Target Financial News

Investing.com-- The Reserve Bank of New Zealand kept interest rates steady on Wednesday as expected, with the bank stating that inflation still remained too high and that it could potentially hike interest rates further to quell price pressures. 

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as caution before key economic readings from China offset growing optimism over an early pivot by the Federal Reserve. 

Investing.com-- Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. 

By Yuka Obayashi and Muyu Xu

SYDNEY (Reuters) — New Zealand's new government will introduce legislation to reform the Reserve Bank of New Zealand's mandate and lift a ban on the sale of cigarettes to future generations within its first 100 days, Prime Minister Christopher Luxon said in a statement on Wednesday.

Day trading guide for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. In broad market, both small-cap and mid-cap indices finished positive but not more than Nifty 50 index.

Launch of a new beer is expected to help United Breweries share price rise 20%, said Nuvama Institutional Equities. Heineken Silver Draught Beer will be launched exclusively in premium bars and pubs across Mumbai, Thane, and Pune in Maharashtra, with plans to expand to Karnataka in the fiscal year 2024. “This launch is a meaningful expansion of United Breweries’ portfolio and shows its intent to focus on innovation," said Nuvama nstitutional Equities.

global market cues. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 20,031 level as compared to the Nifty futures’ previous close of 19,953.

Buy or sell stocks for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. Broad market indices rose less than the Nifty even as the advance decline ratio remained firm at 1.12:1.

SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

Tata Advanced Systems Ltd (TASL) has set up a facility to manufacture high-resolution imagery satellites that will help the armed forces keep a closer eye on border areas, betting big on the military space sector. The Bengaluru-based facility will manufacture sub-metre resolution satellites and will have a ground station that can control their movement and process imagery required by the armed forces to monitor infrastructure or acquire military targets. The defence ministry has thrown open a challenge to Indian industry to make metre and sub-metre resolution satellites for military use. Built on TASL's considerable defence sector capabilities, the facility is geared to manufacture up to 24 low earth orbit (LEO) satellites a year.

Oil prices rose on Wednesday as a storm in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising fears of supply tightness, while investors awaited a crucial decision by OPEC+, which may deepen or extend output cuts. Brent crude futures gained 33 cents, or 0.4%, at $82.01 a barrel at 0127 GMT. U.S.

Federal Reserve officials, with upbeat consumer data providing some lift. All three major U.S. stock indexes lost momentum as the session progressed, but ended the range-bound session in the green. «Even marathon runners have to pause, to take a breath and a drink of water.

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.

By Medha Singh, Chibuike Oguh and Hannah Lang

Investing.com — The Dow closed higher Tuesday, underpinned by a fall in Treasury yields as dovish remarks from some Federal Reserve officials boosted bets on rate cuts.

By Andreas Rinke and Miranda Murray

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Shopify, ChargePoint, Welltower, and American Axle & Manufacturing.

sextortion has advocates warning the issue is getting worse in Canada.For years, law enforcement and researchers have been warning about the dangers of rising incidents of criminals targeting minors through sextortion, calling the problem an “epidemic” that is leading to mental health issues and suicide. Despite some steps taken by governments and social media companies to increase safety online, the number of reported instances continues to rise.“We have a public health emergency on our hands,” Signy Arnason, the associated executive director of the Canadian Centre for Child Protection (CCCP), told Global News in an interview.Back in September, the CCCP’s national tip line for reporting online child sexual abuse, Cybertip.ca, reported they were receiving on average 40 reports of sextortion per week.

10-year Treasury yields declined on Tuesday, near two-month lows after data on the housing market and consumer, along with comments from Federal Reserve officials. The S&P CoreLogic Case-Shiller national home price index posted a 3.9% increase in September on an annual basis, below the 4.0% estimate but stronger than the 2.5% rise in August, suggesting the housing market may be picking up steam. A separate report from the Conference Board showed its consumer confidence index climbed to 101.0 in November, below the expected 102.0 but above the downwardly revised 99.1 in the prior month. Despite a climb last week, the 10-year yield is on track for its biggest monthly decline since August 2019, as investors largely believe the Federal Reserve is done with its interest rate hike cycle and attempts to price in when the central bank will instead cut rates. The sharp drop has pushed the 10-year yield near its lowest levels since late September. «The market does a good job of getting itself excited for rate cuts and then overly pessimistic on rate cuts and then overly pessimistic on more hikes and we kind of swing the pendulum from one extreme to the other,» said Thomas Urano, co-chief investment officer at Sage Advisory in Austin. «We're at the bottom end of this recent range trade and I think the market is has gotten a little bit ahead of itself in expecting the Fed to cut so aggressively absent a sudden downward change in the economic data.» Softening economic data, including a reading on inflation two weeks ago, has fueled expectations the Fed will hold rates at their current level, while pricing in a slightly greater than 50% chance of a rate cut of at least 25 basis points in May, according to CME's FedWatch Tool.