The Taiwan stock market has moved higher in back-to-back sessions, rallying more than 370 points or 1.8 percent along the way. The Taiwan Stock Exchange now sits just above the 21,550-point plateau although the rally may stall on Friday. The global forecast for the Asian markets is soft on persistent concerns over the outlook for...
Asian stocks retreated on Friday as robust U.S. economic data stoked concerns about sticky inflation and the Federal Reserve\'s rate path. Hawkish comments from another Federal Reserve official also weighed on investor sentiment. Chinese markets fell notably to extend declines from the prior session as a trade war with the U.S. escalated and the Chinese...
German stocks fell on Friday as robust U.S. economic data released overnight bolstered prospects of interest rates staying higher for longer. Meanwhile, the German economy expanded as initially estimated in the first quarter, underpinned by rebounding investment and exports, data from Destatis revealed earlier today. Gross domestic product expanded 0.2 percent sequentially in the first...
Burger King Co., owned by Restaurant Brands International Inc., is planning to launch $5 value meal to boost demand among Americans, who are cutting back on dining out, reports said. The fast-food hamburger chain\'s offer is said to include a choice of one of three sandwiches, with nuggets, fries, and a drink. The news comes...
French stocks declined on Friday as robust U.S. economic data along with hawkish comments from another Fed official stoked concerns about sticky inflation and the Federal Reserve\'s rate path. Meanwhile, the confidence among French manufacturers worsened unexpectedly in May and returned to below its long-term average, monthly data from the statistical office INSEE revealed earlier...
U.K. stocks traded lower on Friday after official data showed retail sales declined more than expected in April as a result of poor weather. The retail sales volume dropped 2.3 percent on a monthly basis, following a revised 0.2 percent drop in March, the Office for National Statistics said. Economists had forecast a 0.5 percent...
European stocks fell in cautious trade on Friday as U.S. rate jitters along with growing tensions between China and Taiwan sapped investors\' appetite for risk. In economic releases, the German economy expanded as initially estimated in the first quarter, underpinned by rebounding investment and exports, data from Destatis revealed. GDP expanded 0.2 percent sequentially in...
The Canadian market is up firmly in positive territory Friday afternoon and looks set to end the day\'s session on a bright note, as stocks from several sectors are back in demand after recent losses. Energy, financials, technology, materials and consumer staples stocks are finding good support. The benchmark S&P/TSX Composite Index is up 110.36...
Despite rising prospects of the Federal Reserve holding interest rates higher for longer, the U.S. dollar turned in a weak performance on Friday with investors picking up stocks amid an improvement in risk sentiment. The dollar stayed firm earlier in the week with hawkish comments from a slew of Federal Reserve officials, and the minutes...
Hong Kong will on Monday release April data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In March, imports were up 5.3 percent on month and exports rose 4.7 percent for a trade deficit of HKD45.0 billion. China will see April figures for industrial profits; in March, profits were...