The Hong Kong stock market has climbed higher in two straight sessions, collecting more than 360 points or 2 percent along the way. The Hang Seng Index now sits just beneath the 18,450-point plateau and it may see additional support on Wednesday. The global forecast for the Asian markets suggests mild upside on easing treasury...
The Indonesia stock market has moved higher in back-to-back sessions, collecting almost 130 points or 1.9 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets suggests mild upside on easing treasury yields. The...
Australia\'s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was shy of expectations for an increase of 0.2 percent following the upwardly revised 0.3 percent gain in the previous quarter (originally 0.2 percent). On an annualized basis,...
While reporting financial results for the third quarter on Wednesday, United Natural Foods, Inc. (UNFI) raised its adjusted bottom line results guidance for the full-year 2024, while maintaining annual net sales outlook. For fiscal 2024, the company now projects a loss in a range of $1.85 to $1.45 per share and adjusted results between a...
The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors looked ahead to Thursday\'s ECB meeting and the release of U.S. labor market data on Friday for directional cues. The European Central Bank is expected to ease borrowing costs by 25 basis points from the present record levels of...
Consumer price inflation in the Philippines is consistent with existing projections and is likely to exceed the target range temporarily in the coming months, due to the impact of adverse weather on domestic agricultural output and positive base effects, the country\'s central bank Bangko Sentral ng Pilipinas said Wednesday. Official data released earlier in the...
Biotech company I-Mab (IMAB) announced Wednesday that it has entered into a clinical trial collaboration and supply agreement with Bristol Myers Squibb (BMY). The collaboration will evaluate the combination of givastomig, an investigational Claudin 18.2 x 4-1BB bispecific antibody jointly developed by I-Mab and ABL Bio, with Bristol Myers Squibb\'s immune checkpoint inhibitor, nivolumab, and...
German stocks advanced on Monday after a survey showed business conditions in the German manufacturing sector steadied further in May. The HCOB final Purchasing Managers\' Index (PMI) for German manufacturing rose to 45.4 from 42.5 in April, confirming a preliminary flash estimate as output and new orders declined at a much slower pace than the...
French stocks traded higher on Monday as a survey showed France\'s manufacturing PMI improved to 46.40 in May from 45.30 in April. Investors also braced for a key interest-rate decision from the European Central Bank this week. The benchmark CAC 40 was up 38 points, or half a percent at 8,030 after closing up 0.2...
U.K. stocks eked out modest gains on Monday after a survey by S&P Global showed manufacturing in the U.K. increased to 51.2 in May, up from April\'s 49.1 and marking the highest reading since July 2022. The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,304 after rising half a percent on...