The Indonesia stock market has moved lower in three straight sessions, dropping nearly 150 points or 2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,500-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is upbeat following the release of strong U.S....
The Thai stock market on Friday ended the two-day slide in which it had dropped more than 20 points or 1.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,445-point plateau and its tipped to see additional support on Monday. The global forecast for the Asian markets is upbeat following the release...
A report released by the Commerce Department on Thursday unexpectedly showed a modest pullback by new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders dipped by 0.2 percent in August after surging by a slightly downwardly revised 4.9 percent in July. Economists had expected factory orders to...
Canadian shares are down in negative territory on Thursday, weighed down by concerns about tensions in the Middle East, and data showing another contraction in Canadian services sector activity. Gains in energy stocks thanks to higher oil prices, help limit the markets downside. Shares from real estate, materials, consumer discretionary and utilities sectors are notably...
European stocks closed lower on Thursday as rising tensions in the Middle East and uncertainty about Chinas growth outlook despite the recent stimulus measures weighed on investor sentiment. Weak Euro area private sector data hurt as well. Data compiled by S&P Global showed the euro area private sector shrank for the first time in seven...
The U.S. dollar extended gains against its major counterparts in the New York session on Thursday, as the nations service sector activity climbed more than expected in September, reducing the likelihood of a 50 basis point rate cut by the Federal Reserve at the meeting in November. Data from the Institute for Supply Management showed...
The U.S. dollar climbed higher on Thursday as data showing a stronger than expected jump in U.S. service sector activity in the month of September dimmed prospects of any aggressive reduction in interest rate cuts by the Federal Reserve in the coming months. Safe haven buying of the currency amid rising tensions in the Middle...
Australia will on Friday release August figures for new home loans, highlighting a light day for Asia-Pacific economic activity. In July, overall home loans were up 2.9 percent on month, while investment lending climbed 5.4 percent. Singapore will see August numbers for retail sales; in July, sales were up 3.1 percent on month and 1.0...
Industrial production from France and construction Purchasing Managers survey data from Germany and the UK are due on Friday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for September. The jobless rate is forecast to rise slightly to 2.6 percent...
European stocks may open flat to slightly higher on Friday as investors await the U.S. Labour Departments highly anticipated monthly jobs report later in the day for more clarity regarding the outlook for the U.S. economy and interest rates. Economists currently expect the report to show employment rose by 140,000 jobs in September after an...