UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the...
iPhone maker Apple, Inc. (AAPL) is said to be working on designing and producing its own Artificial Intelligence-powered chips to run AI software on servers at its data centers, according to a Wall Street Journal report on Tuesday. The company, until now known for its iPhones, iPads, and Macs, is reportedly working with Taiwan Semiconductor...
Canadian stocks are turning in a mixed performance on Tuesday with investors digesting a slew of earnings announcements, and making largely cautious moves. The benchmark S&P/TSX Composite Index is up 79.37 points or 0.36% at 22,338.84 a few minutes past noon. On the economic front, the Ivey Purchasing Managers Index in Canada surged to 63...
European stocks closed notably higher on Tuesday, lifted by some strong earnings updates, encouraging economic data, and optimism about interest rate cuts by some major central banks in the second quarter of the year. The pan European Stoxx 600 climbed 1.14%. The U.K.\'s FTSE 100 gained 1.22%, Germany\'s DAX advanced 1.4% and France\'s CAC 40...
The Canadian dollar declined against its most major counterparts in the New York session on Tuesday. The loonie touched 1.4774 against the euro, its lowest level since March 19. The loonie touched 1.3717 against the greenback, setting a 5-day low. The loonie eased to 0.9065 against the aussie, from an early 4-day high of 0.9016....
The Switzerland market ended on a buoyant note on Tuesday, with strong results and optimism about interest rate cuts triggering sustained buying at several counters. The benchmark SMI, which kept moving higher after a firm start, ended with a gain of 183.31 points or 1.64% at 11,512.97, a few points off the day\'s high of...
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as Minneapolis Federal Reserve Bank President Neel Kashkari remarked that the central bank is expected to maintain a tighter monetary policy for an extended period. Recent inflation data raise doubts about whether the disinflationary process is in fact still underway,...
The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3. That\'s up from 54.1 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Total new work...
The Hong Kong stock market has moved higher in 10 straight sessions, gathering more than 2,370 points or 13.8 percent along the way. The Hang Seng Index now sits just above the 18,575-point plateau and it\'s looking at another firm lead for Tuesday\'s trade. The global forecast for the Asian markets is upbeat on renewed...
The Indonesia stock market has moved higher in two straight sessions, collecting almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,135-point plateau and it\'s expected to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism...