Financial News · Live Terminal

Page 178 of 178

Eurozone's Monthly Services Output Rises 1.2% in January

The euro area's seasonally adjusted services production rose 1.2% month over month in January, after zero growth in the previous month, according to Eurostat data published Friday.On a yearly basis, the eurozone's services output was 1.5% higher, against the 0.5% gain earlier.

^SXXP

International126d ago

Ceasefire Prospects Lift Asian Stock Markets

Asian stock markets gained ground Friday, after media reports that US-Iran ceasefire negotiations will take place on Saturday in Pakistan.Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.Brent oil futures held under $100 a barrel, near $96 during Asian trading hours.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 1.8% as traders weighed a profit report from a major retailer and mulled Middle East peace prospects.The benchmark Nikkei 225 rose 1,028.79 to 56,924.11, although losing issues outnumbered gainers 146 to 75.Leading the upside was Fast Retailing, up 12% after reporting H1 earnings and issuing upbeat guidance. Consultancy BayCurrent declined 5.8%.In economic news, Japan's producer price index (PPI) rose 2.6% on year in March, after rising 2.1% on year in February, pushed by higher oil bills, reported the Bank of Japan.In Hong Kong, the Hang Seng Index opened higher and held ground, closing up 0.6% after an inflation report from Beijing suggested the nation's bout with industrial-price deflation may be ebbing.The broad gauge Hang Seng rose 141.14 to 25,893.54 as gaining issues outnumbered losers 56 to 31. The Hang Seng TECH Index gained 0.8% on the day, while the Mainland Properties Index rose 0.4%.Leading the upside was Contemporary Amperex Technology, gaining 9%, while noodle-maker Tingyi declined 3.3%.On the mainland, the Shanghai Composite rose 0.5% to 3,986.22.In economic news, China's producer price index (PPI) rose 0.5% on year in March, snapping a 41-month stretch of contraction, reported the National Bureau of Statistics.China's consumer price index (CPI) rose 1% in March on year, slipping February's 1.3% reading, added the NBS.On the other regional exchanges, the S. Korean KOSPI rose 1.4%; the Taiwan TWSE inclined 1.6%; the Australian ASX 200 declined 0.1%; the Singapore Straits Times Index rose 0.3%, and the Thai Set inclined 1.2%. In late trading in Mumbai, the Sensex was up 1.2%The MSCI All Country Asia Pacific Index rose 0.7% on the day.

Hang SengNikkei 225Shanghai Composite

International126d ago

Chinese NEV Exports Surge 140% in March, Car Association Says

Chinese exports of new energy vehicles surged 140% year over year to 349,000 units, the China Passenger Car Association said Thursday.BYD (HKG:1211, SHE:002594) led the pack with 116,882 units, while Geely (HKG:0175) exported 52,186 units and Chery Automobile (HKG:9973) exported 40,837 units to complete the top three exporters for the month.The surge could be attributable to energy shocks due to the war in Iran, Bloomberg reported separately.

Shanghai Composite^SZSEHKG:0175HKG:1211SHE:002594

International126d ago

Correction: German Annual Inflation Confirmed at 2.7% in March

(Corrects month in the headline)Confirming the flash estimate, Germany's annual inflation rate increased to 2.7% in March from 1.9% in February, final data from the country's Federal Statistical Office showed Friday.On a monthly basis, consumer prices were up 1.1%, matching the preliminary reading and against the previous 0.2% uptick.The annual harmonized inflation rate for March was also confirmed at 2.8%, compared with 2% earlier. Meanwhile, harmonized consumer prices were affirmed to be 1.2% higher month over month, against the previous reading of a 0.4% gain.

^SXXP

International126d ago

Taiwan's Exports, Imports Rise in March

Taiwan's exports rose 61.8% year on year in March to a record $80.2 billion, while imports increased 38.3% on year to a record $58.9 billion, according to preliminary data released by the Ministry of Finance on Friday.Monthly, exports jumped 61% from February, while imports climbed 59.1%, the data showed.For January to March, cumulative exports totaled US$195.7 billion, up 51.1% from the same period a year earlier, while cumulative imports reached $142.8 billion, an increase of 34.8% from a year ago.

Taiwan Weighted

Showing 3541-3544 of 3544

International126d ago

Ceasefire Prospects Lift Asian Stock Markets

Hang SengNikkei 225Shanghai Composite