The China stock market has finished lower in two straight sessions, shedding almost 30 points or 1 percent along the way. The Shanghai Composite Index now sits just above the 3,085-point plateau although it\'s likely to find traction on Monday. The global forecast for the Asian markets is cautiously optimistic on an improved outlook for...
The manufacturing sector in Japan bounced back up into expansion territory in May, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 50.4. That\'s up from 49.6 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Output was broadly stable in May,...
The manufacturing sector in South Korea swung back up into expansion territory in May, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.6. That\'s up from 49.4 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Marked accelerations in growth across...
Indian shares may drift lower on Wednesday as investors react to a big surge in oil prices overnight and a jump in U.S. Treasury yields to multi-week highs. Anxiety ahead of the general election results, due next week may also keep investors on the sidelines. The Lok Sabha exit poll results will be announced post...
Indian shares opened on a sluggish note Wednesday as the dollar and bond yields jumped following relatively weak 2-year and 5-year auctions and after hawkish comments from Minneapolis Fed President Neel Kashkari. Surging oil prices amid escalating tensions in the Middle East and investor anxiety ahead of the general election results, due next week also...
European stocks may open on a sluggish note Wednesday as investors fret about the outlook for rates and watch closely the latest developments in the Middle East. Traders further reduced their rate cut expectations by the U.S. Federal Reserve after Minneapolis Fed President Neel Kashkari said he needs to see \"many more months of positive...
Flash inflation and consumer confidence from Germany and monetary aggregates from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the market research group Gfk is scheduled to issue Germany\'s consumer confidence survey results. The confidence index is forecast to improve to -22.5 in June from -24.2 in May....
Consumer confidence in Germany is set to improve further in June on rising economic and income expectations amid slowing inflation and rising wages, results of a survey showed Wednesday. The consumer confidence index rose to -20.9 in June from a revised -24.0 in the previous month, the survey published jointly by GfK and the Nuremberg...
Immunology company Vir Biotechnology, Inc. (VIR) announced Wednesday that Mark Eisner will join the company as Executive Vice President and Chief Medical Officer (CMO), effective June 03, 2024. Eisner will be a part of the company\'s Executive Management Team and will report directly to Chief Executive Officer Marianne De Backer. Eisner brings to Vir deep...
Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well. Investors are likely to react to quarterly earnings updates from Bank of Montreal (BMO.TO) and National Bank of Canada (NA.TO). Bank...