blue-chips dipped by around 0.2% , while the dollar clambered off a 4-week low against the other major world currencies as Japan's yen took a tumble ahead of a central bank meeting there on Friday.
ECB President Christine Lagarde's press conference, meanwhile, will focus on sticky core inflation "which will keep an additional hike in July on the table" and mean another is possible in September if financial conditions don't become too restrictive, he added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks rise as weak China data stokes stimulus hopes; euro waits on ECBAsian stocks hit two-month highs on Thursday and the dollar notched new peaks against the yen and the yuan as the Federal Reserve paused rate hikes while flagging more, drawing attention to the contrast with more dovish policy outlooks in Asia.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Stocks rise, dollar pares losses after Fed signals more hikes aheadMSCI's global equity index closed slightly higher on Wednesday after a volatile afternoon while the dollar cut its losses after the U.S. Federal Reserve paused interest rate hikes as was widely expected but signalled that it could raise rates by another half percentage point by year-end.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Oil prices dip after unexpected rise in US crude stocksOil prices inched higher on Wednesday after industry data showed an unexpected rise in U.S. crude stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Nigerian banking stocks rise 8% after central bank governor suspendedNigeria's banking stock index rose more than 8% on Tuesday as local investors reacted to the suspension late last week of central bank governor Godwin Emefiele, who oversaw restrictive policies that cramped their earnings.
Source: ReutersAfrica - 🏆 31. / 53 Read more »