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Asian Shares Muted; Chinese And Hong Kong Markets Extend Rally On Stimulus Cheer

Asian Shares Muted; Chinese And Hong Kong Markets Extend Rally On Stimulus Cheer

Asian stocks were muted on Wednesday, even as Chinese and Hong Kong markets posted strong gains to extend the previous session's rally after China's central bank slashed its medium-term lending facility from 2.3 percent to 2.0 percent, marking the largest reduction of interest rates for one-year loans to financial institutions in history.
RTTNews | 742 hari yang lalu
French Consumer Confidence Strongest Since Early 2022

French Consumer Confidence Strongest Since Early 2022

French consumer sentiment strengthened to the highest level in more than two years in September, survey results from the statistical office INSEE showed on Wednesday. The consumer confidence index rose to 95 from revised 93 in August. The score was forecast to remain unchanged at August's initially estimated value of 92.0.
RTTNews | 742 hari yang lalu
U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday, as traders speculate for another half-point rate cut in November.
RTTNews | 742 hari yang lalu
Australia Inflation At 3-Year Low

Australia Inflation At 3-Year Low

Australia's inflation slowed to a three-year low in August on falling auto fuel and electricity prices, the Australian Bureau of Statistics reported Wednesday. Annual inflation eased to 2.7 percent in August from 3.5 percent in July. This was the lowest since August 2021 and matched expectations. CPI inflation excluding volatile items and holiday travel was 3.0 percent in August, down from 3.7 p
RTTNews | 742 hari yang lalu
FDA Approves IntraBio's Aqneursa For Niemann-Pick Disease, Type C

FDA Approves IntraBio's Aqneursa For Niemann-Pick Disease, Type C

The U.S. Food and Drug Administration approved IntraBio Inc.'s Aqneursa (levacetylleucine) for the treatment of neurological symptoms associated with Niemann-Pick disease type C or NPC in adults and pediatric patients weighing at least 15 kilograms. The latest decision follows the agency's last week's approval of the first treatment for NPC in adults and children 2 years of age and older...
RTTNews | 742 hari yang lalu
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European Shares Likely To Open On Cautious Note

European Shares Likely To Open On Cautious Note

European stocks are seen opening on a sluggish note Wednesday as enthusiasm for China's economic stimulus began to wane and new data indicated that the U.S. economy could be slowing down.
RTTNews | 742 hari yang lalu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by markets in China, Hong Kong and Taiwan after China's central bank unveiled its biggest stimulus since the pandemic to support the nation's economy, primarily the property sector. Spike in commodity prices also supported the markets.
RTTNews | 743 hari yang lalu
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, adding to the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,000 mark, with gains in exporters and technology stocks partially offset by weakness in financial stocks.
RTTNews | 743 hari yang lalu
Thai Shares Tipped To Open To The Upside On Wednesday

Thai Shares Tipped To Open To The Upside On Wednesday

The Thai stock market on Tuesday wrote a finish to the two-day slide in which it had slipped almost 7 points or 0.5 percent. The Stock Exchange of Thailand now sits just above the 1,460-point plateau and it may open higher again on Wednesday.
RTTNews | 743 hari yang lalu

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