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...
Ahead of Fridays holiday for the Double Ninth Festival, the Hong Kong stock market had ended the two-day slide in which it had plummeted more than 2,400 points or 11 percent. The Hang Seng Index now sits just above the 21,250-point plateau and it may open to the upside again on Monday. The global forecast...
The Indonesia stock market on Friday snapped the two-day slide in which it had dropped almost 80 points or 1.1 percent. The Jakarta Composite Index now rests just above the 7,520-point plateau and it may extend its gains on Monday. The global forecast for the Asian markets is positive on optimism over the outlook for...