The Thai stock market has ticked higher in back-to-back sessions, collecting almost 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,380-point plateau and it may find additional support again on Thursday. The global forecast for the Asian markets is upbeat on continued optimism over the...
Giving up the gains in the previous session, the Japanese market is significantly lower on Thursday, despite the broadly positive cues from global markets overnight. The Nikkei 225 is falling to well below the 40,300 level, with losses across most sectors as some traders booked profits after the recent strength in the markets. The benchmark...
Indian shares look set to open on a cautious note Thursday as investors await key U.S. inflation data and Federal Reserve commentary for signals on the rate path. A market holiday on March 29 on account of Good Friday may also keep investors on the sidelines. Banks and non-banking financial companies could be in focus...
The Canadian market is likely to see a mixed start Thursday morning with investors reacting to the data on Canadian and U.S. GDP, and tracking commodity prices. Final data on Canadian GDP, and a preliminary reading of Canadian GDP growth rate for the month of February are due at 8:30 AM ET. Data on average...
First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended March 23rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 210,000, a decrease of 2,000 from the previous week\'s revised level of 212,000. Economists had expected jobless claims to rise...
The U.S. economy unexpectedly grew by more than previously estimated in the fourth quarter of 2023, the Commerce Department revealed in a report released on Thursday. Revised data showed real gross domestic product surged by 3.4 percent in the fourth quarter compared to the previously reported 3.2 percent jump. Economists had expected the pace of...
Confirming a mild recession in the UK, official data showed that the economy contracted as initially estimated in the fourth quarter. Gross domestic product fell by an unrevised 0.3 percent after a 0.1 percent drop in the third quarter, the Office for National Statistics said Thursday. The UK economy grew only 0.1 percent in 2023,...
Joblessness in Germany increased less than expected in February despite the economy undergoing severe downward pressures, official data revealed Thursday. The number of people out of work increased only by 4,000 in March, the Federal Labor Agency reported. The figure was forecast to rise by 10,000 after increasing 12,000 in February. The unemployment rate came...
Australia will on Thursday release February figures for retail sales and private sector credit, highlighting a light day for Asia-Pacific economic activity. Retail sales are expected to rise 0.4 percent on month, easing from 1.1 percent in January. Credit is also seen higher by 0.4 percent on month, unchanged from the January reading. Thailand will...
The South Korea stock market ticked lower again on Wednesday, one day after ending the two-day slide in which it had slipped more than 15 points or 0.4 percent. The KOSPI now rests just above the 2,755-point plateau although it may bounce higher again on Thursday. The global forecast for the Asian markets is upbeat...