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...
Hong Kong's stock market ended higher on Thursday with the benchmark Hang Seng Index up 1.43 percent to close at 20,891.62 points. The Hang Seng China Enterprises Index jumped 1.64 percent to end at 7,690.35 points, and the Hang Seng Tech Index climbed 2.62 percent to close at 5,059.38 points. Sumber : CTX
The STOXX 50 gained 0.4% and the STOXX 600 added 0.5% on Thursday, marking a third consecutive session of gains, boosted by strong corporate results. Shares of AstraZeneca gained almost 4% after the company's earnings and revenue topped forecasts and the pharmaceutical giant said it expects further sales. Societe Generale jumped about 7% after reporting a rise in Q4 revenue and saying it is targeting revenue growth and higher profitability for the year. Maersk soared more than 6% after the company started a $2 billion share buyback program. On the other hand, Volvo sank more than 7% after...
Japanese stocks rose after the close on Thursday, as gains in the Manufacturing, Steel and Automobiles & Parts sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.63%. The best performers on the Nikkei 225 were Renesas Electronics Corp (TYO:6723), which rose 12.60%, or 258.00 points, to close at 2,305.50. Meanwhile, Bandai Namco Holdings Inc (TYO:7832) rose 9.87%, or 433.00 points, to close at 4,822.00 and Nippon Electric Glass Co., Ltd. (TYO:7832) gained 1.00%, or 433.00 points, to close at 4,822.00. (TYO:5214) rose 9.24% or 313.00 points to close at 3,702.00...
Asia-Pacific markets opened higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. Australia's S&P/ASX 200 traded 0.9% higher. Japan's Nikkei 225 rose 0.39% at the open, while the Topix added 0.33%. South Korea's Kospi rose 0.45% while the Kosdaq traded 0.8% higher. Hong Kong's Hang Seng index futures were at 20,681, compared with the HSI's last close of 20,597.09. India's central bank is expected to cut benchmark interest rates in its policy meeting that's underway, as it strives to stimulate a...
Stocks rallied on Wednesday, pushing the Dow Jones Industrial Average and S&P 500 higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week. The gains came even as notable technology stocks Alphabet and AMD posted steep losses following earnings. The blue-chip Dow climbed 317 points, or 0.7%, led by gains in Nvidia.The broad market index rose about 0.4%, putting its week-to-date gains into positive territory at 0.3%. Meanwhile, the Nasdaq Composite ticked higher by 0.2%. Nvidia jumped 4% after the server maker Super...
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...