The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.4 percent. The Hang Seng Index now sits just beneath the 20,490-point plateau although its expected to open to the upside on Friday. The global forecast for the Asian markets is mixed to...
The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the...
The South Korea stock market headed south again on Tuesday, one day after ending the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,570-point plateau and it may tick lower again on Wednesday. The global forecast for the Asian markets is soft thanks...
Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent, nearly two percentage points...
Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central banks interest rate decision due after the opening bell. The Bank of Canada is scheduled to announce its monetary policy at 9:45 AM ET. The central bank is widely expected...
The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage...
Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent...
A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate...
Despite the Bank of Canadas big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on Wednesday after a weak start, with stocks from energy and materials sectors reeling under selling pressure due to declining commodity prices. Shares from utilities, technology and healthcare sectors are among the other notable losers. The...
The Taiwan stock market has moved lower in back-to-back sessions, shedding more than 200 points or 0.9 percent along the way. The Taiwan Stock Exchange now rests just above the 23,330-point plateau and it may take further damage again on Thursday. The global forecast for the Asian markets is negative amid rising treasury yields and...