Asian Stock Market: Trades lower on the downbeat Chinese data, risk-off mood

dy’s downgraded the credit ratings of several midsize and small US lenders and issued a warning about possible cuts to the ratings of larger institutions.

In China, the latest data on Wednesday showed that the Chinese Consumer Price Index YoY fell 0.3% in July from 0% prior, and the market consensus anticipated a -0.4% decline. Meanwhile, the declined 4.4% YoY, compared to the 4.1% decrease YoY expected and a 5.4% drop prior. That said, the government will implement additional measures to boost consumer expenditure and enhance local liquidity. However, officials once again provided no significant details on the planned stimulus. The government's lack of specific plans has dampened investor expectations.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian Stock Market: Trades mixed, investors await Chinese/ Indian CPI dataAsian stock markets trade mixed on Monday following mixed US employment data. That said, the Nonfarm Payrolls in the US rose 187,000 in July, worse th
Fonte: FXStreetNews - 🏆 14. / 72 Leggi di più »

Stock market news today: Dow drops as Moody's downgrades 10 banksUS stocks opened lower on Tuesday, with the Dow shedding almost 300 points as investors assess Moody's downgrade of 10 small and mid-sized US banks. Moody's slashed the credit ratings on the banks on Monday, while also placing several other larger firms under review including Bank of New York Mellon, US Bankcorp, Northern Trust, and State Street.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Southeast Asian Market Shines as One of America's BestWhat was born out of necessity has now put the Southeast Asian Market on the map as one of the best in America, according to Food and Wine Magazine.
Fonte: 6abc - 🏆 250. / 63 Leggi di più »

Dish bonds rally with stock after all-stock merger with EchoStarBillionaire Charlie Ergen's decision to combine his two telecom companies, Dish Network Corp. and EchoStar Corp., in an all-stock deal sent their shares higher on Tuesday. The news also sparked a rally in the company's bonds.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Stock market setting up for a textbook seasonal correction, chart analysts sayLast week's declines for the S&P 500 could be the start of an August slump.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »