The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as Minneapolis Federal Reserve Bank President Neel Kashkari remarked that the central bank is expected to maintain a tighter monetary policy for an extended period. Recent inflation data raise doubts about whether the disinflationary process is in fact still underway,...
The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3. That\'s up from 54.1 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Total new work...
The Hong Kong stock market has moved higher in 10 straight sessions, gathering more than 2,370 points or 13.8 percent along the way. The Hang Seng Index now sits just above the 18,575-point plateau and it\'s looking at another firm lead for Tuesday\'s trade. The global forecast for the Asian markets is upbeat on renewed...
The Indonesia stock market has moved higher in two straight sessions, collecting almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,135-point plateau and it\'s expected to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism...
Ahead of Monday\'s holiday for Coronation Day, the Thai stock market has bounced higher again, one day after ending the two-day winning streak in which it had added almost 10 points or 0.7 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau and it\'s likely to move higher again on Tuesday....
Indian shares are seen opening on a flat note Tuesday after some officials said interest rates were likely to remain unchanged in the near term. Geopolitical tensions may also weigh on markets as Israel commenced its planned military offensive in Rafah hours after it rejected Hamas\'s proposal for a ceasefire in Gaza. Benchmark indexes Sensex...
U.K. stocks rallied on Tuesday, touching a record high as talks to secure a ceasefire in Gaza continued. Investors cheered data from the mortgage lender Halifax showing that house prices in the U.K. were steady in April after falling in March. The benchmark FTSE 100 was up 86 points, or 1.1 percent, at 8,299 as...
Shares of UBS Group AG were gaining around 8 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the Swiss banking major reported Tuesday significantly higher profit and revenues in its first quarter. Sequentially, the company returned to profit, the first time following its takeover of Credit...
European stocks traded mostly higher on Tuesday as investors reacted to mostly positive regional economic data and encouraging bank earnings. German factory orders decreased 0.4 percent on a monthly basis in March, confounding expectations for an increase of 0.4 percent - according to data from Destatis. Nonetheless, the pace of decrease slowed from the revised...
Indian shares closed lower on Tuesday despite firm cues from global markets. Investors waited for more clarity on events surrounding the Gaza conflict after Hamas reportedly accepted an Egyptian-Qatari cease-fire proposal to halt the seven-month war with Israel, but the latter said the deal didn\'t meet its \"core demand.\" As ceasefire talks continue, Israel is...