The Indonesia stock market has tracked higher in eight straight sessions, climbing more than 300 points or 4.1 percent along the way. The Jakarta Composite Index now rests just beneath the 7,790-point plateau and its overdue for consolidation on Wednesday. The global forecast for the Asian markets is soft thanks to rising treasury yields. The...
Malaysia will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 5.9 percent on year. Taiwan will provide September figures for export orders; in August, orders were up 9.1 percent on year. New Zealand will see September numbers...
The South Korea stock market has moved lower in three straight sessions, shedding almost 40 points or 1.6 percent along the way. The KOSPI now sits just above the 2,590-point plateau although it may stop the bleeding on Monday, The global forecast for the Asian market is upbeat on generally upbeat earnings news. The European...
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and it may extend its gains on Monday. The global forecast for the Asian market is upbeat on generally upbeat earnings news. The...
French stocks traded lower on Monday and the euro was under pressure in the absence of high-tier data releases. ECB policymaker Gediminas Simkus said today that rates could get lower than the natural level between 2 percent and 3 percent, if a fall in inflation becomes entrenched. The benchmark CAC 40 dropped 16 points, or...
U.K. stocks were marginally higher on Monday as higher commodity prices boosted mining and energy stocks. The British pound weakened amid strength in the dollar, but remained above the $1.30 level. The benchmark FTSE 100 was marginally higher at 8,364 after declining 0.3 percent on Friday. Miners Anglo American, Antofagasta and Glencore were up between...
European stocks were little changed on Monday, even as higher commodity prices boosted mining and energy stocks. The euro was under pressure in the absence of high-tier data releases. ECB policymaker Gediminas Simkus said today that rates could get lower than the natural level between 2 percent and 3 percent, if a fall in inflation...
UK house prices increased at a below seasonal average pace in October due to the rise in buyer choice and increasing seller competition, property website Rightmove said Monday. House prices grew 0.3 percent month-on-month in October, which was much lower than the average seasonal 1.3 percent increase at this time of year. Prices had increased...
Indian shares ended slightly lower on Monday as investors reacted to mixed earnings results and weighed the possible impact of the U.S. presidential elections on the Indian stock market. Former President Trump on Sunday overtook Vice President Harris for the first time in the Decision Desk HQ/The Hill election forecast this cycle. The model predicts...
The U.S. Dollar extended gains against major currencies during the week ended October 18 amidst growing expectations of a Trump presidency, widely perceived as boosting the U.S. dollar. The greenback has gained amidst perception that Trumps tariff and tax policies would keep U.S. interest rates high. The greenback strengthened against the euro, the British pound,...