Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Asian shares race to 6-month high on hopes of tariff relief.
Japan's Nikkei rose 0. The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions.
A number of companies scheduled to announce their quarterly numbers will also see stock-specific actions. The sluggish pace of those negotiations has forced India to seek access for services to key Asean markets through bilateral agreements. All rights reserved.
Indian shares are likely to open lower on Friday after Moody's Investors Service cut India's credit ratings outlook to negative from stable, citing a growing debt burden and the government's struggle to narrow the budget deficit. Investors may also react to a Reuters report suggesting that the idea The Thai stock market bounced higher again on Thursday, one day after it had ended the two-day winning streak in which it had advanced more than 35 points or 2. The Stock Exchange of Thailand now rests just above the 1,point plateau and it has another firm lead on Friday.
Mumbai: The Indian stock markets is expected tread lower on Thursday following weak global cues. Asian stocks, already under pressure from growing fears about global economic growth, tumbled on Thursday taking cues from the slump in US equities overnight. Australian shares declined 2.
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SYDNEY--Australia's central bank on Tuesday kept its benchmark rate unchanged, balancing the need to keep pace with falling rates globally against any unintended harm low rates could be doing to the local economy. BEIJING--China's services activity expanded at its slowest pace in eight months in October, a private gauge showed Tuesday, a result consistent with official data pointing to a deceleration in growth. BEIJING--A private gauge of China's factory activity showed an expansion for the third straight month in October due to renewed strength in exports, contrasting with the official gauge showing a contraction for the sixth c