Australias business confidence strengthened notably in October on improvements across all industries except construction and retail, survey data from NAB showed on Tuesday. The business confidence index rose to +5 from -2 in September. At the same time, the business conditions index was unchanged at 7 in October. Trading conditions edged up one point to...
Asian stocks retreated on Monday as Beijings latest stimulus fell short of investor expectations and weak inflation data dampened hopes for a significant recovery in the worlds second largest economy. Concerns over U.S. dollar strength and international trade relationships also weighed on regional markets as the Republican Party edged closer to sweeping both chambers of...
The Japanese yen weakened against other major currencies in the Asian session on Monday, after the Bank of Japan (BoJ) Summary of Opinions from the October meeting revealed that policymakers were split on whether to raise interest rates. Also, the political uncertainty in Japan, raised doubts over the BoJs ability to tighten its monetary policy...
German stocks opened higher on Monday as investors digested upbeat earnings and looked ahead to key inflation readings in Germany and the United States due later in the week. The benchmark DAX was up 231 points, or 1.20 percent, at 19,446 after declining 0.8 percent on Friday. Automotive and industrial supplier Continental AG jumped nearly...
Canadian shares may open higher on Monday, tracking positive lead from European markets. However, weak crude oil and metal prices may weigh and limit markets upside. With a slew of key economic data due later in the week, the mood is likely to remain cautious. The dollar hovers near four-month peak versus major peers on...
The Canadian market is notably higher in late morning trade on Monday with investors continuing to react positively to Donald Trumps win in the U.S. Presidential Election. Stocks from technology, financials and utilities sectors are contributing significantly to the climb up north. to benefit from the upward momentum generated in reaction to former President Donald...
The South Korea stock market has finished lower in back-to-back sessions, slumping more than 1.30 points or 1.2 percent along the way. The KOSPI now sits just above the 2,530-point plateau although it may find support on Tuesday. The global forecast for the Asian markets is positive, mostly on inertia following the U.S. election. The...
After opening slightly up and rising further Monday morning, the Canadian market turned a bit sluggish and then kept paring gains as the day progressed before finally settling with a marginal gain. Donald Trumps win in the U.S. presidential election continued to aid sentiment and contributed to markets early gains. However, with a slew of...
The Malaysia stock market has tracked lower in three 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 although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is positive, mostly on inertia following...
Indian shares are set for a muted open Tuesday despite firm cues from overseas markets and a sharp fall in oil prices in the U.S. trading session overnight. FMCG stocks could be in focus after Britannia Industries reported a 9 percent fall in Q2 consolidated net profit. Earnings from NMDC, Shree Cement, Hindustan Copper, Bank...