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...
The UK unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. The unemployment rate rose to 4.3 percent in the September quarter from 4.0 percent in three months to August period, the Office for National Statistics reported Tuesday....
The British pound weakened against other major currencies in the European session on Tuesday. The pound fell to a 3-month low of 1.2792 against the U.S. dollar, from an early high of 1.2874. Against the Swiss franc and the yen, the pound slid to 4-day lows of 1.1280 and 196.89 from early highs of 1.1339...
The British pound weakened against other major currencies in the European session on Tuesday, after the U.K. unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. Data from the Office for National Statistics showed that the unemployment rate...
The Chinese yuan weakened against the U.S. dollar in the European session on Tuesday, amid concerns about possible tariffs on Chinese imports by U.S. President-Elect Donald Trump. Markets are nervous as they seek clarity on U.S. President-elect Donald Trumps policy proposals, including increased tariffs, and await key U.S. inflation reading later in the week for...
Indian shares tumbled on Tuesday amid lingering concerns over FII outflows and disappointment stemming from a weak earnings season. Sluggish cues from Asia and Europe also dented sentiment as traders awaited clarity on U.S. President-elect Donald Trumps policy proposals on global geopolitics, U.S.-China relations, NATO, immigration, and economic policies. The U.S. dollar held near a...