Singapore\'s gross domestic product expanded 2.9 percent on year in the second quarter of 2024, the Ministry of Trade and Industry said in Friday\'s preliminary reading. That exceeded expectations for an increase of 2.7 percent following the upwardly revised 3.0 percent gain in the three months prior (originally 2.7 percent). On a seasonally adjusted quarterly...
The manufacturing sector in New Zealand continued to contract in June, and at a much faster rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 41.1. That\'s down sharply from 47.2 in May and it moves further beneath the boom-or-bust line of 50 that separates expansion from...
The Taiwan stock market has finished higher in seven straight sessions, surging almost 1,500 points or 6.3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,400-point plateau although investors figure to cash in on Friday. The global forecast for the Asian markets suggests profit taking, particularly among the technology sectors....
The China stock market has moved higher in two of three trading days since the end of the four-day slide in which it had stumbled more than 75 points or 2.5 percent. The Shanghai Composite Index now sits just above the 2,970-point plateau although it figures to head south again on Friday. The global forecast...
Asian stocks ended mixed on Friday as investors reacted to surprisingly soft U.S. inflation data, mixed Chinese trade figures and comments from several Federal Reserve officials on the rate trajectory. The dollar edged up slightly as the latest inflation data fueled bets for a September rate cut and a Pew Research Centre poll showed former...
German stocks were slightly higher on Friday after soft U.S. inflation data fueled bets for a September rate cut by the Federal Reserve. Closer home, Germany\'s wholesale prices continued to fall in June, but the pace of decline slowed further, Destatis reported earlier today. Wholesale prices posted an annual decline of 0.6 percent in June,...
Shares of LM Ericsson were gaining more than 9 percent in the morning trading in Stockholm as well as around 6 percent in pre-market activity on the Nasdaq after the Swedish telecom major reported Friday significantly higher EBITA, a key earnings metric, in its second quarter. Meanwhile, net loss was sharply wider on hefty impairment...
French stocks climbed on Friday amid expectations that the U.S. Federal Reserve and European Central Bank could move to cut rates in September. Investors also watched the latest political developments after the parliamentary elections on 7 July came as a general surprise. French Prime Minister Gabriel Attal today said he hoped to prevent a government...
U.K. stocks opened higher on Friday as signs of slowing U.S. inflation boosted bets for a Federal Reserve interest-rate cut in September. Overall gains were capped by a strong pound, which held near a 12-month high against the dollar following encouraging GDP data released the previous day. The benchmark FTSE 100 was up 22 points,...
China\'s faster-than-expected exports growth underpinned by strong global demand for auto and semiconductors and an unexpected fall in imports took the trade surplus to a record high, official data showed on Friday. Exports posted an annual growth of 8.6 percent in June after rising 7.6 percent in May, the General Administration of Customs said. Shipments...