Indian shares tumbled on Wednesday amid much uncertainty over how U.S.-President-elect Trumps tariff proposals and Feds restrictive monetary policy will impact markets. Traders also awaited the highly anticipated Labour Departments report on U.S. consumer price inflation for October later in the day for additional clues regarding another interest-rate cut at the U.S. central banks December...
Shares of Siemens Energy AG were climbing around 16 percent in the morning trading on Germanys XETRA after the company Wednesday issued fiscal 2025 outlook for sales growth, and upgraded mid-term targets. For the fourth quarter, the energy major reported narrower loss on revenue strength, despite weakness in wind division Siemens Gamesa. Orders also climbed...
The South Korea stock market has finished lower in four straight sessions, slumping almost 250 points or 5.8 percent along the way. The KOSPI now sits just beneath the 2,420-point plateau although its due for support on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest rates. The...
The Canadian market posted a new record closing high on Wednesday thanks to strong buying in the technology sector. Energy stocks found some support, while materials shares drifted lower. Expectations of more interest rate cuts by the Federal Reserve helped underpin sentiment. Data from the Labor Department said the consumer price index crept up by...
The Malaysia stock market on Wednesday ended the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and its expected to remain in that neighborhood again on Thursday. The global forecast for the Asian markets is murky on...
The Singapore stock market bounced higher again on Wednesday, one day after ending the six-day winning streak in which it had surged almost 185 points or 5.1 percent. The Straits Times Index now sits just above the 3,720-point plateau and it may spin its wheels on Thursday. The global forecast for the Asian markets is...
The Taiwan stock market has moved lower in three straight sessions, tumbling almost 700 points or 3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,860-point plateau and it may see mild upside on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest...
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations. The Australian economy added 15,900 jobs, which missed forecasts for an increase of 25,200 jobs following the addition of 64,100 in...
The China stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,440-point plateau and it figures to see little movement on...
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had plunged almost 250 points or 3.3 percent. The Jakarta Composite Index now rests just above the 7,300-point plateau and its likely to remain rangebound again on Thursday....