Australia will on Wednesday release Q1 figures for construction work done, highlighting a light day for Asia-Pacific economic activity. Forecasts suggest an increase of 0.6 percent on quarter, easing from 0.7 percent in the three months prior. Japan will see May results for its consumer confidence index, with forecasts suggesting a reading of 39.1 -...
The South Korea stock market turned lower again on Tuesday, one day after ending the four-day losing streak in which it had dropped more than 55 points or 2.1 percent. The KOSPI now sits just shy of the 2,725-point plateau and it\'s likely to remain rangebound again on Wednesday. The global forecast for the Asian...
The Malaysia stock market has moved lower in three straight trading days, sinking almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau and it\'s likely to remain in that neighborhood again on Wednesday. The global forecast for the Asian markets is mixed and...
The Singapore stock market has moved higher in back-to-back sessions, collecting almost 15 points or 0.5 percent along the way. The Straits Times Index now rests just above the 3,330-point plateau although it may be stuck in neutral on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of the next...
The Taiwan stock market has moved higher in two straight sessions, gathering almost 300 points or 1.3 percent along the way. The Taiwan Stock Exchange now rests just shy of the 21,860-point plateau and it may spin its wheels on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of the...
The China stock market headed south again on Tuesday, one day after ending the two-day losing streak in which it had slumped almost 70 points or 2.2 percent. The Shanghai Composite Index now sits just above the 3,110-point plateau and it\'s expected to see little movement on Wednesday. The global forecast for the Asian markets...
Canadian shares may open a bit higher Friday morning on bargain hunting after losses in the previous two sessions. Data from Statistics Canada showed retail sales in Canada decreased 0.2% in March over the previous month. Retail sales in Canada rose by 1.9% from the corresponding period of the previous year in March, up from...
The German economy expanded as initially estimated in the first quarter and avoided a recession, thanks to the rebound in investment and exports. Gross domestic product expanded 0.2 percent sequentially in the first quarter, in contrast to the 0.5 percent decrease in the preceding three months, Destatis reported Friday. The statistical office confirmed the flash...
Infrastructure company Ferrovial SE (FRRVY.PK, FRRVF.PK) announced Friday that through its construction subsidiary Webber, it was awarded nine new contracts totaling $1.2 billion for construction and maintenance projects in the U.S. and Canada. The work includes roadway improvements, bridge construction, expansion of water treatment plants, and road maintenance. Ferrovial secured its first contract in Tennessee,...
Tesla founder and CEO Elon Musk, while speaking at a technology conference in Paris, said that he doesn\'t support President Biden\'s recent announcement of a tariff on imported Chinese-made electric vehicles. At the Viva Technology conference, Musk said, \"Tesla competes quite well in the market in China with no tariffs and no deferential support... I\'m...