U.K. stocks were marginally higher on Monday as higher commodity prices boosted mining and energy stocks. The British pound weakened amid strength in the dollar, but remained above the $1.30 level. The benchmark FTSE 100 was marginally higher at 8,364 after declining 0.3 percent on Friday. Miners Anglo American, Antofagasta and Glencore were up between...
European stocks were little changed on Monday, even as higher commodity prices boosted mining and energy stocks. The euro was under pressure in the absence of high-tier data releases. ECB policymaker Gediminas Simkus said today that rates could get lower than the natural level between 2 percent and 3 percent, if a fall in inflation...
UK house prices increased at a below seasonal average pace in October due to the rise in buyer choice and increasing seller competition, property website Rightmove said Monday. House prices grew 0.3 percent month-on-month in October, which was much lower than the average seasonal 1.3 percent increase at this time of year. Prices had increased...
Indian shares ended slightly lower on Monday as investors reacted to mixed earnings results and weighed the possible impact of the U.S. presidential elections on the Indian stock market. Former President Trump on Sunday overtook Vice President Harris for the first time in the Decision Desk HQ/The Hill election forecast this cycle. The model predicts...
The U.S. Dollar extended gains against major currencies during the week ended October 18 amidst growing expectations of a Trump presidency, widely perceived as boosting the U.S. dollar. The greenback has gained amidst perception that Trumps tariff and tax policies would keep U.S. interest rates high. The greenback strengthened against the euro, the British pound,...
The European Central Bank could cut interest rates further if inflation continues to slow and the economy remains sluggish, Governing Council member Gediminas Simkus said on Monday, but he refrained from predicting the December move. Citing the projection that the Eurozone inflation will hit 2 percent next year, Simkus, who is the Lithuanian central bank...
The Singapore stock market on Monday ended the two-day winning streak in which it had advanced almost 50 points or 1.4 percent. The Straits Times Index now sits just shy of the 3,615-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the...
The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and its looking at another soft start again on Tuesday. The global forecast for the...
The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...