The Taiwan stock market has moved higher in back-to-back sessions, gathering almost 300 points or 1.3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and its expected to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism over the...
The China stock market has moved lower in two of three trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,220-point plateau although its got a firm lead for Mondays trade. The global forecast...
Ahead of Fridays holiday for the Double Ninth Festival, the Hong Kong stock market had ended the two-day slide in which it had plummeted more than 2,400 points or 11 percent. The Hang Seng Index now sits just above the 21,250-point plateau and it may open to the upside again on Monday. The global forecast...
The Indonesia stock market on Friday snapped the two-day slide in which it had dropped almost 80 points or 1.1 percent. The Jakarta Composite Index now rests just above the 7,520-point plateau and it may extend its gains on Monday. The global forecast for the Asian markets is positive on optimism over the outlook for...
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits increased by much more than expected in the week ended October 5th. The report said initial jobless claims climbed to 258,000, an increase of 33,000 from the previous weeks unrevised level of 225,000. Economists had expected jobless claims to edge...
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increases seen in August and July. Economists had expected consumer prices to...
The U.S. dollar moved down against its most major counterparts in the New York session on Thursday, following the release of inflation and jobless claims data. Data from the Labor Department showed that consumer prices in the U.S. increased slightly more than expected in the month of September. The consumer price index rose by 0.2...
European stocks closed weak on Thursday, as hotter-than-expected U.S. consumer price inflation data has further offset optimism the Federal Reserve will continue to aggressively lower interest rates in the coming months. Data from the Labor Department showed that its consumer price index rose by 0.2% in September, matching the increase seen in August. Economists had...
After opening marginally up Thursday morning, the Switzerland market moved in a tight range around the flat line till mid afternoon before drifting lower and finishing with a modest loss. Data showing a bigger than expected increase in U.S. consumer price inflation in the month of September weighed on sentiment. Another data showed an increase...
Energy and materials shares are turning in a fine performance in the Canadian market, which is trading slightly up Thursday afternoon. The upside is limited as data showing a bigger than expected increase in U.S. consumer prices in the month of September has dimmed the possibility of another aggressive interest rate cut by the Federal...