Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. "It makes sense to cut the FOMC's policy rate by 25 basis points two weeks from now," Waller told a gathering of the Money Marketeers of New York University. "I see the hard and soft data on economic activity and the labor market as consistent: The economy is still growing, but its momentum...
Japanese stocks fell after the close on Friday, as losses in the Shipbuilding, Precision Instruments and Retail sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.52%. The best performers on the Nikkei 225 were Chiba Bank Ltd (TYO:8331), which rose 4.21% or 50.50 points to trade at 1,250.50 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 3.62% or 215.00 points to close at 6,155.00 and Dai-ichi Life Holdings Inc (TYO:8750) gained 3.53% or 138.00 points to 4,051.00 in late trade. The worst performers were Nissan Motor Co., Ltd. (TYO:7201),...
European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone inflation data, which could influence the European Central Bank's interest rate decision in December. Traders will also be looking at preliminary inflation figures for France and Italy, as well as retail sales data for Germany. Meanwhile, there are no major earnings releases scheduled for today. In premarket trading, Euro Stoxx 50 futures dropped 0.2%, while Stoxx 600 futures slipped 0.1%.European equity markets were poised to open slightly lower on Friday as investors braced for Eurozone...
Hong Kong stocks fell 42 points, or 0.2%, to 19,328 on Friday morning, down for a second session amid continued caution ahead of China's official November PMI figures due later this week. The Hang Seng is on track for a second straight monthly decline, down nearly 5% so far, weighed down by growing concerns over the impact of Sino-U.S. trade tensions from the current and incoming administrations. A decline in financial stocks dragged on the index, amid uncertainty over whether Beijing will introduce new policy measures to support the Chinese economy as the year ends. Source: Trading...
The Nikkei 225 Index fell 0.7% to below 38,100, while the broader Topix Index fell 0.4% to 2,677 on Friday, reversing some of the previous session's gains. Investors were reacting to data showing that Tokyo inflation rose above 2% in November, fueling speculation that the Bank of Japan will raise interest rates next month. Markets now price in a 60% chance of a 25 basis point rate hike in December, up from about 50% a week ago. Meanwhile, the latest data on industrial production, retail sales and employment showed signs of slowing economic activity. Technology stocks led the decline, with...
The pan-European Stoxx 600index ended up 0.45%, having slightly pulling back from earlier gains. Banking stocks led the pack, up 0.98%, while household goods were a rare outlier, down 0.67%. France's CAC 40 index rose 0.51%, rebounding from a decline Wednesday even as the country's risk premium drew level with Greece's for the first time amid ongoing political turmoil.Shares of British insurance firm Direct Line jumped 42%, hitting their highest level since early 2023, after it said a takeover offer from rival Aviva "substantially undervalued" the company. The stock ended the day 41%...
According to a statement by the Federal Reserve (Fed), Fed Chair Jerome Powell met with United States (US) President Donald Trump on Thursday, where the head of the Fed reiterated that the Fed's...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...