The UK budget deficit widened more than officially estimated in September and also hit the highest level for the month since 2021, the Office for National Statistics reported Tuesday. Public sector net borrowing increased to GBP 16.6 billion in September from GBP 14.5 billion in the previous year. This was the third highest September borrowing...
Asian stocks ended broadly lower on Tuesday as Middle East tensions persisted and rising bond yields made investors rethink about rate cut chances. The dollar index remained elevated and approached the next psychological mark of 104, supported by strong U.S. treasury yields. Gold held near record levels amid geopolitical uncertainties and ahead of the U.S....
German stocks traded higher on Tuesday after software giant SAP raised its full-year targets on a strong cloud business in the third quarter. The benchmark DAX was up 86 points, or 0.4 percent, at 19,548 after declining 1 percent in the previous session. SAP jumped 5.5 percent after raising its full-year outlook. Automakers BMW, Mercedes...
French stocks were slightly lower on Tuesday amid rising inflation expectations and concerns over U.S. fiscal deficit. With about two weeks left before the Nov. 5 election, Treasury yields remained elevated on concerns about the path of the U.S. deficit regardless of which candidate wins the race for the White House. The benchmark CAC 40...
U.K. stocks drifted lower on Tuesday after data showed the U.K. budget deficit widened more than estimated in September and also hit the highest level for the month since 2021. Public sector net borrowing increased to GBP 16.6 billion in September from GBP 14.5 billion in the previous year, the Office for National Statistics said....
European stocks were mixed on Tuesday amid rising inflation expectations and concerns over U.S. fiscal deficit. With about two weeks left before the Nov. 5 election, Treasury yields remained elevated on concerns about the path of the U.S. deficit regardless of which candidate wins the race for the White House. The pan European STOXX 600...
The Singapore stock market has ended lower in consecutive trading days, shedding more than 50 points or 1.4 percent along the way. The Straits Times Index now sits just shy of the 3,590-point plateau and it may extend its losses again on Wednesday. The global forecast for the Asian markets is soft thanks to rising...
The Taiwan stock market on Wednesday ended the three-day winning streak in which it had advanced more than 530 points or 2.4 percent. The Taiwan Stock Exchange now rests just above the 23,535-point plateau and its looking at a fairly flat lead for Wednesdays trade. The global forecast for the Asian markets is soft thanks...
The China stock market has finished higher in three straight sessions, gathering almost 120 points or 3.5 percent along the way. The Shanghai Composite now sits just above the 3,285-point plateau although the rally may stall on Wednesday. The global forecast for the Asian markets is soft thanks to rising treasury yields. The European and...
The Hong Kong stock market has moved higher in two of three days since the end of the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just beneath the 20,500-point plateau and its expected to remain in that neighborhood again on Wednesday. The...