The Thai stock market bounced higher again on Wednesday, one day after ending the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,485-point plateau and its expected to open to the upside again on Thursday. The global forecast for...
Indian shares look set to open on a tepid note Tuesday after government data showed retail inflation in the country rose to a nine-month high of 5.49 percent in September, due to higher food prices. That marks a significant increase from 3.65 percent in August. Meanwhile, Reliance Industries reported a decline in profits for the...
Indian shares were modestly higher on Tuesday after major U.S. indexes rallied to new records overnight on relief that interest rates are finally heading back down and that the economy is on a solid footing. The benchmark S&P/BSE Sensex was up 222 points, or 0.3 percent, at 82,195 in early trade while the broader NSE...
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday. The Canadian dollar fell to nearly a 2-1/2-month low of 1.3807 against the U.S. dollar, from yesterdays closing value of 1.3795. Against the yen, the euro and the Australian dollar, the loonie dropped to 108.31, 1.5057 and 0.9288 from Mondays closing...
The British pound strengthened against most major currencies in the European session on Tuesday, after data showed that the nations unemployment rate fell slightly in three months to August, while it was forecast to remain unchanged. Data from the Office for National Statistics showed that the U.K. unemployment rate fell slightly to 4.0 percent in...
Indian shares ended Tuesdays session modestly lower after data showed Indias CPI inflation rose to a nine-month high of 5.49 percent in September versus forecast of 5 percent and 3.65 percent in August on the back of rising food prices. A stronger dollar and higher U.S. Treasury yields also weighed on markets after Fed Governor...
German economic confidence strengthened for the first time four months in October as financial market experts expect more interest rate cuts amid slowing inflation, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment rose notably to 13.1 from 3.6 in September. The score was above the expected level of...
Eurozone industrial production recovered in August largely due to the rebound in capital goods and durable consumer goods output, data from Eurostat showed on Tuesday. Industrial output posted a monthly growth of 1.8 percent in August, reversing Julys 0.5 percent decline. The growth came in line with expectations. Despite the strongest rise in industrial output...
The Japanese yen strengthened against other major currencies in the European session on Tuesday, following Bank of Japan Governor Kazuo Uedas dovish remarks and incoming Prime Minister Shigeru Ishibas unexpected resistance to additional rate increases. Optimism about the U.S. economic outlook, rising bets that the Bank of Japan will forgo raising interest rates again this...
The value of core machine orders in Japan was down a seasonally adjusted 1.9 percent on month in August, the Cabinet Office said on Wednesday - coming in at 858.1 billion yen. That missed forecasts for a decline of 0.1 percent, which would have been the same as the July reading. On a yearly basis,...