The Singapore stock market rebounded again on Thursday, one day after halting the four-day winning streak in which it had gained more than 35 points or 1 percent. The Straits Times Index now sits just above the 3,400-point plateau although it may head south again on Friday. The global forecast for the Asian markets suggests...
Industrial production in Japan was up a seasonally adjusted 2.8 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday. That was shy of expectations for an increase of 3.6 percent following the 4.2 percent contraction in June. On a yearly basis, industrial production rose 2.7 percent. Upon the release...
The value of retail sales in Japan was up 2.6 percent on year in July, the Ministry of Economy, Trade and Industry said on Friday - coming in at 14.309 trillion yen. That missed forecasts for an increase of 2.8 percent and was down from 3.8 percent in June. Commercial Sales added 2.5 percent on...
Indian shares were modestly higher on Thursday despite weak cues from global markets as Nvidia Corp. earnings lacked the wow factor to impress investors. The benchmark S&P/BSE Sensex rose 180 points, or 0.2 percent, to 81,965 in early trade while the broader NSE Nifty index was up 49 points, or 0.2 percent, at 25,101. Paytm...
Economic confidence from the euro area and flash inflation from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is scheduled to release Europes new car registrations data for July. In the meantime, retail sales and household consumption from Norway and...
European stocks may open on a mixed note Thursday, with technology stocks likely to suffer losses as Nvidias quarterly forecast failed to impress investors. The AI chip champion predicted sales and margins broadly in line with Wall Street estimates but disappointed some bullish investors who had hoped for something more dramatic. Asian markets fell in...
Australias capital expenditure declined unexpectedly in the second quarter, data published by the Australian Bureau of Statistics showed on Thursday. Private new capital expenditure decreased 2.2 percent from the previous quarter, confounding expectations for an increase of 0.9 percent. This follows a 1.9 percent rise in the first quarter. Business investment fell 3.6 percent in...
Europe car registrations growth eased notably in July largely due to the sharp fall in battery-electric car demand, data released by the European Automobile Manufacturers Association, or ACEA, showed on Thursday. Car sales grew only 0.2 percent on a yearly basis in July after a 4.3 percent gain in June. Data showed mixed results across...
UK car production declined in July due to model changeovers as well as temporary supply chain challenges, the Society of Motor Manufacturers & Traders, or SMMT, said on Thursday. Car output posted an annual decline of 14.4 percent in July. Factory lines rolled out 65,478 vehicles. Despite the fall, the share of electrified vehicle manufacturing...
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous weeks revised level of 233,000. Economists had expected jobless claims to come in...