The Taiwan stock market on Tuesday ended the two-day slide in which it had dropped more than 500 points or 2.1 percent. The Taiwan Stock Exchange now sits just beneath the 24,000-point plateau and it\'s expected to find additional support on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news...
The China stock market has moved higher in four straight sessions, collecting more than 35 points or 1.2 percent in that span. The Shanghai Composite Index now sits just above the 2,975-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news and...
The Hong Kong stock market has moved lower in two straight sessions, tumbling almost 550 points or 3 percent in that span. The Hang Seng Index now rests just above the 17,725-point plateau although it\'s likely to find traction on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news and...
Eurozone inflation slowed as initially estimated in June but the European Central Bank is expected to hold its benchmark rate on Thursday as underlying inflation remains too high. The harmonized index of consumer prices rose 2.5 percent on a yearly basis, which was slower than the 2.6 percent growth posted in May. The 2.5 percent...
Shares of ASML Holding N.V. were losing around 7 percent in the morning trading in Amsterdam as well as in pre-market activity on the Nasdaq Stock Exchange after the Dutch semiconductor equipment maker reported Wednesday weak second-quarter profit, net sales as well as volume. This was despite reporting growth in gross margin as well as...
Indonesia\'s central bank kept its benchmark interest rate unchanged, as widely expected, on Wednesday. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to maintain the seven-day reverse repo rate to 6.25 percent. The current 6.25 percent is the highest since 2016, when the bank made the seven-day reverse repo as its...
U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp common shareholders for the second quarter increased to $1.52 billion or $0.97 per share from $1.28 billion or $0.84 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $1.54 billion or $0.98 per share, compared to $1.71...
Northern Trust Corp. (NTRS) reported Wednesday that its second-quarter net income applicable to common stock surged to $891.4 million or $4.34 per share from $327.1 million or $1.56 per share in the prior-year quarter. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $1.90 per share for the quarter....
Johnson & Johnson reported Wednesday weak profit in its second quarter on charges, while adjusted earnings beat market estimates on sales growth. The drug major further trimmed its fiscal 2024 adjusted earnings outlook, but lifted operational sales view to mainly reflect the acquisition of Shockwave Medical. In pre-market activity on the NYSE, Johnson & Johnson...
Australia will on Thursday release June numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 4.1 percent from 4.0 percent in May. The Australian economy is tipped to add 19,900 jobs following the increase of 39,700 jobs in the previous month. The participation rate...