Category Archive

Karen Gilchrist

@_karengilchrist

LONDON — European markets mover lower Friday as investors digested a slew of central bank rate decisions this week and their impact on the global economy.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• The Bank of Japan kept its benchmark interest rate steady at around 0.25% — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. 
• Japan’s core consumer prices index in August climbed 2.8% year on year, in line with Reuters estimates, versus a 2.7% rise in the previous month.
• China also kept its key lending rates steady, with the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. 

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• In lockstep with the Fed, the Hong Kong Monetary Authority cut its interest rate by 50 basis points to 5.25%, as the city’s currency is pegged to the greenback.
• The Bank of Japan has kicked off a two-day meeting ending Friday, where the central bankers will make a key rate decision, after it ended the decades-long ultralow interest rates earlier this year.
• New Zealand’s GDP for the second quarter contracted by 0.2% from the previous quarter, according to the official data released Thursday morning, less than Reuters poll estimates of a 0.4% decline.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Investors await the Federal Reserve’s rate decision due Wednesday stateside, and assessed economic data from Japan. Indonesian central bank’s rate decision is also due later in the day.
• South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday.

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Karen Gilchrist@_karengilchrist

LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Traders in Asia assessed Singapore’s non-oil domestic exports for August, which rose 10.7% from a year ago, official data showed Tuesday.
• Tuesday’s economic data also includes India’s wholesale prices for August, which are anticipated to have gained 1.85% year on- ear, a cooler reading than 2.04% in July.
• Shares of Chinese appliance maker Midea Group surged over 9% in their Hong Kong debut, following the city’s largest IPO in more than three years.

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Author : Ambar Warrick

Investing.com– Most Asian stocks rose on Friday as focus turned to the Federal Reserve’s first potential interest rate cut in over four years, with Hong Kong markets leading gains on bargain buying into local technology heavyweights.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks rallied Thursday as investors in the region await the latest monetary policy decision from the European Central Bank.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.
• India is also poised to release its August consumer price index later Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• South Korea reported that August unemployment fell to 2.4%, the lowest level since 1999, when the data series commenced, according to Statistics Korea.
• The televised presidential debate between Republican presidential nominee Donald Trump and Democratic Vice President Kamala Harris is the immediate focus for investors

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