Asian stocks are broadly higher on Friday with investors continuing to cheer the Federal Reserves half-a-percentage point interest rate cut on Wednesday, and digesting the policy moves of the Bank of Japan, the Chinese central bank. Australian stocks are higher, with the benchmark S&P/ASX 200 rising to fresh record high. The index rose to 8,246.20...
Canadian stocks slipped after a weak start Friday morning as the euphoria over a jumbo interest rate cut by the Federal Reserve subsided a bit. Industrials, energy and consumer discretionary stocks are among the major losers. Investors are digesting the data on Canadian retail sales and producer & raw materials prices. The benchmark S&P/TSX Composite...
The U.S. dollar advanced against its major counterparts in the New York session on Friday, amid higher treasury yields and a pullback in U.S. stocks. U.S. stocks fell amid profit taking, as traders cash in on some of the strong gains posted during Thursdays session. Treasury yields rose as recent strong economic data indicated continued...
European stocks closed weak on Friday as the euphoria over the Federal Reserves jumbo interest-rate cut faded a bit, and investors shifted their focus to the latest economic data and the developments on the geopolitical front. Automobile stocks declined sharply. Shares of luxury goods manufacturers also traded weak. The pan European Stoxx 600 dropped 1.42%....
The U.S. dollar gained some ground against its major counterparts on Friday, as bond yields moved higher, and stocks eased amid rising tensions in the Middle East. However, prospects of more reductions in interest rate in coming months limited the greenbacks upside. Meanwhile, Federal Reserve Governor Michelle Bowman said cutting interest rates by a half...
After an early setback, the Canadian market recovered gradually in cautious trade on Friday and eventually ended the days session with a slender gain. Investors digested the nations retail sales, and producer & raw materials prices reports, and largely made stock specific moves. The benchmark S&P/TSX Composite Index, which dropped to 23,740.37 in early trades,...
The Thai stock market on Wednesday ended the four-day winning streak in which it had gained more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,435-point plateau and its likely to open to the downside again on Thursday. The global forecast for the Asian markets is negative...
Extending the gains in the previous session, the Japanese market is sharply higher on Thursday, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 37,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks. The benchmark Nikkei 225 Index is up...
Indian shares look set to open on a positive note Thursday after the U.S. Federal Reserve decided to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. That said, investors remain concerned whether the Fed has waited too long to begin cutting rates and overshot...
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, as the markets react to the US Feds decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. Fed officials also suggested the central bank will...