The total number of building permits issued in New Zealand in July was up a seasonally adjusted 26.2 percent on month, Statistics New Zealand said on Friday - coming in at 3,352. That follows the downwardly revised 17.0 percent contraction in June (originally a 13.8 percent decline). Individually, consents were issued for 1,685 stand-alone houses,...
The South Korea stock market turned lower again on Thursday, one day after ending the three-day slide in which it had given up almost 20 points or 0.7 percent. The KOSPI now rests just above the 2,660-point plateau and it may tick lower again on Friday. The global forecast for the Asian markets suggests little...
Industrial production in South Korea was down a seasonally adjusted 0.4 percent on month in July, Statistics Korea said on Friday - in line with expectations following the 0.5 percent increase in June. The decline was due to a 3.6 percent decrease in production in the mining industry, which was offset slightly by a 0.7...
Indian shares opened on a positive note Friday as positive U.S. labor market and GDP data pointed to a soft landing for the worlds largest economy. The benchmark S&P/BSE Sensex was up 258 points, or 0.3 percent, at 82,397 while the broader NSE Nifty index was up 88 points, or 0.4 percent, at 25,239. Among...
European stocks are seen opening broadly lower on Friday, though commodity-related stocks may rise after data showed the U.S. economy expanded at a faster-than-expected pace in the second quarter. The July Personal Consumption Expenditures report along with separate reports on Chicago-area business activity and consumer sentiment will be in the spotlight later today, heading into...
The Swiss franc weakened against most major currencies in the European session on Friday. The Swiss franc fell to a 2-day low of 0.9405 against the euro and a 3-day low of 1.1181 against the pound, from early highs of 0.9380 and 1.1149, respectively. Against the U.S. dollar, the franc edged down to 0.8487 from...
UK house prices dropped for the first time in four months in August despite the fall in mortgage rates, data released by the mortgage lender Nationwide Building Society revealed Friday. House prices posted a monthly fall of 0.2 percent, reversing Julys 0.3 percent increase. Meanwhile, on a yearly basis, house price inflation accelerated to 2.4...
Asian stocks advanced on Friday as strong GDP and labor data hinted at a soft landing for the worlds largest economy. The dollar held near a one-week high versus major peers and was on track to snap a five-week losing streak ahead of the release of Federal Reserves preferred inflation metric due later in the...
Eurozone economic sentiment strengthened to a 15-month high in August as the Olympic Games boosted sentiment in France, survey results from the European Commission revealed Thursday. The economic confidence index advanced to 96.6 in August from 96.0 in the previous month. This was the highest score since May 2023. The reading was expected to remain...
The Malaysia stock market on Thursday snapped the three-day winning streak in which it had rallied almost 40 points or 2.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,650-point plateau and its likely to see little movement on Friday. The global forecast for the Asian markets suggests little movement ahead of...