The Singapore stock market has moved lower in three straight sessions, falling more than 55 points or 1.6 percent along the way. The Straits Times Index now sits just above the 3,760-point plateau and it may be stuck in neutral again on Friday. The global forecast for the Asian markets remains murky on concerns over...
Asian stocks turned in a mixed performance on Friday as concerns persisted about the Federal Reserves rate trajectory and the U.S. faced a government shutdown after President-elect Donald Trump abruptly rejected a bipartisan plan. The dollar held near a two-year high, denting demand for commodities, including oil. Gold ticked higher in Asian trade but was...
German stocks tumbled on Friday as the U.S. faced a government shutdown and U.S. President-elect Donald Trump warned of potential tariffs on the European Union if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the worlds largest economy. In economic releases, the declining...
French stocks traded sharply lower on Friday as the U.S. faced a government shutdown after President-elect Donald Trump abruptly rejected a bipartisan plan. Tariff worries also spooked markets after U.S. President-elect Donald Trump warned the European Union to buy more U.S. oil and gas or face tariffs. The benchmark CAC 40 dropped 98 points, or...
U.K. stocks drifted lower on Friday after data showed British retail sales rose by a weaker-than-expected 0.2 percent in November as consumers hold back spending in the final months of the year. Analysts had expected 0.5 percent growth after a 0.7 percent fall in October. On a yearly basis, retail sales growth weakened to 0.5...
European stocks drifted lower on Friday as the U.S. faced a government shutdown and U.S. President-elect Donald Trump warned of potential tariffs on the European Union if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the worlds largest economy. In economic releases, the...
Indian shares fell sharply on Friday to extend losses for a fifth day running as the dollar and U.S. Treasury yields remained elevated amid expectations for prolonged high U.S. interest rates. Global sentiment was fragile after the Federal Reserve signaled a cautious approach to monetary easing in 2025. Robust U.S. economic data released overnight also...
Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and...
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline. Only 64,216 cars rolled off factory...
Russias central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike. The board of directors, led by Governor Elvira Nabiullina, retained the key interest rate at a record 21.00 percent. Markets anticipated a 200 basis-point rate hike. The bank has raised the key interest rate by 1,350 basis points...