Japan posted a merchandise trade deficit of 695.3 billion yen in August, the Ministry of Finance said on Wednesday. That beat forecasts for a shortfall of 1,380 trillion yen following the 628.7 billion yen deficit in July. Exports were up 5.6 percent on year, shy of expectations for an increase of 10.0 percent and slowing...
Ahead of the long weekend for the Mid-Autumn Festival, the China stock market had moved lower in three straight sessions, sinking more than 40 points or 1.5 percent along the way. The Shanghai Composite now sits just above the 2,700-point plateau although its due for support on Wednesday. The global forecast for the Asian markets...
The Indonesia stock market has tracked higher in three straight sessions, advancing more than 80 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,830-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal Reserves...
The Thai stock market has tracked higher in four straight sessions, collecting more than 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,435-point plateau and its likely to hold steady in that neighborhood again on Wednesday. The global forecast for the Asian markets is flat...
Canadian shares look headed for a positive start Thursday morning thanks to firm European markets and higher crude oil and gold prices. Investors will also be reacting to the European Central Banks policy announcement, and producer price inflation data from the U.S. Empire Company Ltd. (EMP.A.TO) reported net earnings of $207.8 million ($0.86 per share)...
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had...
The Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended September 7th. The report said initial jobless claims rose to 230,000, an increase of 2,000 from the previous weeks revised level of 228,000. Economists had expected jobless claims to inch up to...
The Bank of England said the capital threshold for major UK banks will be virtually unchanged, and delayed the implementation date for the new Basel standards by another six months as regulators bowed down to heavy lobbying. The Prudential Regulation Authority estimated that the tier 1 capital requirements for major banks will increase by less...
The Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended September 7th. The report said initial jobless claims rose to 230,000, an increase of 2,000 from the previous weeks revised level of 228,000. Economists had expected jobless claims to inch up to...
The European Central Bank reduced its key interest rates by 25 basis points on Thursday, as expected, as the euro area growth is expected to slow on weaker demand and core inflationary pressures remain high, thanks to the stickiness of services inflation. The Governing Council, led by ECB President Christine Lagarde, lowered the deposit facility...