The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. Markets expect the hot U.K. inflation figures could diminish the odds of the BoE delivering...
New Zealand will on Thursday release October figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In September, card spending was down 3.2 percent on year. Hong Kong will see October figures for consumer prices; in September, overall inflation was up 0.1 percent on month and 2.2 percent on year. Indonesia...
The Canadian market closed slightly up on Wednesday after a cautious session as investors awaited quarterly results from U.S. megacap NVIDIA due after trading hours, and some crucial economic data due later in the week. Worries about escalating tensions between Ukraine and Russia and uncertainty about the Federal Reserves interest rate moves rendered the mood...
The Malaysia stock market has moved lower in two straight sessions, slipping more than 5 points or 0.3 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau and its likely to remain in that neighborhood again on Thursday. The global forecast for the Asian markets is murky, with...
The Singapore stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had collected more than 30 points or 0.8 percent. The Straits Times Index now sits just above the 3,740-point plateau and it may inch higher on Thursday. The global forecast for...
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day losing streak in which it had tumbled almost 850 points or 3.6 percent. The Taiwan Stock Exchange now rests just beneath the 22,690-point plateau and it may tick lower again on Thursday....
The China stock market has tracked higher in two straight sessions, collecting almost 35 points or 1 percent along the way. The Shanghai Composite now sits just beneath the 3,370-point plateau although it may open in the red on Thursday. The global forecast for the Asian markets is murky, with mild downside likely from the...
The Hong Kong stock market has climbed higher in three straight sessions, rallying more than 275 points or 1.4 percent along the way. The Hang Seng Index now sits just above the 19,700-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets is murky, with mild downside likely from...
The Thai stock market has moved higher in three straight sessions, gathering more than 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may spin its wheels on Thursday. The global forecast for the Asian markets is murky, with mild downside likely...
European stocks are seen opening on a positive note Monday, even as the upside may remain capped due to concerns about the path of interest rates. The U.S. economic calendar remains light, with reports on housing starts, existing home sales and weekly jobless claims likely to garner attention as the week progresses. Nvidia, the worlds...