The Singapore stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had picked up almost 90 points or 2.8 percent. The Straits Times Index now sits just above the 3,450-point plateau and it may spin its wheels again on Monday. The global...
Overall bank lending in Japan was up 3.0 percent on year in August, the Bank of Japan said on Monday - coming in at 624.243 trillion yen, That was in line with expectations and down from the 3.2 percent increase in July. Excluding trusts, lending rose an annual 3.4 percent to 546.734 trillion yen, while...
Japan posted a current account surplus of 3.193 trillion yen in July, the Ministry of Finance said on Monday - up 15.1 percent on year. Thats up from the 1.533 trillion yen surplus in June. Imports were up 16.8 percent on year to 9.899 trillion yen, while exports rose an annual 9.4 percent to 9.417...
Japans gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2024, the Cabinet Office said on Monday. That was shy of expectations for an increase of 0.8 percent, which would have been unchanged from the previous three months. On an annualized basis, GDP rose 2.9 percent - again...
The Taiwan stock market has tracked higher in back-to-back sessions, rallying more than 440 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 21,435-point plateau although it may run out of steam on Monday. The global forecast for the Asian markets is negative on concerns over the health...
Asian stocks declined on Monday due to lingering worries about U.S. and Chinese growth. Responding to Fridays weak jobs data, U.S. Treasury Secretary Janet Yellen said that the U.S. economy remains strong and that recent months of cooler jobs data is a signal of a soft landing, not a recession. The dollar fluctuated ahead of...
German stocks opened on a firm note Monday, after having suffered heavy losses on Friday on concerns about slowing U.S. growth. Investors await cues from key U.S. inflation readings this week for more insight into the size of rate cuts at the next Fed meeting. Closer home, the European Central Banks rate decision is due...
French stocks advanced on Monday after U.S. Treasury Secretary Janet Yellen said that the U.S. economy remains strong and that recent months of cooler jobs data is a signal of a soft landing, not a recession. The focus now shifts to the August inflation data due this week and the Federal Reserves policy meeting on...
U.K. stocks traded higher on Monday after declining for six straight sessions. The benchmark FTSE 100 was up 50 points, or 0.6 percent, at 8,231 ahead of key employment and GDP data scheduled for Tuesday and Wednesday, respectively. Meanwhile, investors shrugged off the results of a survey that showed Britains labor market cooled noticeably last...
The Institute for Supply Management released a report on Thursday unexpectedly showing a slight uptick by its reading on U.S. service sector activity in the month of August. The ISM said its services PMI inched up to 51.5 in August from 51.4 in July, with a reading above 50 indicating growth in the sector. Economists...