The Canadian market is up firmly in positive territory Friday afternoon and looks set to end the day\'s session on a bright note, as stocks from several sectors are back in demand after recent losses. Energy, financials, technology, materials and consumer staples stocks are finding good support. The benchmark S&P/TSX Composite Index is up 110.36...
Despite rising prospects of the Federal Reserve holding interest rates higher for longer, the U.S. dollar turned in a weak performance on Friday with investors picking up stocks amid an improvement in risk sentiment. The dollar stayed firm earlier in the week with hawkish comments from a slew of Federal Reserve officials, and the minutes...
Hong Kong will on Monday release April data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In March, imports were up 5.3 percent on month and exports rose 4.7 percent for a trade deficit of HKD45.0 billion. China will see April figures for industrial profits; in March, profits were...
The South Korea stock market has moved lower in four straight sessions, slipping more than 55 points or 2.1 percent along the way. The KOSPI now sits just above the 2,685-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is cautiously optimistic, with technology shares expected to...
The Canadian market ended lower on Wednesday as energy and materials shares reeled under selling pressure as oil and metal prices fell. Concerns about the outlook for interest rates weighed as well on sentiment. Data showing an unexpected increase in U.S. crude inventories in the week ended May 17th weighed on oil prices, and gold...
New Zealand will on Thursday release Q1 figures for retail sales, highlighting a busy day for Asia-Pacific economic activity. Sales are expected to slip 0.3 percent on quarter after falling 1.9 percent in the previous three months, while core retail sales are seen flat after losing 1.7 percent in Q4. Australia will see May figures...
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the first three months of 2024, Statistics New Zealand said on Thursday. That beat forecasts for a decline of 0.3 percent following the 1.9 percent contraction in the three months prior. By industry, the largest movements...
The South Korea stock market has moved lower in two straight sessions, slipping almost 20 points or 0.7 percent along the way. The KOSPI now sits just beneath the 2,725-point plateau and it may extend its losing streak on Thursday. The global forecast for the Asian markets is negative on a dimming outlook for interest...
The manufacturing sector in Australia continued to contract in May, and at a steady pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 49.6. That\'s unchanged from the April reading, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Production levels fell for...
Ahead of Wednesday\'s holiday for Wesak Day, the Malaysia stock market had ended 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 above the 1,620-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets...