The services sector in China continued to expand in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 51.5. Thats down from 52.0 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Services activity growth slowed...
The Thai stock market has tracked higher in back-to-back sessions, advancing almost 30 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,455-point plateau although the rally may stall on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by oil and technology...
The U.S. dollar weakened against other major currencies in the European session on Wednesday, as investors ponder over U.S. president-elect Donald Trumps tariff plans and await the Feds preferred readings on consumer price inflation later in the day for additional clues on the Feds rate trajectory. Trump on Tuesday named another China sceptic, Jamieson Greer,...
Asian stocks turned in a mixed performance on Wednesday as official data showed Chinas industrial profits fell again in October but less sharply than in September. Regional gains were limited by tariff worries as U.S. President-elect Donald Trump picked another China sceptic, Jamieson Greer, to serve as the United States Trade Representative (USTR) and appointed...
German stocks traded lower on Wednesday amid concerns over whether other countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged to impose significant tariffs on goods from Canada, Mexico, and China. Meanwhile, investors demand for a risk premium on French debt has increased amid political uncertainties. Frances...
The major European markets saw late support to finish mixed on Tuesday, shaking off early weakness as investors fretted about potential inflationary pressures arising from U.S. President-elect Donald Trumps proposed tariff policies. Investor sentiment was also dented as the risk premium investors demand to hold French debt rose to its highest level since 2012 amid...
The Swiss franc weakened against its most major counterparts in the New York session on Wednesday. The franc fell to a 2-day low of 1.1180 against the pound and a 1-1/2-month low of 170.97 against the yen, off its early highs of 1.1119 and 172.82, respectively. The franc edged down to 0.9323 against the euro....
The Swiss stock market spent most of Wednesdays trade under water before a late rally nudged it up into positive territory going into the close. The higher finish allowed the SMI to snap the two-day losing streak in which it had given up more than 80 points or 0.7 percent. The performance was mostly in...
Following the rebound seen during trading on Tuesday, the value of the U.S. dollar is extending Mondays slump during trading on Wednesday. The U.S. dollar index has slid 0.94 points or 0.9 percent to 106.07, pulling back well off last Fridays two-year highs. The greenback has shown a significant move to the downside versus the...
The South Korea stock market has moved lower in two straight sessions, sinking more than 30 points or 1.2 percent along the way. The KOSPI now sits just above the 2,500-point plateau and it may see continued selling pressure on Thursday. The global forecast for the Asian markets suggests mild consolidation on renewed concerns over...