Asian stocks turned in a mixed performance on Monday due to renewed concerns over Trumps potential tariffs and uncertainty over Feds policy. The dollar rose against the yen in Asian trading and oil eked out modest gains amid signs of escalating tensions between Russia and Ukraine. Gold rose nearly 1 percent after witnessing a sharp...
German stocks were modestly higher in cautious trade on Monday as investors awaited speeches from European Central Bank policymakers including chief Christine Lagarde later in the day for new hints about whether the central bank will cut interest rates again when it meets in December. Upcoming regional inflation data, euro zone November flash PMIs and...
French stocks struggled for direction on Monday as investors awaited speeches from ECB policymakers including chief Christine Lagarde later in the day for interest rate guidance. Lingering concerns over potential impacts from U.S. President-elect Donald Trumps global economic policies also served to keep underlying sentiment cautious. The benchmark CAC 40 was marginally lower at 7,269...
U.K. stocks were steady on Monday amid a quiet day on the economic front. The benchmark FTSE 100 was marginally higher at 8,071 after closing 0.1 percent lower on Friday. Melrose Industries, the owner of aerospace parts maker GKN Aerospace, jumped 9 percent after reporting a 7 percent rise in revenue for the four-month period...
European stocks struggled for direction on Monday as investors awaited speeches from ECB policymakers including chief Christine Lagarde later in the day for interest rate guidance. Lingering concerns over potential impacts from U.S. President-elect Donald Trumps global economic policies also served to keep underlying sentiment cautious. The pan European STOXX 600 was down 0.3 percent...
The Thai economy grew at the fastest pace in two years in the third quarter on strong investment, exports and government spending, data from the Office of the National Economic and Social Development Council showed Monday. Gross domestic product climbed 3.0 percent on a yearly basis after rising by revised 2.2 percent in the second...
Nvidia Corp.s new Blackwell AI chips are facing overheating issues that could delay new data centres, The Information reported citing customers, suppliers and employees working on the issue. In pre-market activity on the Nasdaq, the shares were losing around 2.5 percent to trade at $138.47. The news comes as the worlds most valuable company by...
The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserves monetary policy moves. The benchmark S&P/TSX Composite Index was up 95.46 points or 0.38% at...
The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise. Data showing an increase in U.S. homebuilder confidence in the month of November helped limit...
The Reserve Bank of Australia will on Tuesday release the minutes from its November 5 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA maintained its benchmark interest rate at a 13-year high of 4.35 percent for the eighth straight session, saying that underlying inflation remains too high....