Ahead of the long weekend for the Songkran Festival, the Thai stock market had ended the three-day winning streak in which it had rallied more than 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,395-point plateau and it\'s likely to open under pressure again on Wednesday. The global...
Indian markets remain closed today on account of Ram Navami. Benchmark indexes Sensex and Nifty ended down around 0.6 percent each on Tuesday to extend losses for a third straight session while the rupee plunged to a record closing low of 83.54 against the dollar. Asian markets were flat to slightly lower this morning after...
Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment and average earnings data for February. The jobless rate is forecast to rise to 4.0 percent in three months to February from 3.9 percent in the...
Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expansion. The investment would enhance the UAE\'s position as a global AI hub. With the collaboration, the companies expect to share the benefits of secure AI...
European stocks are likely to open on a sluggish note Tuesday as investors ponder over a wider Middle East conflict and the outlook for U.S. interest rates. Israel is weighing possible response actions to Iran\'s aggression, but it is not clear if a decision has been made. Diplomatic options are also on the anvil as...
Northern Trust Corp. (NTRS) reported Tuesday that its first-quarter net income applicable to common stock declined 38 percent to $198.5 million from last year\'s $318.4 million, with earnings per share decreasing 37 percent to $0.96 from $1.51 last year. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.44...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of...
The Canadian market is likely to open on a mixed note on Tuesday, tracking commodity prices, and reacting to the nation\'s consumer price inflation data. Geopolitical tensions may weigh on sentiment. Canadian inflation data for the month of March is due at 8:30 AM ET. Canada monthly consumer prices edged up by 0.3% in February....
Financial services firm Morgan Stanley (MS) reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower provisions for credit losses. Both earnings per share and quarterly revenues topped analysts\' estimates. In Tuesday pre-market trading, MS is currently trading on the...
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7 percent to an annual rate of 1.321...