The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core...
JAKARTA - Tempo and IDNFinancials has officially reviewed the performance of Indeks Tempo-IDNFinancials 52 this year after its initial launch on June 23, 2023. The result was announced through Press Conference: the Review of Indeks Tempo-IDNFinancials 52, earlier today (23/7). In his explanation, one of the members of Indeks52 Committee, Luther K., reveals that there...
Terraform Labs co-founder Do Kwon is set to be extradited from Montenegro to his native South Korea following a ruling from the Balkan nation’s court of appeals on Thursday, August 1. The decision concludes a protracted legal battle over whether he should face charges in South Korea or the United States. Both countries have sought...
The South Korea stock market has moved lower in four straight sessions, slipping more than 55 points or 2.1 percent along the way. The KOSPI now sits just above the 2,685-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is cautiously optimistic, with technology shares expected to...
Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remained cautious ahead of the release of some crucial economic data form the US, including a report on personal income & spending due later in the week. The data will provide clues about the outlook for...
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The Indonesia stock market has moved higher in back-to-back sessions, collecting more than 60 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 7,560-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets suggests mild upside, fueled by support from...
European markets are expected to start the new week on an optimistic note even amidst anxiety ahead of crucial inflation updates due from Europe, U.K and the U.S. over the course of the week. Overwhelming expectations of a Fed rate cut in September is supporting market sentiment. The unfolding geopolitical situation in the Middle East...
The South Korea stock market on Wednesday ended the three-day slide in which it had given up almost 20 points or 0.7 percent. The KOSPI now rests just beneath the 2,690-point plateau although its likely to see renewed selling pressure on Thursday. The global forecast for the Asian markets is mixed and flat ahead of...
The Hong Kong stock market has finished higher in two sessions, gathering more than 260 points or 1.5 percent along the way. The Hang Seng Index now sits just beneath the 17,875-point plateau although its expected to spin its wheels on Wednesday. The global forecast for the Asian markets suggests little movement ahead of key...