World Markets Daily News – In Brief –09/02/2024

ASIA/PACIFIC -The Australian stock market ended a choppy session marginally higher, extending its winning streak to three days after Reserve Bank of Australia Governor Michele Bullock said there is some way to go to meet the central bank’s inflation target. -Asian stocks ended mixed in thin trade Friday with Japan’s Nikkei hit fresh 34-year highs on Friday while markets in China, Indonesia,

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World Markets Daily News – In Brief –08/02/2024

ASIA/PACIFIC -The Australian stock market closed modestly higher on Thursday led by financial and real estate stocks. -Japan’s Nikkei led gains in Asia-Pacific markets on Thursday, hitting fresh 34-year highs, after Bank of Japan (BoJ) Deputy Governor Shinichi Uchida ruled out big rate hikes once the negative interest rate is lifted. -China appointed Wu Qing, a veteran securities regulator who had led

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World Markets Daily News – In Brief –07/02/2024

ASIA/PACIFIC -The Australian stock market recovered on Wednesday from its two-day losing streak with gains across most sectors amid a rebound in mining and energy stocks due to spiking commodity prices. -Shares of DBS jumped as much as 3% on Wednesday as Southeast Asia’s largest bank, reported a 2% year-over-year increase in fourth quarter net profit to $2.39 billion. -Major stock indices

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World Markets Daily News – In Brief –06/02/2024

ASIA/PACIFIC -The Australian stock market extended losses on Tuesday after the Reserve Bank kept rates on hold while warning inflation remained too high. -Asian stocks ended mixed on Tuesday, with markets in China and Hong Kong rallying after a government investment fund said it would expand purchases of stock index funds to to arrest a recent sell-off in Chinese equities. -The Thai

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World Markets Daily News – In Brief –05/02/2024

ASIA/PACIFIC -The Australian stock market has retreated from last week’s record high, with all but one sector trading in the red as markets awaited an interest rate decision from the Reserve Bank of Australia on Tuesday. -China stocks reversed losses on Monday rebounding off five-year lows as a cut to the reserve ratio requirements for banks came into effect and after the

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World Markets Daily News – In Brief –11/01/2024

ASIA/PACIFIC -The Australian stock market traded higher on Thursday rebounding from Wednesday’s losses. -Japan led the advance in Asian markets, with the Nikkei Average breaching the 35,000 mark for the first time since February 1990. -The Bank of Korea left its main lending rate unchanged at 3.50% for the eighth time in a row. EUROPE -European markets opened higher on Thursday as

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World Markets Daily News – In Brief –10/01/2024

ASIA/PACIFIC -The Australian stock market ended the day in the red dragged down by miners despite the latest consumer price index data showing inflation sank to to a near two-year low in November. -Asian stocks ended mostly lower on Wednesday with Japan bucking the trend. China’s CSI 300 closed at near 5-year lows, though Japan’s Nikkei urged 2.01% to cross the 34,000 mark

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