Global Focus Financial News

European stocks eked out modest gains in cautious trade on Wednesday ahead of the release of the Federal Reserves July meeting minutes and preliminary revisions to U.S. labor data later in the day. The dollar dipped against major currencies, tracking overnight declines in U.S. Treasury yields as investors brace for Fed Chair Jerome Powells upcoming...

The U.S. dollar fell on Thursday amid rising prospects of an interest rate cut by the Federal Reserve next week, and probability of more reductions before the end of the year, in the wake of the recent data on inflation. The U.S. Labor Department said its producer price index for final demand crept up by...

The Hong Kong stock market headed south again on Wednesday, one day after snapping the two-day losing streak in which it had stumbled almost 400 points or 2.5 percent. The Hang Seng Index now sits just beneath the 16,400-point plateau although it\'s expected to open in the green on Thursday. The global forecast for the...

The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just above the 3,620-point plateau and it figures to tick higher again...

A reading on Philadelphia-area manufacturing activity returned to positive territory in the month of September, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The report said the diffusion index for current general activity jumped to a positive 1.7 in September from a negative 7.0 in August, with a positive reading...

Indian shares are likely to open on a muted note Friday as investors react to signs of weaker GDP growth and stubborn inflationary pressures in the U.S. Technology stocks could be in focus after 10-yr U.S. bond yield rose sharply to a fresh five-month high of 4.73 percent. On the positive side, a blowout first...