The China stock market has moved lower in two straight sessions, dropping more than 75 points or 2.4 percent along the way. The Shanghai Composite now sits just above the 3,385-point plateau although its due for support on Tuesday. The global forecast for the Asian markets is mixed to higher, with strong support expected from...
The Hong Kong stock market has finished lower in two straight sessions, sinking more than 600 points or 3 percent along the way. The Hang Seng Index now sits just beneath the 19,800-point plateau although its expected to open in the green on Tuesday. The global forecast for the Asian markets is mixed to higher,...
The Thai stock market has finished lower in five straight sessions, slipping more than 30 points or 2.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,420-point plateau and its expected to find traction on Tuesday. The global forecast for the Asian markets is mixed to higher, with strong...
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November. The Labor Department said its producer price index for final demand climbed by 0.4 percent in November after rising by an upwardly revised 0.3 percent in October. Economists had expected...
The U.S. dollar moved up against its most major counterparts in the New York session on Thursday, as producer price inflation increased more than expected in November, supporting expectations that the U.S. central bank will cut rates by 25 basis points next week. Data from the Labor Department showed that the producer price index for...
European stocks closed on a mixed note on Thursday with investors digesting the European Central Banks decision to cut interest rates by 25 basis points, and weighing the prospects of another cut in the first quarter of 2025. The Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the...
The Switzerland market exhibited some weakness early on in the session on Thursday, and despite a smart recovery, failed to sustain momentum but still managed to end the day on a positive note thanks to some brisk buying at a few top counters. The Swiss National Bank announced a bigger than expected 50-basis point cut...
The Canadian market, which opened modestly lower Thursday morning, continues to languish in negative territory in afternoon trades with stocks from several sectors reeling under sustained selling pressure. Energy, materials and communications shares are among the major losers. Healthcare, utilities and financials shares are also mostly weak. Lower commodity prices, and concerns about trade war...
The U.S. dollar climbed higher on Thursday after data showing the producer price inflation rose more than expected in November reduced the prospects of the Federal Reserve continuing to lower interest rates next year. The Labor Department report said the producer price index for final demand climbed by 0.4 percent in November after rising by...
The Bank of Japan will on Friday release the results of its quarterly Tankan survey of economic sentiment, highlighting an otherwise light day for Asia-Pacific economic activity. The large manufacturers index is expected to see a score of +13 with an outlook of +14, both unchanged from the previous survey. The small manufacturing index is...