The Japanese yen weakened against other major currencies in the Asian session on Monday, as Japanese stock market traded higher, adding to the gains in the previous session, with gains across most sectors lead by index heavyweights and technology stocks. The benchmark S&P/ASX 200 is moving to a tad shy of the 39,000 level for...
Chinas manufacturing activity recovered in August as new orders returned to growth, driving faster production growth, data from S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers Index rose to 50.4 in August from 49.8 in July. Although the score signaled that the manufacturing sector improved following the brief deterioration, the rate of improvement...
Asian stocks ended mostly higher on Monday even as Chinese and Hong Kong markets fell on economic concerns. The dollar eased in Asian trading after hitting its highest level in nearly two weeks. Gold dipped below $2,500 per ounce while oil consolidated at lower levels ahead of an OPEC+ decision on output increase in the...
German stocks slipped into the red on Monday as a survey showed the downturn in the countrys manufacturing sector, which accounts for about a fifth of Europes biggest economy, accelerated in August. The HCOB final Purchasing Managers Index (PMI) dropped to 42.4 from 43.2 in July due to a steeper drop in incoming orders. Also,...
French stocks slipped into the red on Monday after a survey showed Frances manufacturing activity contracted at its fastest pace since January in August as a result of a sharp fall in output and new orders. The HCOB France Manufacturing Purchasing Managers Index (PMI), compiled by S&P Global, dropped to 43.9 from 44.0 in July....
U.K. stocks were little changed on Monday, recovering some early losses after a survey showed British factories had their strongest month in more than two years in August as a result of rising output, new orders and employment. The manufacturing PMI was finalized at 52.5 in August, up from Julys 52.1 and hitting a 26-month...
European stocks were subdued on Monday after a survey revealed that Euro zone manufacturing activity remained mired in contraction in August. The manufacturing PMI was finalized at 45.8 in August, unchanged from Julys reading. Elsewhere, the U.K. manufacturing PMI was finalized at 52.5 in August, up from Julys 52.1 and hitting a 26-month high as...
The Swiss franc weakened against most major currencies in the European session on Friday, as traders now cautiously look ahead to the release of closely watched readings on U.S. consumer price inflation later in the day. The data is not likely to impact forecasts for an interest rate cut by the U.S. Fed next month...
Australia will on Monday release July figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to rise 9.8 percent on year, steady from the June reading. Australia also will see Q2 data for business inventories and company gross operating profits. Inventories are expected to slip 0.5 percent on quarter...
After recording losses in the previous two sessions, the Canadian market ended on a positive note on Thursday despite paring a substantial portion of its intraday gains. The benchmark S&P/TSX Composite Index, which climbed about 210 points to 23,336.93, settled at 23,227.49, gaining 100.51 points or 0.43%. Canadian Imperial Bank of Commerce (CM.TO) rallied 5.5%...