The Canadian market looks on course to end the final session of 2024 on a positive note with stocks from communications, energy and materials sectors posting solid gains. Energy and materials stocks have moved higher on firm crude oil and bullion prices. The benchmark S&P/TSX Composite Index was up 117.90 points or nearly 0.5% at...
The Canadian market ended on a firm note on Tuesday, the final session of 2024, as energy and materials stocks moved higher on firm commodity prices. Shares from real estate and communications sectors were the other notable gainers in the session. Amid a lack of economic data and corporate news, trading volumes were thin and...
South Korea will on Monday release November numbers for industrial production and retail sales, highlighting a light day for Asia-Pacific economic activity. Industrial output is expected to slip 0.4 percent on month and rise 0.4 percent on year following the flat monthly reading and the 6.3 percent jump in October. Retail sales were down 0.4...
The South Korea stock market has moved lower in three straight sessions, surrendering almost 40 points or 1.7 percent along the way. The KOSPI now rests just above the 2,400-point plateau and its likely to take further damage again on Monday. The global forecast for the Asian markets is mixed to lower in this holiday-shortened...
Indian shares were subdued on Monday after U.S. equities fell sharply on Friday, dragged down by technology stocks amid rising global uncertainties and caution ahead of the year-end holiday season. The benchmark S&P/BSE Sensex was down 252 points, or 0.3 percent, at 78,447 in early trade while the broader NSE Nifty index dropped by 84...
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday, as the crude oil prices climbed higher after data showed a sharp drop in U.S. crude inventories in the week ended December 20th. The ongoing conflict between Russia and Ukraine, and expectations...
European stocks are seen opening on a mixed note Monday as the year-end approaches. This week ushers in a light period for economic data and corporate earnings, with regional and U.S. markets closed Wednesday in observance of New Years Day. The U.S. economic calendar remains light this week, with updates on housing prices and sales,...
Charles Dolan, the founder of major US media companies Home Box Office Inc. or HBO and Cablevision Systems Corp., died of natural causes at the age of 98. In a statement, his family said, It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder...
The Japanese yen weakened against other major currencies in the pre-European session on Monday, as traders speculate that the Bank of Japan (BoJ) is likely to deliver an interest rate hike in January. The possibility of a rate hike in January was maintained by some BoJ policymakers who saw elements coming together for an impending...
Asian stocks ended mixed on Monday as a cautious undertone prevailed, heading into year-end. Higher U.S. Treasury yields underpinned the dollar in Asian trade while oil and gold were little changed. Chinas Shanghai Composite index edged up by 0.21 percent to 3,407.33 ahead of manufacturing PMI data due on Tuesday. Hong Kongs Hang Seng index...