Global Markets News
SYDNEY - Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.
SYDNEY - The euro flirted with a two-year trough against the dollar early on Monday and was broadly weaker as investors gave the common currency a wide berth on prospects of more easing from the European Central Bank.
SHANGHAI - China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.
BEIJING - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.
MOSCOW - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.
NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
BANGKOK, Nov 21 - The Thai unit of India's largest steel maker, Tata Steel Group, said on Friday it expects to post a net profit for the fiscal year ending March 2015, bouncing back from a first-half loss by boosting sales of high-margin products.
LONDON, Nov 21 - Euro zone indexes were set for their first weekly gain this month as they rose early on Friday, with traders awaiting speeches from European Central Bank policymakers for clues as to whether more stimulus may be under way.
* FTSEurofirst 300 led higher by miners and euro zone banks
SHANGHAI, Nov 21 - Hong Kong shares snapped a four-day losing streak on Friday as profit-taking pressure eased, but ended lower on the week despite the highly-touted launch of a landmark link between the Hong Kong and Shanghai exchanges.
Asia/Pacific Market Reports
Americas Market Reports
Europe Market Reports
- Gold: PRECIOUS-Gold retains gains, firm above $1,200 on China rate cut
- Oil Report: GLOBAL MARKETS-Asia stocks jump as China, Europe step up stimulus
- US Dollar Report: FOREX-Euro hobbled by chance of more ECB action, Aussie perkier
- British Pound Report: Sterling slumps after BoE pushes back investors' rate hike bets