U.K. stocks drifted lower on Tuesday while sterling edged up versus the euro and dollar as new data supported the view that the British economy was on a solid footing. Official data revealed that the U.K. unemployment rate dropped in the three months to July and the wage growth softened to a two-year low. The...
European stocks were mixed on Monday after having snapped a five-day losing streak the previous day. A cautious undertone prevailed ahead of the televised U.S. presidential debate later today and U.S. inflation readings due later in the week that could influence expectations for the interest rate outlook. Upcoming ECB and Fed meetings also remained on...
Indian shares ended Tuesdays session modestly higher despite mixed cues from global markets and another round of attack by opposition Congress against SEBI Chairperson Madhabi Puri Buch and her husband. The benchmark S&P/BSE Sensex rose 361.75 points, or 0.44 percent, to 81,921.29 while the broader NSE Nifty index closed at 25,041.10, up 104.70 points, or...
Bank of America Corp. announced that it has raised its minimum wage in the United States to $24 per hour, as part of its move to keep $25 by 2025. The increase applies to all full-time and part-time hourly positions in the U.S. With the increase, the minimum annualized salary for full-time employees in the...
The British pound strengthened against other major currencies in the European session on Tuesday, after data showed that U.K. unemployment rate dropped in the three months to July and the wage growth softened to a two-year low, signaling that the labor market conditions continued to cool. Data from the Office for National Statistics showed that...
The Singapore stock market has finished higher in two straight sessions, advancing almost 60 points or 1.8 percent along the way. The Straits Times Index now sits just above the 3,510-point plateau although it may be stuck in neutral on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of key...
The Taiwan stock market has moved lower in back-to-back sessions, slumping more than 370 points or 1.7 percent along the way. The Taiwan Stock Exchange now rests just above the 21,060-point plateau although its expected to find support on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of key inflation...
The China stock market on Tuesday ended the two-day slide in which it had given up more than 50 points or 1.9 percent. The Shanghai Composite Index now sits just above the 2,740-point plateau and its expected to remain in that neighborhood again on Wednesday. The global forecast for the Asian markets is mixed and...
The Hong Kong stock market on Tuesday snapped the five-day losing streak in which it had stumbled more than 800 points or 4.6 percent. The Hang Seng Index now sits just above the 17,230-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets is mixed and flat...
The Indonesia stock market bounced higher again on Tuesday, one day after snapping the three-day winning streak in which it had collected more than 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,760-point plateau although it may head south again on Wednesday. The global forecast for the Asian markets...