Asian stocks ended mixed on Tuesday as investors pondered what the U.S. Supreme Court\'s immunity decision meant for former president Donald Trump. The dollar gained traction and yields hit a one-month high after the Supreme Court ruled that presidents have absolute immunity from prosecution for core official acts. President Joe Biden said the high court\'s...
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as Federal Reserve Chair Jerome Powell signalled progress on cooling in inflation. Speaking at the ECB Forum in Portugal, Powell said that policy makers want to understand whether recent weaker inflation readings indicate a true picture of underlying price pressures....
European stocks closed lower on Tuesday, weighed down by the developments on the political front in the region, comments from some ECB officials that the central bank is unlikely to cut interest rates anytime soon, and lingering uncertainty about the outlook for U.S. interest rates. Higher U.S. Treasury yields weighed as well on stocks. Bond...
Recent inflation data does suggest a disinflationary trend in the U.S. economy, but more evidence is needed before policymakers can cut interest rates, Federal Reserve Chair Jerome Powell said Tuesday. \"We just want to understand that the levels that we\'re seeing are a true reading of underlying inflation,\" Powell said in a speech at a...
U.S. stocks are turning in a mixed performance in somewhat lackluster trade on Tuesday, as investors await some crucial economic data, including reports on non-farm payroll data, for more clarity about the outlook for Fed interest rates. With the market set to close early on Wednesday and remain closed on Thursday for Independence Day, the...
The Canadian market is roughly flat Tuesday afternoon with investors awaiting some key economic data, and largely refraining from making significant moves. The benchmark S&P/TSX Composite Index is up 8.95 points or 0.04% at 21,884.74. Onex Corporation (ONEX.TO) is gaining 4.5%. Kinaxis Inc (KXS.TO) is up 3.2% and Descartes Systems Group (DSG.TO) is up 2.75%....
The Indonesia stock market on Tuesday wrote a finish to the four-day winning streak in which it had rallied more than 250 points or 3.7 percent. The Jakarta Composite Index now rests just above the 7,125-point plateau although it\'s likely to see renewed support on Wednesday. The global forecast for the Asian markets suggests little...
Indian shares look set to open on a positive note Wednesday, mirroring gains in global markets. Volatility cannot be ruled out as oil prices climbed and concerns persist over high valuations. Analysts say that forward earnings do not justify valuations, especially in sectors that are linked to government policy actions, such as defense, railways, and...
The services sector in China continued to expand in June, although at a slower pace, the latest survey from Caixin showed on Wednesday with a service PMI score of 51.2. That\'s down from 54.0 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Central to the latest expansion...
The Taiwan stock market has finished higher in two straight sessions, advancing more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,060-point plateau and it\'s called higher again on Tuesday. The global forecast for the Asian markets suggests little movement ahead of key U.S. employment...