Asian stocks rise as Turkish central bank hikes rates

Note: This section contains information in English only.
Source: Reuters
The majority of Asian shares increased on Wednesday trading session after the Turkish national bank hiked its benchmark interest rates by 445 basis points to a level of 12% and as India's central bank decided to tighten its monetary policy few days ago too. The MSCI Asia- Pacific gauge outside Japan advanced 1.2% following a three-day slump.

Back to articles

Actual Topics

Wed, 29 Jan 2014 09:04:03 GMT

Turkish central bank raises rates in dramatic fashion

Turkey's national bank decided to increase all of its benchmark interest rates at an emergency policy meeting yesterday despite an opposition of the Prime Minister Tayyip Erdogan defending the country's weak currency. The Turkish central bank raised lending rate in dramatic fashion from 7.75% to a level of 12%, while the one-week repo rate was increased from 4.5% to 10%.

Tue, 28 Jan 2014 17:21:06 GMT

Canada shares advance after three-day decline on commodities

Canadian shares gained, after the biggest three straight day retreat since June, as global equities bounced off and commodities producers rose. The Standard & Poor's/TSX Composite Index climbed 0.5% to 13,643 as of 10:15 a.m. Toronto time; however, it closed at the lowest level in three weeks on Monday, after sliding 2.9% since January 22.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.