The Canadian market posted a new record closing high on Wednesday thanks to strong buying in the technology sector. Energy stocks found some support, while materials shares drifted lower. Expectations of more interest rate cuts by the Federal Reserve helped underpin sentiment. Data from the Labor Department said the consumer price index crept up by...
The Malaysia stock market on Wednesday ended the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and its expected to remain in that neighborhood again on Thursday. The global forecast for the Asian markets is murky on...
The Singapore stock market bounced higher again on Wednesday, one day after ending 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 3,720-point plateau and it may spin its wheels on Thursday. The global forecast for the Asian markets is...
The Taiwan stock market has moved lower in three straight sessions, tumbling almost 700 points or 3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,860-point plateau and it may see mild upside on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest...
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations. The Australian economy added 15,900 jobs, which missed forecasts for an increase of 25,200 jobs following the addition of 64,100 in...
The China stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,440-point plateau and it figures to see little movement on...
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had plunged almost 250 points or 3.3 percent. The Jakarta Composite Index now rests just above the 7,300-point plateau and its likely to remain rangebound again on Thursday....
Asian stocks slipped into the red on Tuesday, with Chinese and Hong Kong markets leading losses, as investors await U.S. President-elect Trumps stance on the economy, immigration, foreign policy and more. Gold hovered near a one-month low on dollar strength amid expectations that U.S. interest rates will stay higher for longer. Oil extended declines for...
The U.S. dollar strengthened against other major currencies in the Asian session on Tuesday, as investors believed that they would benefit from the upcoming government of Donald Trump. Though the markets are optimistic that Trumps policies such as tax reductions and deregulation will help boost corporate earnings, they see an uptick in inflation amid proposed...
European stocks traded lower on Tuesday after reports emerged that U.S. President-elect Donald Trump will appoint Michael Waltz as his national security adviser and Marco Rubio as secretary of state, indicating hardline positions on China, Iran and Venezuela. Meanwhile, according to data provider DDHQ, Trumps Republican Party had won a majority in the U.S. House...