The Hong Kong stock market has moved higher in six straight sessions, collecting more than 1,150 points or 6.4 percent along the way. The Hang Seng Index now sits just above the 18,250-point plateau although its overdue for profit taking on Monday. The global forecast for the Asian markets is soft, with profit taking likely...
The Indonesia stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 80 points or 1 percent. The Jakarta Composite Index now rests just above the 7,740-point plateau and it may tick lower again on Monday. The global forecast...
A reading on Philadelphia-area manufacturing activity returned to positive territory in the month of September, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The report said the diffusion index for current general activity jumped to a positive 1.7 in September from a negative 7.0 in August, with a positive reading...
The Federal Aviation Administration or FAA is investigating the pressurization issues on a Delta Air Lines flight, which caused injuries to some of its passengers, reports said. The airline, meanwhile, apologized to its passengers, who experienced bleeding from the ear and nose. The Delta Flight 1203, which was traveling from Salt Lake City International Airport...
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged down slightly less than expected in the month of August. The Conference Board said its leading economic index dipped by 0.2 percent in August after falling by 0.6 percent in July. Economists had expected the index to...
The Thai stock market rebounded on Thursday, one day after ending the four-day winning streak in which it had gained more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and its likely to open higher again on Friday. The global forecast for the Asian markets...
Indian shares are likely to open higher Friday morning, tracking positive lead from Wall Street and Asian markets. Activity may turn stock specific with investors reacting to some corporate news. Reliance Infrastructure will be in focus following the companys board approving raising of Rs 3,014 crore through preferential issue of up to 12.56 crore shares...
Asian stocks are broadly higher on Friday with investors continuing to cheer the Federal Reserves half-a-percentage point interest rate cut on Wednesday, and digesting the policy moves of the Bank of Japan, the Chinese central bank. Australian stocks are higher, with the benchmark S&P/ASX 200 rising to fresh record high. The index rose to 8,246.20...
Canadian stocks slipped after a weak start Friday morning as the euphoria over a jumbo interest rate cut by the Federal Reserve subsided a bit. Industrials, energy and consumer discretionary stocks are among the major losers. Investors are digesting the data on Canadian retail sales and producer & raw materials prices. The benchmark S&P/TSX Composite...
The U.S. dollar advanced against its major counterparts in the New York session on Friday, amid higher treasury yields and a pullback in U.S. stocks. U.S. stocks fell amid profit taking, as traders cash in on some of the strong gains posted during Thursdays session. Treasury yields rose as recent strong economic data indicated continued...