The Indonesia stock market on Thursday snapped the two-day winning streak in which it had rallied almost 280 points or 3 percent. The Jakarta Composite Index now sits just above the 7,310-point plateau and it may extend its losses on Friday. The global forecast for the Asian markets is flat to lower ahead of key...
Ahead of Thursdays holiday for King Bhumibols birthday, the Thai stock market had ended the two-day winning streak in which it had advanced almost 30 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and its looking at another soft start again on Friday. The global forecast for...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as slower domestic growth spurred bets that the Reserve Bank of Australia (RBA) is likely to cut interest rates in early 2025. Also, a private survey showed that Chinas services sector grew less than expected in November. Data from the Australian...
European stocks were moving higher on Wednesday after Eurozone November final services PMI was confirmed at 49.5 versus 49.2 preliminary. Meanwhile, the global economy is projected to remain resilient despite significant challenges, according to the latest economic outlook report from the Organization for Economic Co-operation and Development (OECD). The report projects global GDP growth of...
Indian shares ended slightly higher on Wednesday despite political uncertainties in France and South Korea. Sentiment was underpinned by firm global cues and foreign institutional investors (FIIs) slowing down their selling spree. There was also some cheer on the data front as a survey showed Indias services PMI remained strong at 58.4 in November. The...
An estimated 197 million people shopped during the five-day holiday weekend from Thanksgiving through Cyber Monday in the United States, but lower than last years record of 200.4 million, an annual survey by the National Retail Federation or NRF shows. However, Black Friday shoppers grew from last year, and remained the most popular day for...
The British pound weakened against most major currencies in the European session on Wednesday, after the Bank of England (BoE) Governor Baily predicted four interest rate cuts in 2025. While speaking at an interview at the Global Boardroom Digital Conference hosted by the Financial Times (FT), the BoE Governor Andrew Bailey said that the policymakers...
Shares of Dollar Tree, Inc. were gaining around 5 percent in the pre-market activity on the Nasdaq, after the discount retail chain on Wednesday reported higher third-quarter results, above market estimates. The company also issued fourth-quarter outlook and updated fiscal 2024 forecast. Further, Dollar Tree said its Chief Financial Officer Jeff Davis has agreed to...
The euro area private sector fell back into the contraction territory in the penultimate month of the year as business activity dropped the most since January amid a renewed fall in services output, final data from S&P Global showed on Wednesday. The HCOB final composite output index fell to 48.3 in November from 50.0 in...
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October. Economists had expected private sector employment to...