Wednesday, 29 January 2020 23:56 WIB
Stocks traded higher Wednesday, as investors waded through a flood of corporate earnings reports, with better-than-expected results from blue-chip names, including Apple, Dow and McDonalds, helping to overshadow some of the concerns related to the coronavirus outbreak.
The Dow Jones Industrial Average rose 148 points, or 0.5%, to 28,864, while the S&P 500 index gained 11 points, or...
Wednesday, 29 January 2020 07:47 WIB
Australia, like much of the developed world, has struggled to rekindle inflation as wages stagnate and intensified competition keeps prices in check.
The central bank focuses on core inflation, a combination of the trimmed mean and weighted median gauges, that smooths out sharp fluctuations. The statistics bureau released the data in Sydney Wednesday.
CPI rose 0.7% Q/Q vs est. 0.6%...
Wednesday, 29 January 2020 23:36 WIB
Demand strengthened for the dollar index and the safe-haven Japanese yen firmed modestly by midmorning on Wednesday as a risk-off tone returned to markets amid continued uncertainty about the economic fallout of the coronavirus outbreak.
Although markets had calmed somewhat overnight and appetite for risk assets returned, weakening the yen and Swiss franc, continued uncertainty about the impact...