Economic events
Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months
SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Xiao Yang | Visual China Group | Getty Images Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months […]
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Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images The U.S. Federal Reserve’s decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. “We’re very confident and optimistic with the rate […]
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CNBC’s Inside India newsletter: India’s deepening ties with natural gas
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story India is hungry for energy, and it’s doing something about it. As the country’s […]
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European markets open lower ahead of euro zone inflation data; Societe Generale jumps 8%
Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London’s FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs. Daniel Leal | Afp | Getty Images LONDON […]
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Asia markets mostly slip ahead of Bank of Japan decision, China factory activity figures
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a news conference at the central bank’s headquarters in Tokyo, Japan Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Thursday as investors look to the Bank of Japan’s rate decision, as well as key business activity figures from China. Economists polled by Reuters […]
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European markets fall over 1% as investors await UK budget; Campari shares slide 15%
Novo Nordisk shares fall to nine-month low Novo Nordisk shares on Wednesday fell to levels last seen in January of 2024 according to LSEG data, pulling back after competitor Eli Lilly posted weaker-than-expected quarterly results. Eli Lilly missed expectations for profit and revenue in the third quarter and cut its adjusted profit guidance for the […]
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China’s property market is expected to stabilize in 2025 — but stay subdued for years
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After […]
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Standard Chartered lifts income guidance again after beating third-quarter profit forecasts
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management division. Here are Standard Chartered’s results compared with LSEG SmartEstimate, which is weighted […]
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Eyeing U.S. election, China considers over $1.4 trillion in extra debt over next few years, Reuters reports
This photo taken on September 24, 2023, shows residential buildings in Chongqing, in southwest China. Stringer | Afp | Getty Images China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with […]
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Asia-Pacific markets set for mixed open; Australia inflation data in focus
The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Kristof Z. Markovics | Nurphoto | Getty Images Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in […]
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