The Institute for Supply Management released a report on Thursday showed U.S. manufacturing activity unexpectedly contracted at an accelerated rate in the month of July. The ISM said its manufacturing PMI fell to 46.8 in July from 48.5 in June, with a reading below 50 indicating contraction. Economists had expected the index to inch up...
The Thai stock market has moved higher in four straight sessions, advancing more than 30 points or 2.1 percent along the way. The Stock Exchange of Thailand now rests just above the 1,320-point plateau although it\'s due for profit taking on Friday. The global forecast for the Asian markets is soft, thanks to fears of...
A day after climbing to a record high, the Canadian market retreated as stocks tumbled on Thursday, due largely to a slew of disappointing earnings updates, and concerns about the outlook for growth following a batch of weak economic data from the U.S. and Europe. Shares from energy, materials, technology, financials and industrials sectors were...
Giving up the gains the previous two sessions, the Australian stock market is sharply lower on Friday, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling 2 percent to well below the 8,000 mark from recent all-time highs, with weakness across most sectors led by mining, energy and financial...
Indian shares may open lower on Friday, tracking weak global markets on concerns whether the U.S. Federal Reserve will be able to orchestrate a soft landing for the world\'s largest economy. Global sentiment remains fragile on concerns about U.S. growth slowing too quickly and inflation remaining stubbornly high. The latest PMI data from the euro...
Adding to the sharp losses in the previous session, the Japanese stock market is now trading sharply lower on Friday, following the broadly negative cues from global markets overnight. The benchmark Nikkei 225 is falling more than 4 percent to well below the 36,600 level, with weakness across all sectors led by index heavyweights, technology...
Asian stocks turned in a mixed performance on Thursday as the U.S. dollar sank against the yen and a private survey showed China\'s factory activity shrank for the first time in nine months in July. The dollar index recovered some ground, after having fallen to a near two-week low as Federal Reserve Chair Jerome Powell...
JAKARTA – The profit of PT Semen Indonesia (Persero) Tbk (SMGR)plummeted 42.10% year-on-year (yoy) in H1 2024 compared to H1 2023. This Indeks52 constituent reported revenue of IDR 16.41 trillion, slipping 3.64% yoy from IDR 17.03 trillion. Based on Financial Report of H1 2024 quoted today (1/8), SMGR’s revenue from related parties reached IDR 1.01...
Bukit Asam Tbk (PTBA)booked revenue of USD 19.64 million throughout the first half (H1) of 2024, increasing 4.14% year-on-year (yoy) from the same period last year. Based on the recently issued financial report, coal sales remain the primary component of PTBA’s total revenue in H1 2024, generating USD 19.39 million. The small remaining amount, worth...
Indika Energy Tbk (INDY) only managed to record net profit of USD 21.01 million in the first half (1) of 2024, down 76.6% year-on-year (yoy) from the same period last year. INDY’s net profit decline in H1 2024 is in line with its revenue that only reached USD 1.19 billion, shrinking 28.7% yoy from USD...