The UK construction sector posted another strong growth in August as lower borrowing cost and gradual improvement in market conditions boosted residential work, survey results from S&P Global showed on Thursday. The construction Purchasing Managers Index fell to 53.6 in August from Julys 26-month high of 55.3. The reading was expected to drop moderately to...
Canadian stocks are up in positive territory Wednesday morning with investors reacting to the Bank of Canadas decision to reduce interest rates by 0.25 basis points for the third straight month. Healthcare, real estate and communications shares are among the prominent gainers. Several stocks from utilities and consumer discretionary sectors are also notably higher. Energy...
European stocks closed lower on Wednesday on weak global cues amid concerns about the outlook for growth after data showed continued contraction in U.S. factory activity, and cooling labor market. A downward revision in Eurozone composite PMI weighed as well. Investors fretted about weakening Chinese growth as well. Economic activity in the U.S. manufacturing sector...
The Switzerland market ended sharply lower on Wednesday, tracking weakness in global markets amid rising concerns about economic slowdown in the U.S. and China. The benchmark SMI ended down 172.02 points or 1.39% at 12,176.17. The index touched a low of 12,133.05 in the session. Richemont dropped 5.8%. Logitech International and Swatch Group lost 4.17%...
The Indonesia stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had advanced almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just above the 7,670-point plateau although it may head south again on Thursday. The global forecast for the Asian markets suggests...
Australia posted a merchandise trade surplus of A$6.009 billion in July, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for a surplus of A$5.050 billion and was up from the downwardly revised A$5.425 billion surplus in June (originally A$5.589 billion). Exports were up 0.7 percent following the downwardly revised 1.4 percent increase...
The Thai stock market has moved higher in two straight sessions, collecting almost a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,365-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets suggests little movement ahead of key U.S....
German stocks fell on Wednesday to extend losses from the previous session as investors fretted about weakening U.S. and Chinese growth. Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the worlds largest economy is headed for recession....
French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears. Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors appetite for riskier assets. The benchmark CAC 40 was down 64 points,...
U.K. stocks traded lower on Wednesday amid concerns about slowing U.S. and Chinese growth. Meanwhile, the U.K. service sector activity expanded at the fastest pace in four months as the post-election upturn in business activity and new work was sustained in August along with easing inflationary pressures, final survey data from S&P Global showed. The...