The Indian rupee strengthened against the U.S. dollar in the European session on Tuesday. In economic news, data from the Ministry of Commerce and Industry showed that Indias wholesale price inflation softened more-than-expected in August to the lowest level in four months. The wholesale price index, or WPI, rose 1.31 percent year-over-year in August, slower...
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail...
The Singapore stock market has finished higher in seven straight sessions, advancing more than 140 points or 3.9 percent along the way. The Straits Times Index now sits just above the 3,590-point plateau and it may see mild upside again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal...
Ahead of Tuesdays holiday for the Mid-Autumn Festival, the Taiwan stock market had finished higher in three straight sessions, rallying more than 810 points or 3.9 percent along the way. The Taiwan Stock Exchange now sits just above the 21,850-point plateau and its looking at another green light for Wednesdays trade. The global forecast for...
Japan posted a merchandise trade deficit of 695.3 billion yen in August, the Ministry of Finance said on Wednesday. That beat forecasts for a shortfall of 1,380 trillion yen following the 628.7 billion yen deficit in July. Exports were up 5.6 percent on year, shy of expectations for an increase of 10.0 percent and slowing...
Ahead of the long weekend for the Mid-Autumn Festival, the China stock market had moved lower in three straight sessions, sinking more than 40 points or 1.5 percent along the way. The Shanghai Composite now sits just above the 2,700-point plateau although its due for support on Wednesday. The global forecast for the Asian markets...
The Indonesia stock market has tracked higher in three straight sessions, advancing more than 80 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,830-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal Reserves...
The Thai stock market has tracked higher in four straight sessions, collecting more than 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,435-point plateau and its likely to hold steady in that neighborhood again on Wednesday. The global forecast for the Asian markets is flat...
Canadian shares look headed for a positive start Thursday morning thanks to firm European markets and higher crude oil and gold prices. Investors will also be reacting to the European Central Banks policy announcement, and producer price inflation data from the U.S. Empire Company Ltd. (EMP.A.TO) reported net earnings of $207.8 million ($0.86 per share)...
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had...