The Canadian dollar climbed against its major counterparts in the New York session on Tuesday. The loonie recovered to 1.3925 against the greenback, from an early more than 2-year low of 1.3967. The loonie climbed to a 6-day high of 0.9090 against the aussie, 5-day high of 111.07 against the yen and a fresh 4-month...
The Canadian market is holding in positive territory Tuesday afternoon posting a new record high, with technology stocks contributing substantially to the upmove. Materials and energy stocks are having a tough session due to weak commodity prices. The benchmark S&P/TSX Composite Index, which climbed to a new high of 25,024.93, was up 75.89 points or...
The U.S. dollar climbed higher on Tuesday, extending its dominance against his major counterparts, amid bets rate cuts will not be any aggressive next year as prices may move higher under Donald Trump administration due to proposed increase in tariffs. Investors await key U.S. inflation readings, reports on retail sales and industrial production, and FOMC...
Australia will on Wednesday release Q3 numbers for wage prices, highlighting a light day for Asia-Pacific economic activity. Wage prices are expected to rise 0.9 percent on quarter and 3.6 percent on year after gaining 0.8 percent on quarter and 4.1 percent on year in the three months prior. Japan will see October figures for...
The Canadian market closed on a firm note on Tuesday thanks to strong gains in technology stocks after Shopify reported strong quarterly earnings and came up with encouraging revenue guidance. The market ended higher despite weak commodity prices triggering some heavy selling in energy and materials sectors. The benchmark S&P/TSX Composite Index, which rose to...
The Malaysia stock market has tracked lower in four straight sessions, dropping more than 25 points or 1,7 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau and its expected to open to the downside again on Wednesday. The global forecast for the Asian markets is negative ahead...
The Singapore stock market on Tuesday ended the six-day winning streak in which it had surged almost 185 points or 5.1 percent. The Straits Times Index now sits just above the 3,710-point plateau and its expected to open under pressure again on Wednesday. The global forecast for the Asian markets is negative ahead of key...
Producer prices in Japan were up 0.2 percent on month in October, the Bank of Japan said on Wednesday. That exceeded expectations for a flat reading and was down from the upwardly revised 0.3 percent in September (originally flat). On a yearly basis, producer prices climbed 3.4 percent - again beating forecasts for 2.9 percent...
Indian shares may drift lower on Wednesday as investors react to weak global cues and signs of rising domestic inflation. Global sentiment remains fragile due to uncertainty over U.S.-President-election Trumps policy stance and Feds policy. Indias consumer price inflation accelerated in October to the highest level more than a year amid rising food costs, data...
Indian shares followed global peers lower on Wednesday as uncertainty prevailed over U.S.-President-election Trumps policy stance and Feds policy. Sentiment was also dented after official data showed Indias consumer price inflation accelerated in October to the highest level more than a year amid rising food costs. Consumer prices surged 6.21 percent on a yearly basis...