The Hong Kong stock market bounced higher again on Thursday, one session after ending the three-day winning streak in which it had rallied almost 800 points or 4.4 percent. The Hang Seng Index now sits just above the 19,375-point plateau although it\'s likely to open under water on Friday. The global forecast for the Asian...
Giving up some of the gains in the previous two sessions, the Australian stock market is notably lower on Friday, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is staying below the 7,900 level, with losses across most sectors led by gold miners and technology stocks. Iron ore miners are...
Flash GDP estimate from the euro area is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, France\'s statistical office INSEE is set to publish final inflation figures for April. Consumer price inflation is seen at 2.2 percent, unchanged from the flash estimate. At...
China\'s central bank left its medium-term lending facility rate unchanged on Wednesday as policymakers focus more on the currency stabilization. The People\'s Bank of China conducted the CNY 125 billion of one-year MLF facility. The rate on the MLF was retained at 2.5 percent. The MLF usually acts as a guide to the loan prime...
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday, as traders await the release of key U.S. CPI data along with other reports on U.S. retail sales and homebuilder confidence which is likely to influence the U.S. Federal Reserve\'s near-term policy path. Economists expect U.S. consumer prices to climb by...
Asian stocks ended mixed on Wednesday, with Hong Kong and South Korean markets closed for Buddha\'s birthday. The U.S. dollar and bond yields dipped while gold edged up after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer...
German stocks traded higher on Wednesday as investors cheered mostly positive earnings results and awaited key U.S. CPI data later in the day for additional clues on the Fed\'s rate trajectory. The benchmark DAX was up 93 points, or half a percent, at 18,809 after declining 0.1 percent in the previous session. In corporate news,...
French stocks were marginally higher in cautious trade on Wednesday after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer price data for April surprised on the upside, traders looked ahead to key U.S. CPI data due later...
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative...
With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to...