The Bank of Canadas interest rate decision and the post meet press conference, as well as U.S. inflation data, will set the trend for stocks on Bay Street Wednesday morning. The Canadian central bank, scheduled to announce its interest rate decision at 9:45 AM ET, is widely expected to lower its benchmark rate by 50...
The Labor Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose in line with economist estimates in the month of November. The report said the consumer price index climbed by 0.3 percent in November after rising by 0.2 percent for four straight months. The increase matched expectations. The annual...
The Canadian market closed on a firm note on Wednesday, lifted by gains in materials, energy and technology sectors. The Bank of Canadas decision to lower interest rates by 50 basis points, and expectations of a 25 bps cut by the Federal Reserve next week helped underpin sentiment. The benchmark S&P/TSX Composite Index, which stayed...
The South Korea stock market has moved higher in back-to-back sessions, improving more than 80 points or 3.3 percent along the way. The KOSPI now sits just above the 2,440-point plateau and it may add to its winnings again on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the...
The Japanese stock market has tracked higher in three straight sessions, advancing more than 275 points or 0.7 percent along the way. The Nikkei 225 now sits just above the 39,370-point plateau and it may extend its gains again on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the...
The Malaysia stock market has ticked lower in four straight sessions, slipping more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may stop the bleeding on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about...
The Singapore stock market headed south again on Wednesday, one day after ending the two-day slide in which it had fallen almost 30 points or 0.8 percent. The Straits Times Index now rests just above the 3,790-point plateau although it figures to bounce higher again on Thursday. The global forecast for the Asian markets is...
The Taiwan stock market has finished lower in two straight sessions, shedding almost 360 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 22,900-point plateau although its due for support on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the outlook for...
The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in November, the Australian Bureau of Statistics said on Thursday. That was lower than forecasts for 4.2 percent and down from 4.1 percent in October. The Australia economy added 35,600 jobs last month, topping expectations for the addition of 26,000 jobs following...
The China stock market has finished higher in two straight sessions, collecting nearly 30 points or 0.9 percent along the way. The Shanghai Composite now sits just above the 3,430-point plateau and it may see additional support again on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the outlook...