The Taiwan stock market has finished lower in three straight sessions, plunging more than 1,100 points or 4.9 percent along the way. The Taiwan Stock Exchange now sits just beneath the 22,870-point plateau and it\'s expected to open under pressure again on Monday. The global forecast for the Asian markets is negative, with oil and...
Asian stocks fell broadly on Monday as Joe Biden announced his withdrawal from the 2024 presidential race against Donald Trump and China\'s central bank unexpectedly lowered its one-year benchmark loan prime rate to bolster a slowing economy. The dollar eased slightly as Biden endorsed Vice President Kamala Harris as the new Democratic nominee. Gold held...
German stocks rebounded on Monday, after having suffered steep losses in the previous session following a global IT outage linked to issues at cybersecurity firm CrowdStrike. The dollar slid while Treasuries rose as investors weighed the implications of U.S. President Joe Biden\'s exit from the presidential election race. Amid growing calls within his Democratic Party...
French stocks traded higher on Monday as a surprise rate cut by China\'s central bank saw investors expecting near-term improvement in economic momentum. Investors also watched the latest U.S. political developments after President Joe Biden said he is standing down and will not run for re-election. Biden offered his \"full support and endorsement\" for Vice-President...
U.K. stocks rose on Monday after U.S. President Joe Biden announced he would step back from running for the next elections, paving the way for his VP Kamala Harris. The benchmark FTSE 100 was up 42 points, or half a percent, at 8,197 after falling 0.6 percent on Friday. Ocado Group jumped more than 7...
European stocks bounced back on Monday, after having suffered steep losses in the previous session following a global IT outage linked to issues at cybersecurity firm CrowdStrike. The dollar slid while Treasuries rose as investors weighed the implications of U.S. President Joe Biden\'s exit from the presidential election race. Amid growing calls within his Democratic...
Shares of Ryanair Holdings plc were losing more than 14 percent in the pre-market activity on the Nasdaq after the European airline reported Monday sharply lower first-quarter profit, hit by higher operating costs and weaker than expected air fares. Traffic grew from last year despite multiple Boeing delivery delays, but load factor declined. Looking ahead,...
The Hong Kong stock market on Friday wrote a finish to the two-day winning streak in which it had picked up more than 50 points or 0.3 percent. The Hang Seng Index now rests just beneath the 17,420-point plateau and it may extend its losses on Monday. The global forecast for the Asian markets is...
The Indonesia stock market turned lower again on Friday, one day after snapping the three-day losing streak in which it had stumbled more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just beneath the 7,300-point plateau and it may extend its losses on Monday. The global forecast for the Asian markets...
Indian shares may open on a subdued note Monday, tracking weakness in global markets. Reliance Industries, HDFC Bank, UltraTech Cement, Wipro, Paytm and BPCL are likely to be in focus after unveiling their Q1 numbers post market hours on Friday. Expectations around the upcoming Union Budget, the next batch of quarterly earnings and foreign investor...