The Canadian market ended flat on Tuesday after stocks turned in a mixed performance as investors awaited the Canadian central bank\'s monetary policy announcement. Technology and communications stocks fell, while energy stocks found support despite weak crude oil prices. The benchmark S&P/TSX Composite Index, which opened slightly down but climbed to 21,622.99 subsequently, dropped to...
The U.S. dollar struggled to find support on Tuesday as weaker than expected economic data, including a reading on the nation\'s services sector activity, raised the possibility of a rate cut in June. Traders also looked ahead to Federal Reserve Chair Jerome Powell\'s testimony before the House Financial Services Committee on Wednesday and the Senate...
Australia will on Wednesday release Q4 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to rise 0.3 percent on quarter and 1.5 percent on year after adding 0.2 percent on quarter and 2.1 percent on year n the previous three months. Australia also will see January numbers...
Australia\'s gross domestic product expanded a seasonally adjusted 0.2% on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations and unchanged from the three months prior. On an annualized basis, GDP advanced 1.5 percent - exceeding expectations for 1.4 percent but slowing from...
The total value of retail sales in Australia was up a seasonally adjusted 1.1 percent on month in January, the Australian Bureau of Statistics said on Wednesday - coming in at A$35.723billion. That was in line with expectations following the 2.7 percent slump in December. On a yearly basis, sales also rose 1.1 percent. Individually,...
The China stock market has climbed higher in four straight sessions, collecting almost 90 points or 3 percent along the way. The Shanghai Composite Index now rests just beneath the 3,050-point plateau although investors are likely to cash in on Wednesday. The global forecast for the Asian markets suggests further consolidation on concerns over the...
The Hong Kong stock market on Tuesday halted the two-day winning streak in which it had added more than 80 points or 0.5 percent. The Hang Seng Index now sits just above the 16,160-point plateau and it\'s looking at another rough session again on Wednesday. The global forecast for the Asian markets suggests further consolidation...
The Indonesia stock market has moved lower in four straight sessions, slumping almost 80 points or 1.1 percent along the way. The Jakarta Composite Index now sits just beneath the 7,250-point plateau and it may extend its losing streak again on Wednesday. The global forecast for the Asian markets suggests further consolidation on concerns over...
Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling to be a tad above the 7,700 level, following the broadly negative cues from Wall Street overnight, with losses in mining and technology stocks partially offset by gains in financial stocks. The...
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to nearly a 3-week low of 0.6073 against the U.S. dollar and nearly a 1-1/2 month low of 1.7862 against the euro, from yesterday\'s closing quotes of 0.6091 and 1.7811, respectively. Against the yen, the kiwi...