkish comments from Federal Reserve officials and await key economic data for direction.
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353 days ago
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