The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million...
Japan will on Monday release May figures for current account, highlighting a light day for Asia-Pacific economic activity. In April, the current account surplus was 2.051 trillion yen. Japan also will see June results for bank lending and for the economy watchers index; in May, bank lending was up 3.0 percent on year, while the...
The South Korea stock market has moved higher in three straight sessions, advancing more than 80 points or 2.8 percent along the way. The KOSPI now rests just above the 2,860-point plateau and it\'s expected to open higher again on Monday. The global forecast for the Asian markets is upbeat on an improved outlook for...
The Singapore stock market on Friday halted the four-day winning streak in which it had gained more than 110 points or 3.2 percent. The Straits Times Index now rests just above the 3,410-point plateau, although it\'s likely to bounce higher again on Monday. The global forecast for the Asian markets is upbeat on an improved...
Asian stocks declined on Monday while the euro rose against the dollar as French elections resulted in unprecedented political uncertainty. A leftist alliance emerged as the surprise winner of the legislative elections, leading to a fragmented parliament with three major groups - left, centre and far-right. Meanwhile, after last week\'s weak U.S. jobs data, investors...
German stocks rose on Monday as France faced a hung parliament after a surprise left-wing surge in Sunday\'s election. Investors also awaited key consumer prices data from the U.S. and Germany this week for more clarity on the future path of interest rate cuts. Meanwhile, Germany\'s exports declined for the first time in three months...
French stocks climbed on Monday after a shock defeat for the far-right National Rally in France. A leftist coalition surged to take the most seats in parliament in the second round of elections, but no single political faction got even close to the majority needed to form a government, creating political mayhem that has undermined...
Media major Paramount Global and Skydance Media, founded by David Ellison, son of Oracle founder Larry Ellison, announced late Sunday their agreement to merge in an all-stock transaction, to form New Paramount at an enterprise value of around $28 billion. In pre-market activity on the Nasdaq, Paramount Global shares were gaining around 4.7 percent to...
European stocks eked out modest gains on Monday after a left-wing alliance won the most seats in the French parliament, thwarting the far right in a stunning result to Sunday\'s second-round vote. However, no single political faction got even close to the majority needed to form a government, creating political mayhem that has undermined the...
The UK construction sector remained in the growth territory for the fourth straight month in June but the pace of expansion softened amid a renewed fall in housing activity, survey data from S&P Global showed on Thursday. The headline construction Purchasing Managers\' Index posted 52.2 in June, down from 54.7 in May. A reading above...