The major European stock markets finished on opposite sides of the unchanged line on Monday after showing strength in the previous session. The markets saw early strength, supported by optimism over the outlook for interest rates; the markets in France and the United Kingdom were able to hold on to those gains, while the German...
The Taiwan stock market on Friday snapped the two-day slide in which it had slumped more than 280 points or 1.2 percent. The Taiwan Stock Exchanged now rests just shy of the 22,160-point plateau and it may pick up steam on Monday. The global forecast for the Asian markets is positive on optimism over the...
McKesson Corp. (MCK) announced Monday that it signed a definitive agreement to acquire a controlling interest in Community Oncology Revitalization Enterprise Ventures, LLC (Core Ventures). Core Ventures, a business and administrative services organization, was established by Florida Cancer Specialists & Research Institute, LLC (FCS), a leading physician-owned community oncology practice. FCS physicians will continue to...
The Malaysia stock market headed south again on Friday, one day after ending the two-day slide in which it had shed more than a dozen points or 0.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,635-point plateau, although it figures to bounce higher again on Monday. The global forecast for the...
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just shy of the 33,90-point plateau and its tipped to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism...
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Monday, as traders react to U.S. after Fed Chair Jerome Powells speech that signaled the central bank is prepared to begin cutting interest rates at its next monetary policy meeting in September. The time has come for policy to...
Asian stocks ended mostly higher on Monday, even as Japanese markets fell notably as the dollar sank to a three-week trough against the yen on dovish Fed outlook and Bank of Japan Governor Kazuo Uedas hawkish remarks on Friday reaffirming his resolve to raise interest rates. The dollar was under selling pressure and bond yields...
German stocks were a tad lower on Monday as investors digested weak business sentiment data and looked ahead to the release of a slew of regional data due later in the week. German business morale fell in August as companies were both more pessimistic and assessed their current situation as worse, a survey showed today....
French stocks were modestly higher on Monday to extend gains from the previous session after Federal Reserve Chair Jerome Powell signaled imminent interest-rate cuts. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks, Powell said at the...
European stocks traded mixed on Monday after three straight sessions of gains. Sentiment was dented after a survey showed the confidence among companies in Germany showed a downward trend in August. The ifo Business Climate Index fell to a six-month low of 86.6 in August from 87.0 in July as their current and future situations...