Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. A pall of gloom continues to hang over India’s stock market, with Nifty futures offering little respite. As…
BANGKOK (AP) — Shares rose in European trading after a retreat in Asia on Thursday following a report showing inflation in the U.S. was roughly as expected last month. Germany’s DAX surged 1.2% to 19,223.90 and the CAC 40 in Paris advanced 0.8% to 7,274.79. Britain’s FTSE 100 edged 0.1% higher, to 8,042.07. The futures…
ZHUHAI- China (AP) — A top Russian defense official has attended China’s premier military showcase in a show of unity between the countries as Russia continues its invasion of Ukraine. Sergei Shoigu, secretary of the Russian Federation Security Council, was in the southern city of Zhuhai to view Chinese and Russian aircraft and other military…
A typhoon is brewing over Hong Kong but for the first time in decades, it’s business as usual for the city’s $5.4 trillion stock market. Traders, brokers and money managers clocked in on Thursday morning as the financial hub ended a long-standing practice of shutting its markets during severe weather, in a bid to keep…
For the first time on Thursday, Hong Kong’s stock exchange will keep its markets open through severe weather. The Hong Kong Observatory saidBloomberg Terminal it will issue a so-called Typhoon Signal 8, the third highest, at 11:10 p.m. local time Wednesday as tropical storm Toraji is edging closer to the Pearl River Estuary and local…
WUHAN, China, Nov. 13, 2024 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2…
China needs to deploy more economic stimulus if copper demand is to revive, according to a major importer of the metal. The government has issued a slew of measures since late September to shore up confidence in the world’s biggest buyer of metals, where a prolonged slowdown in the property market is dragging on growth….
Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Equities excluding the US are tumbling, with an MSCI gauge capping its worst day since the Aug. 5 global rout. An index of developing-market currencies…
Treasury yields climbed and the dollar hit a two-year high ahead of key inflation data that could further sap confidence in the pace of Federal Reserve interest-rate cuts. Stocks in Asia are set to open lower after a breakneck US rally ran out of steam. Source link
Hong Kong — President-elect Donald Trump has threatened to slap up a tariff of up to 60% on all goods imported to the U.S. from China. While that may sound like a potent economic threat to a country where economic growth is already faltering, could it actually be just what China needs? “I do expect…