The Thai stock market has moved higher in two straight sessions, gathering more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,395-point plateau although it may open under pressure on Friday. The global forecast for the Asian markets is soft on pessimism over the...
Indian shares may open on a sluggish note Friday as investors face up to the prospect that the path to a Fed pivot will be a long and winding one. Auto and oil marketing companies could be in focus today after petrol and diesel prices were cut by Rs. 2 per liter across the country....
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, amid renewed concerns about the US Fed further postponing its first interest rate cut to after June, following the release of hotter-than-expected producer price inflation data for February. Asian markets ended mixed on Thursday. Adding to the...
Indian shares opened in the red on Friday as hotter-than-expected U.S. producer price data dented hopes for an imminent rate cut by the Federal Reserve. The benchmark S&P BSE Sensex was down 340 points, or half a percent, at 72,755 in early trade, while the broader NSE Nifty index was down 105 points, or half...
European stocks were little changed on Friday as traders pared their expectations for a U.S. rate cut in June and braced for more hawkish signals from a Federal Reserve meeting next week. According to the CME FedWatch Tool, the probability of the Fed leaving the policy rate unchanged at June meeting climbed from 25 percent...
Indian shares fell notably on Friday as signs of sticky inflation in the U.S. raised doubts on early Fed rate cuts. Hotter-than-expected U.S. producer price inflation print sent the dollar and bond yields higher, denting investors\' appetite for riskier assets. According to the CME FedWatch Tool, the probability of the Fed leaving the policy rate...
Denim retailer Buckle, Inc. (BKE) reported Friday fourth-quarter net income of $79.58 million or $1.59 per share, down from $87.84 million or $1.76 per share in the prior-year quarter. On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter. Analysts\' estimates typically exclude special items....
Brady Corp. (BRC) announced Friday that it has entered into exclusive negotiations to acquire Gravotech Holding for approximately 123 million euros or $133 million. Brady expects to fund the transaction with cash on hand as well as with borrowings on its existing credit agreement. The acquisition of Gravotech will add specialized direct part marking and...
Steel Connect, Inc. (STCN) reported Friday net income available to common stockholders for the second quarter of $4.81 million or $0.18 per share, compared to a net loss of $1.06 million or $0.16 per share in the prior-year quarter. Net revenue for the quarter declined 15.2 percent to $43.05 million from $50.78 million in the...
Canadian stocks may open higher Friday morning, tracking firm metal prices, and positive lead from European markets. Uncertainty around Fed easing might limit market\'s upside. Premium Brands Holdings Corporation (PBH.TO) reported adjusted earnings of $37.9 million, or $0.85 per share, for fourth-quarter of 2023, compared to adjusted earnings of $52.9 million, or $1.19 per share,...