With several stocks from across various sectors reeling under sustained selling pressure, the Canadian market looks headed for a very weak close on Thursday. Disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, anxiety ahead of U.S. presidential election and the Federal Reserves monetary policy meeting, and weak commodity prices are weighing...
The U.S. dollar recovered from early losses on Thursday after fairly encouraging economic data dashed hopes of any aggressive interest rate cut by the Federal Reserve next week, but gave up gains as the day progressed with investors awaiting non-farm payroll data due on Friday, and the presidential election next week. In economic releases today,...
The Canadian market ended sharply sharply lower on Thursday due to heavy selling at several counters, as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, and uncertainty about the outlook for interest rate cuts, weighed on sentiment. The benchmark S&P/TSX Composite Index ended down 350.92 points or 1.43% at 24,156.87. The...
South Korea will on Friday see October numbers for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity. Imports are expected to rise 2.3 percent on year, up marginally from 2.2 percent in September. Exports re called higher by an annual 6.1 percent, easing from 7.5 percent in the previous month....
The manufacturing sector in Thailand was stagnant in October, the latest survey from S&P Global showed on Friday with a manufacturing PMI score of 50.0. Thats down from 50.4 in September and it now sits right on the line that separates expansion from contraction. The PMI had positive contributions from output and employment. These were...
The China stock market on Thursday ended the two-day slide in which it had fallen more than 55 points or 1.7 percent. The Shanghai Composite now sits just beneath the 3,280-point plateau although its expected to turn lower again on Friday. The global forecast for the Asian markets is broadly negative, with pressure likely among...
Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Friday. That exceeded expectations for an increase of 0.7 percent, although it eased 0.1.0 percent in the three months prior. On a yearly basis, producer prices climbed 3.9 percent - roughly in...
The Hong Kong stock market has moved lower in two straight sessions, retreating more than 380 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,320-point plateau and its expected to open in the red again on Friday. The global forecast for the Asian markets is broadly negative,...
The Indonesia stock market on Thursday halted the six-day losing streak in which it had stumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just beneath the 7,575-point plateau although its expected to see renewed selling pressure on Friday. The global forecast for the Asian markets is broadly negative, with...
Indian shares opened on a sluggish note Wednesday as caution prevailed ahead of next weeks U.S. presidential election and Federal Reserve rate decision. The benchmark S&P/BSE Sensex was down 260 points, or 0.3 percent, at 80,107 in early trade while the broader NSE Nifty index was down 62 points, or 0.3 percent, at 24,405. Cipla...