A stronger-than-expected job market update from the U.S. on Friday diminished rate cut hopes and boosted the U.S. dollar during the week ended June 7. The U.S. dollar\'s gains against the euro, the British pound, the Canadian dollar as well as the Swedish krona eclipsed the strength of the Japanese yen as well as the...
Energy, technology and materials stocks are finding some support in the Canadian market, where the mood remains quite cautious Monday morning as investors look ahead to crucial U.S. consumer price inflation data and the Federal Reserve\'s monetary policy announcement this week. The Fed is unlikely to make any change in interest rate, but the bank\'s...
The Malaysia stock market has moved higher in two straight sessions, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau although it\'s looking at a soft start on Monday. The global forecast for the Asian markets is negative as Friday\'s U.S. jobs...
The Singapore stock market ticked lower again on Friday, one day after ending the two-day slide in which it had slumped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,330-point plateau and the losses may accelerate on Monday. The global forecast for the Asian markets is negative as...
Japan\'s gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Monday - matching forecasts and unrevised from last month\'s advance estimate. GDP was up 0.1 percent on quarter in the fourth quarter of 2023. On an annualized basis, GDP was revised up...
Japan posted a current account surplus of 2.050 trillion yen in April, the Ministry of Finance said on Monday - up 8.2 percent from a year earlier. The April reading was down from 3.399 trillion yen in March. Exports were up 2.4 percent on year at 8.428 trillion yen and imports rose 8.5 percent to...
Overall bank lending in Japan was up 3.0 percent on year in May, the Bank of Japan said on Monday - coming in at 620.106 trillion yen. That was shy of expectations for an increase of 3.1 percent, which would have been unchanged from the April reading. Excluding trusts, lending was up an annual 3.4...
German stocks declined on Monday as U.S. rate cut hopes faded and the euro slipped to a one-month low against the dollar after far-right parties made big gains in the European Parliament election. In a shock move, French President Emmanuel Macron called a snap election after crushing loss, describing it as \'an act of confidence\'....
U.K. stocks traded lower on Monday as U.S. rate cut hopes faded and far-right parties rattled the traditional powers in the European Union and made major gains in parliamentary elections Sunday. Meanwhile, U.K. permanent staff appointments fell for the twentieth consecutive month in May, but the pace of decrease was the softest since March 2023,...
European stocks drifted lower on Monday, with French stocks coming under heavy selling pressure, after President Emmanuel Macron called for snap legislative elections later in June. Macron\'s decision comes after the European Union elections showed a broader shift towards right-wing and far-right parties. Focus also shifted toward Federal Reserve policymakers updating their rates forecast on...