The China stock market has finished lower in consecutive trading days, slumping almost 110 points or 3.5 percent along the way. The Shanghai Composite now sits just above the 3,330-point plateau and it may take further damage on Monday. The global forecast for the Asian markets is soft on concerns over the outlook for interest...
The Hong Kong stock market has moved lower in six straight sessions, slumping more than 1,610 points or 7.6 percent along the way. The Hang Seng Index now sits just above the 19,425-point plateau and its got another negative lead for Mondays trade. The global forecast for the Asian markets is soft on concerns over...
The Indonesia stock market has finished lower in three straight sessions, shedding more than 160 points or 2.1 percent along the way. The Jakarta Composite Index now rests just above the 7,160-point plateau and it may extend its losses again on Monday. The global forecast for the Asian markets is soft on concerns over the...
The Thai stock market has moved lower in back-to-back sessions, surrendering almost 10 points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,440-point plateau and its expected to open under pressure again on Monday. The global forecast for the Asian markets is soft on concerns over the...
The U.S. dollar climbed to a new 52-week high on Thursday with the latest set of economic data reducing the prospects of aggressive rate cuts by the Federal Reserve. Hawkish comments from Fed Chair Jerome Powell contributed as well to the dollars rise. In economic news today, data from the Labor Department said initial jobless...
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Data from the Cabinet Office showed that the Japans gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of...
In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weak services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2...
Asian stocks turned in a mixed performance on Friday as Federal Reserve Chair Jerome Powells remarks poured cold water on rate cut optimism and mixed economic data highlighted Chinas uneven economic recovery. Gold hovered near $2,560 per ounce in Asian trade as the dollar consolidated weekly gains ahead of the release of U.S. retail sales...
The Canadian dollar weakened against other major currencies in the European session on Friday. The Canadian dollar fell to a 4-1/2-year low of 1.4070 against the U.S. dollar, from an early high of 1.4052. Against the euro and the yen, the loonie slid to 2-day lows of 1.4848 and 110.73 from early highs of 1.4804...
China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday. The slowdown in growth...