Asian stock markets rallied Friday after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.
China has unveiled plans to build dozens of new subway and inner-city rail transit links, data from the country's top economic planning agency show, in a new move to stimulate its slowing economy.
Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy. While the batch of gloomy data has boosted hopes for further central bank actions, some economists remain skeptical that there would be any significant effects.
U.S. stock index futures pointed to a lower open Wednesday as investor confidence continued to be weighed down by high degree of uncertainty about policymakers announcing stimulus measures to revive economic growth momentum.
India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.
Crude oil futures declined Wednesday as weak manufacturing reports from the U.S. and China raised concerns of a further global slowdown.
August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.
China's services activity growth declined in August to the slowest pace in a year after the recovery in July, according to the HSBC Purchasing Managers' Index released Wednesday.
Asian markets fell Wednesday as investors' concerns about the weakening global economy was revived by the declining U.S. manufacturing activity and disappointing China's services activity.
Asian stock markets mostly ended higher Monday on hopes that major central banks around the world would soon announce a new round of stimulus measures to tackle the deteriorating global economic conditions.
Morgan Stanley Monday cut India's economic growth forecast to 5.1 percent from the previously projected 5.8 percent, citing low private investment and poor government finances.
Crude oil prices declined in Asia Monday as sentiment was dampened after reports indicated a sharp slowdown in the Chinese manufacturing activity in August.
China's manufacturing activity declined in August compared to that in the previous month, increasing concerns over a slowdown in the economic growth of the country.
India's GDP growth likely languished around its lowest in three years in the quarter that ended in June, offering no respite for Prime Minister Manmohan Singh as he struggles to escape from a series of political scandals that have paralysed his economic agenda.
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.
Profits at China's major industrial enterprises fell in July for the fourth successive month and by the most this year, adding to fears about a sharp slowdown in the world's second-largest economy and sending benchmark Shanghai Composite Index to its lowest level in three years.
Asian stock markets ended lower Monday as concerns over the Chinese economic slowdown offset the expectations for more stimulus measures from the policy makers around world.
Most of the Asian markets fell Monday as investors' concerns about the faltering global economy undermined the expectations for stimulus measures from China and the U.S. Federal Reserve.
Most of the Asian markets fell in the week as investor confidence was dragged down by the lack of stimulus measures from policymakers to support the global economy and regain growth momentum.
Most of the Asian markets rose Thursday amid hopes that the U.S. and China would soon announce stimulus measures to tackle the weakening global economy.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Asian stock markets were mostly higher Thursday after details from the Federal Reserve's most recent policy meeting suggested that the central bank might act again to bolster the U.S. economy.
