French stocks struggled for direction in early trade on Friday as investors waited to see whether Beijing will deliver more fiscal stimulus at a press conference by the finance ministry on Saturday. The benchmark CAC 40 was marginally higher at 7,545 after closing 0.2 percent lower the previous day. China-linked luxury stocks such as Kering,...
U.K. stocks were little changed on Friday as official data showed the U.K. economy returned to growth in August, but the pace of expansion was weaker than in the first half of the year. The real economy grew 0.2 percent in August after showing nil growth in July and June, the Office for National Statistics...
European stocks struggled for direction on Friday as investors digested mixed regional data and looked ahead to a weekend press briefing from Chinas finance minister, where details on the countrys fiscal policy adjustments geared towards fostering economic revival will be revealed. Germanys consumer price inflation eased further as initially estimated in September to the lowest...
Billionaire investor Warren Buffetts Berkshire Hathaway Inc. has reduced its stake in Bank of America Corp. to below the key 10 percent regulatory threshold. With this, Berkshire is no longer required to report its related transactions frequently. In a filing with the U.S. Securities and Exchange Commission, Berkshire disclosed the sale of around 9.54 million...
Indian shares ended slightly lower on Friday as TCS Q2 earnings failed to impress markets. A nearly 4 percent surge in oil prices overnight due to heightened Middle East tensions and muted cues from global markets also weighed on sentiment, heading into the weekend. The benchmark 30-share BSE Sensex ended the session down 230.05 points,...
The British pound weakened against other major currencies in the European session on Friday, after the release of upbeat U.K. monthly factory data and an expected GDP growth in August. Data from the Office for National Statistics showed that the U.K. industrial output rebounded 0.5 percent, following a revised fall of 0.7 percent in the...
The Singapore stock market has moved lower in two straight sessions, slumping almost 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,575-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is positive on optimism over the outlook for...
Singapores gross domestic product expanded a seasonally adjusted 2.1 percent on quarter in the third quarter of 2024, Statistics Singapore said in Mondays advance estimate. That accelerated sharply from the 0.4 percent growth in the second quarter. On an annualized basis, GDP climbed 4.1 percent - up from 2.9 percent in the three months prior.
The Taiwan stock market has moved higher in back-to-back sessions, gathering almost 300 points or 1.3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and its expected to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism over the...
The China stock market has moved lower in two of three trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,220-point plateau although its got a firm lead for Mondays trade. The global forecast...