The South Korea stock market has moved lower in back-to-back sessions, dropping more than 60 points or 2.3 percent along the way. The KOSPI now sits just above the 2,555-point plateau and it may extend its losses on Friday. The global forecast for the Asian markets is broadly negative, with pressure likely among technology stocks...
The manufacturing sector in Australia continued to contract in October, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 47.3. Thats up from 46.7 in September, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Subdued market conditions underpinned...
South Korea posted a merchandise trade surplus of $3.17 billion in October, the Customs Office said on Friday. That missed forecasts for a surplus of $4.23 billion and was down from $6.66 billion in September. Exports rose an annual 4.6 percent, again shy of expectations for a gain of 6.9 percent after rising 7.5 percent...
Indian markets remain closed today on account of Diwali. However, there will be a special one-hour Muhurat trading session between 6.00 pm and 7.00 pm. Benchmark indexes Sensex and Nifty fell 0.7 percent and 0.6 percent, respectively on Thursday to extend losses for a second day running, while the rupee ended largely unchanged at 84.07...
Chinas manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion....
Factory Purchasing Managers survey results and house prices from the UK are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, the UK Nationwide house price data is due. House prices are forecast to grow 2.8 percent annually in October after rising 3.2 percent in September. At 3.30...
Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a...
The pound moved up against its major counterparts in the New York session on Friday. The pound edged up to 1.2980 against the greenback, 198.29 against the yen and 0.8369 against the euro, off its early lows of 1.2884, 195.77 and 0.8443, respectively. The pound firmed to 1.1279 against the franc, setting a 2-day high....
The Brazilian real weakened against the U.S. dollar in the New York session on Friday. The Brazilian real dropped to near a 3-month low of 5.83 against the greenback from yesterdays close of 5.78. The next possible downside target for the currency is seen around the 5.85 level.
European stocks closed higher on Friday with investors reacting to some fairly strong corporate earnings announcements, and assessing the likely move of the Federal Reserve after data showed much weaker than expected job growth in the U.S. in the month of October. Upbeat earnings news from Amazon and Intel contributed significantly to the positive mood...