The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank is expected to keep its benchmark lending rate unchanged at 3.50 percent. Japan will release May numbers for core machine orders, with forecasts suggesting an...
The South Korea stock market has moved higher in back-to-back sessions, gathering more than 10 points or 0.3 percent along the way. The KOSPI now sits just shy of the 2,870-point plateau and it may add to its winnings on Thursday. The global forecast for the Asian markets is upbeat, fueled by technology shares ahead...
U.S. stocks ended mixed on Monday, turning a bit sluggish after a fairly good start. Among the major averages, the Nasdaq and the S&P 500 moved on to record highs, while the Dow ended in negative territory. Optimism about the outlook for interest rates aided stocks earlier in the session. However, the mood turned a...
The U.S. Dollar declined significantly during the week ended July 5 amidst weak economic data from the U.S. that renewed expectations of a rate cut by the Fed. The greenback weakened against the euro, the pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona as well as the Swiss franc. The...
The pound strengthened against its major counterparts in the New York session on Monday, as Labour leader Keir Starmer\'s landslide victory in last week\'s election secured political stability. Starmer pledged to begin the work of change, the mission of national renewal and rebuild the country. The Labor won 411 seats in the House Of Commons,...
European stocks turned in a mixed performance on Monday, and the major markets in the region closed slightly down, as investors reacted to the results of French parliamentary elections, and awaited Fed Chair Jerome Powell\'s testimony this week for clues on U.S. central bank\'s policy path. A left-wing alliance won the most seats in the...
Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of key US inflation data later in the week, which is expected to show a slowdown in the pace of annual price growth, could impact the outlook for interest rates....
Indian shares were seeing modest gains in early trade on Tuesday, with FMCG and auto stocks pacing the gainers ahead of the earnings season. The benchmark S&P/BSE Sensex edged up 186 points, or 0.2 percent, to 80,146 despite mixed cues from global markets. The broader NSE Nifty index was up 50 points, or 0.2 percent,...
European stocks look set to open mostly lower on Tuesday as investors fret about France\'s uncertain political outlook, the country\'s economic stability and growth. U.K. stocks may rise at open after Britain\'s finance minister Rachel Reeves set out plans to unblock infrastructure projects and private investment as part of a new \"national mission\" to drive...
Australia\'s business confidence improved in June to the highest since early 2003 but consumer sentiment remained deeply pessimistic in July largely due to fears of persistent inflation and interest rate hikes, private survey results showed on Tuesday. The business sentiment index advanced to +4 in June from -2 in May, monthly survey data from NAB...