The South Korea stock market has moved lower in three straight sessions, slipping more than 20 points or 0.8 percent along the way. The KOSPI now sits just above the 2,720-point plateau and it may extend its losing streak on Friday. The global forecast for the Asian markets is soft on persistent concerns over the...
The Malaysia stock market bounced higher again on Thursday, one session after ending the three-day winning streak in which it had advanced almost 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,630-point plateau although it\'s likely to see renewed consolidation on Friday. The global forecast for the Asian...
The Singapore stock market rebounded on Thursday, one session after ending the three-day winning streak in which it had gathered almost 25 points or 0.6 percent. The Straits Times Index now rests just above the 3,320-point plateau although it may head south again on Friday. The global forecast for the Asian markets is soft on...
The Taiwan stock market has moved higher in back-to-back sessions, rallying more than 370 points or 1.8 percent along the way. The Taiwan Stock Exchange now sits just above the 21,550-point plateau although the rally may stall on Friday. The global forecast for the Asian markets is soft on persistent concerns over the outlook for...
Asian stocks retreated on Friday as robust U.S. economic data stoked concerns about sticky inflation and the Federal Reserve\'s rate path. Hawkish comments from another Federal Reserve official also weighed on investor sentiment. Chinese markets fell notably to extend declines from the prior session as a trade war with the U.S. escalated and the Chinese...
German stocks fell on Friday as robust U.S. economic data released overnight bolstered prospects of interest rates staying higher for longer. Meanwhile, the German economy expanded as initially estimated in the first quarter, underpinned by rebounding investment and exports, data from Destatis revealed earlier today. Gross domestic product expanded 0.2 percent sequentially in the first...
Burger King Co., owned by Restaurant Brands International Inc., is planning to launch $5 value meal to boost demand among Americans, who are cutting back on dining out, reports said. The fast-food hamburger chain\'s offer is said to include a choice of one of three sandwiches, with nuggets, fries, and a drink. The news comes...
French stocks declined on Friday as robust U.S. economic data along with hawkish comments from another Fed official stoked concerns about sticky inflation and the Federal Reserve\'s rate path. Meanwhile, the confidence among French manufacturers worsened unexpectedly in May and returned to below its long-term average, monthly data from the statistical office INSEE revealed earlier...
U.K. stocks traded lower on Friday after official data showed retail sales declined more than expected in April as a result of poor weather. The retail sales volume dropped 2.3 percent on a monthly basis, following a revised 0.2 percent drop in March, the Office for National Statistics said. Economists had forecast a 0.5 percent...
European stocks fell in cautious trade on Friday as U.S. rate jitters along with growing tensions between China and Taiwan sapped investors\' appetite for risk. In economic releases, the German economy expanded as initially estimated in the first quarter, underpinned by rebounding investment and exports, data from Destatis revealed. GDP expanded 0.2 percent sequentially in...