Asian stocks up, US futures slip on Netflix, Tesla results FMTNews FMTBusiness
SINGAPORE: Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed US futures lower.
China stocks have been under pressure in recent weeks as soft economic data weighed on sentiment, with investors waiting for meaningful stimulus to jump-start the country’s stuttering post-pandemic recovery. Britain’s high rate of inflation fell more than expected in June to its slowest in over a year at 7.9%, data showed on Wednesday, with markets dialling back expectations of further aggressive rate hikes from the Bank of England.The Bank of England is due to meet in the first week of August but before that central bank meetings in Japan, Europe and the US will likely grab investors’ attention.
Markets seem a lot more certain of the Federal Reserve’s next steps, with traders expecting a 25 basis point hike but no more after that. Overnight, the Dow Jones Industrial Average and S&P 500 index rose modestly, with the blue-chip Dow registering its eighth straight day of gains.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks split as US-China outlooks divergeGrowth concerns weighed on China’s shares, while solid US data raised the odds of avoiding a recession.
Read more »
Tesla Malaysia: Pavilion KL among first Supercharger locations with eight charging baysKUALA LUMPUR, July 19 ― Ahead of Tesla Malaysia’s official launch tomorrow, one of the first Tesla Supercharger locations has been confirmed and it’s located at Pavilion...
Read more »
Tesla Malaysia: Pavilion KL is first Supercharger location in Malaysia with 8 charging bays - SoyaCincauHere's a look at one of Malaysia's first Tesla Superchargers located at Pavilion KL basement carpark. These chargers can push up to 270km of range in just 15 minutes.
Read more »
Tesla Model Y Malaysia: Here's where you can check out Tesla's electric SUV this weekend - SoyaCincauHere's where you can check out the Tesla Model Y in Malaysia this coming weekend. The Tesla Model Y starts from RM199,000 and it is a fully electric SUV with up to 533km of range.
Read more »
Join us at EVx Expo Malaysia | Tesla EventsThe Tesla Model Y will be at EVx 2023 this weekend. Come, entrance is free.
Read more »
Tesla earnings rise to US$2.7 billion on increased sales, lower prices | The Malaysian InsightTesla earnings rise to US$2.7 billion on increased sales, lower prices
Read more »