Asian stocks ended mostly higher on Monday, even as Japanese markets fell notably as the dollar sank to a three-week trough against the yen on dovish Fed outlook and Bank of Japan Governor Kazuo Uedas hawkish remarks on Friday reaffirming his resolve to raise interest rates. The dollar was under selling pressure and bond yields...
German stocks were a tad lower on Monday as investors digested weak business sentiment data and looked ahead to the release of a slew of regional data due later in the week. German business morale fell in August as companies were both more pessimistic and assessed their current situation as worse, a survey showed today....
French stocks were modestly higher on Monday to extend gains from the previous session after Federal Reserve Chair Jerome Powell signaled imminent interest-rate cuts. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks, Powell said at the...
European stocks traded mixed on Monday after three straight sessions of gains. Sentiment was dented after a survey showed the confidence among companies in Germany showed a downward trend in August. The ifo Business Climate Index fell to a six-month low of 86.6 in August from 87.0 in July as their current and future situations...
Indian shares rose notably on Monday after Federal Reserve Chair Jerome Powell signaled the U.S. central bank is prepared to begin cutting interest rates at its next monetary policy meeting in September. The time has come for policy to adjust, Powell said at the Jackson Hole Economic Symposium, although he noted the timing and pace...
Biotechnology company Ocugen, Inc. (OCGN) announced Monday that Health Canada provided a No Objection Letter to initiate the OCU400 Phase 3 liMeliGhT clinical trial in Canada. OCU400 is a modifier gene therapy product candidate being developed for retinitis pigmentosa (RP). Currently there are approximately 10,000 patients in Canada with RP and 1.6 million patients globally....
Inflationary pressures in the U.K. are easing, but it is too early to declare a victory, Bank of England Governor Andrew Bailey said Friday. Recent experience leads me to be cautiously optimistic that inflation expectations are better anchored as a result of the regimes we have in place, Bailey said in his speech at the...
The value of the U.S. dollar saw a notable rebound during Thursdays trading but has pulled back sharply during trading on Friday. The U.S. dollar index has slumped by 0.81 points or 0.8 percent to 100.70, falling to its lowest levels in over a year. The buck is trading at 144.35 yen versus the 146.29...
Singapore will on Monday release July figures for industrial production, highlighting a light day for Asia-Pacific economic data. Industrial production is expected to fall 1.3 percent on month and 1.1 percent on year after sinking 3.8 percent on month and 3.9 percent on year in June. Thailand is scheduled to see July data for imports,...
The South Korea stock market on Friday halted the three-day winning streak in which it had collected more than 30 points or 1.1 percent. The KOSPI now rests just above the 2,700-point plateau although it figures for see renewed support on Monday. The global forecast for the Asian markets is positive on optimism over the...