At the press time, Japan’s Nikkei225 erased 1.40%, Nifty50 tumbled 1.23%, and Hang Seng slipped 0.23%. While China A50 jumped 0.30% on mixed inflation data.China’s National Bureau of Statistics has reported the annual inflation at 2.1%, similar to the prior print but a little lower than the estimates of 2.2%. While the Producer Price Index (PPI) has come in line with the forecast of 6.4% and is significantly lower than the prior print of 8%. This has delighted the People’s Bank of China (PBOC) to keep up with the prudent monetary policy.
Even as the first balls were struck at the most lucrative tournament in golf’s history the bitter power struggle rocking the sport’s foundations intensified on Thursday. Read more >>
Asian Stock Market: Mixed on positive DXY, RBI raises repo rate by 50 bps, China Inflation eyedMarkets in the Asia n domain are trading mixed amid different respective fundamentals. A recovery in Wall Street on Tuesday was expected to infuse opti
US Treasury Secretary Janet Yellen: Does not think the US is going to have a recessionSpeaking at a New York event, US Treasury Secretary Janet Yellen explained that she does not think the US is going to have a recession. Key comments E Ross_Burland Ok… we’re definitely headed for a recession. Ross_Burland We’re in a recession Ross_Burland inverseyellen