The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 53.9. Thats down from 55.5 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Promotional efforts and rising client...
The China stock market has finished higher in three straight sessions, advancing almost 85 points or 2.6 percent along the way. The Shanghai Composite now sits just beneath the 3,380-point plateau and its got a positive lead again on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by oil and...
The Hong Kong stock market has climbed higher in three straight sessions, collecting almost 380 points or 2 percent along the way. The Hang Seng Index now sits just beneath the 19,750-point plateau although investors re likely to cash in on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by...
The Indonesia stock market on Tuesday halted the four-day losing streak in which it had tumbled almost 270 points or 3.9 percent. The Jakarta Composite Index now sits just beneath the 7,200-point plateau and it may extend its gains on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by oil...
The services sector in China continued to expand in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 51.5. Thats down from 52.0 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Services activity growth slowed...
The Thai stock market has tracked higher in back-to-back sessions, advancing almost 30 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,455-point plateau although the rally may stall on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by oil and technology...
The U.S. dollar weakened against other major currencies in the European session on Wednesday, as investors ponder over U.S. president-elect Donald Trumps tariff plans and await the Feds preferred readings on consumer price inflation later in the day for additional clues on the Feds rate trajectory. Trump on Tuesday named another China sceptic, Jamieson Greer,...
Asian stocks turned in a mixed performance on Wednesday as official data showed Chinas industrial profits fell again in October but less sharply than in September. Regional gains were limited by tariff worries as U.S. President-elect Donald Trump picked another China sceptic, Jamieson Greer, to serve as the United States Trade Representative (USTR) and appointed...
Rex Shares and Osprey Funds have filed for multiple crypto ETFs, including one linked to Donald Trump’s memecoin, amid shifting U.S. regulations.Trump’s memecoin, TRUMP, surged 540% in a week, reaching an $8.31 billion market cap, while Melania’s token faced significant declines. Investment management firms Rex Shares and Osprey Funds submitted filings for a series of...
Bitcoin surged over 10% to a new all-time high of $109,114, with $100,000 as a crucial support level.Ethereum struggles near $3,140, and Ripple climbs 33% amid Trump’s potential support for crypto. The crypto market is on a roller coaster ride as Bitcoin, Ethereum, and Ripple face pivotal price movements. As Trump prepares for the inauguration,...