European stocks and US equity futures fluctuated as investors assessed prospects for less-aggressive central bank tightening and weighed China’s latest move to stimulate its economy. Know more:
European stocks and US equity futures fluctuated as investors assessed prospects for less-aggressive central bank tightening and weighed China’s latest move to stimulate its economy.
Contracts for the S&P 500 and Nasdaq 100 inched higher, with energy companies echoing gains in their European peers in premarket trading. Apple Inc. slipped after a report that production of iPhones in November could fall by at least 30% at a Chinese plant where worker protests have disrupted operations.
The dollar fluctuated after three straight days of losses. Treasuries steadied after rising during Asian trading. US markets will have a shortened session on Friday. on Friday cut the amount of cash lenders must hold in reserve for the second time this year, an escalation of support for an economy racked by surging Covid cases and a continued property downturn. The offshore yuan edged lower.
“In the next 12 months things will get better. We have seen this playbook before across other economies,” she said on Bloomberg Television. “We’ll begin to see outperformance very soon in the next few quarters.”
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.
Denmark reignites European dispute with FIFA at World Cup - BusinessMirrorDOHA, Qatar—European soccer showed its public frustration with FIFA president Gianni Infantino again Wednesday at the World Cup — this time in the Denmark camp. Denmark pledged it wouldn't vote for Infantino, who is running unopposed for re-election in March. Danish soccer federation president Jesper Møller also hinted at wishing to walk away from FIFA membership. “I’ve
Read more »
European shares subdued, retailers in focus as holiday shopping kicks offEuropean stocks were subdued on Friday, with retail companies under pressure as the holiday shopping season kicked off amid worries of a sharply slowing global economy and sky-high inflation. The
Read more »
European embassies, NGOs cycle towards VAWFreePHGroups of men and women including ambassadors of some EU embassies to the Philipines, NGOs and advocacy group members, all donning orange shirts, cycled around Intramuros, Manila, to kickoff the 18-day violence against women campaign.
Read more »
Stocks up again on hopes of slower rate hikesThe local stock market ended slightly higher on the strength of banking stocks amid optimism over policy rates.
Read more »
Stocks, peso sustain rally; Converge, ALI lead gainersSeven of the 10 most actives stocks ended in the green, led by Converge ICT Inc. which jumped 6.7 percent to P16.00 and Ayala Land Inc. which climbed 3 percent to P29.30. READ:
Read more »
Stocks rally past the 6,600 levelThe local stock market finished strong after a sluggish start to end the week at the 6,600 level as foreign buying continued.
Read more »