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More German companies planning price increases, Ifo Institute says More German companies are planning to hike prices in the coming month, according to a new Ifo Institute survey published Wednesday. Price expectations across the whole economy for the coming month hit 53.5 points in September, up from a seasonally-adjusted 48.1 in August. The food price … Read more

Asia stocks mixed after Wall Street slump; China PMI beats estimates

Reserve Bank of India hike rates by 50 basis points India’s central bank raised its benchmark interest rate by 50 basis points to 5.9%, in line with expectations of analysts polled by Reuters The fourth consecutive increase comes as consumer inflation in the country hit 7% in August and the currency’s weakened to record levels. … Read more

Goldman Sachs predicts stock market bottom for Europe; says how to position

Goldman Sachs has predicted further pain for a raft of European indices over the short term, with one expected to be firmly in a bear market by the end of the year. The Euro Stoxx 600 is expected to fall by nearly 8% by the end of this year, the investment bank said in a … Read more

Fed hike, Bank of Japan, interest rates, currencies

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more

Japan CPI inflation, China loan prime rate, currencies

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA)’s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised its … Read more

Hong Kong stocks lead losses; Fed, BOJ meeting this week

China’s central bank cuts 14-day reverse repo rates The People’s Bank of China reduced the borrowing cost of 14-day reverse repurchase agreements, it announced on its website. The central bank also said it injected 2 billion yuan ($285 million) through the 7-day reverse repos and 10 billion yuan through the 14-day operations. The 7-day rate … Read more

Stock futures are flat as Wall Street awaits key inflation report

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites Real estate investment trusts — or REITs — are coming back to the spotlight after a volatile year for many asset classes. Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say could outperform the wider market, … Read more

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says China’s latest inflation readings allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to stay accommodative,” greater China economist Erin Xin said. Xin added … Read more

Asia-Pacific markets trade lower; China’s trade data in August misses expectations

Japanese yen weakens further, inching closer to 145 The Japanese yen weakened further to 144.35, the weakest since mid-1998 – as the US dollar index strengthened, hitting a fresh 24-year peak against the Japanese currency. The offshore Chinese yuan also weakened to 6.99, inching closer to the 7 mark, following weaker-than-expected trade data. South Korea’s … Read more

mixed stocks; RBA hikes interest rates

The Chinese yuan won’t weaken far beyond the 7 level, Capital Economics says China’s yuan is likely to break the 7 level against the greenback based on yield differentials in the two countries, according to Julian Evans-Pritchard, senior China economist at Capital Economics. But the currency won’t weaken far beyond that, he told CNBC’s “Squawk … Read more