Forex News
Singapore Stock Market Tipped To Remain Rangebound
The Singapore stock market has alternated between positive and negative finishes through the last four three trading days since the end of the seven-day losing streak in which it had slumped more than 135 points or 4.4 percent. The Straits Times Index now rests just beneath the 3,095-point plateau and it's looking at a flat lead for Thursday's trade.
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682 days ago
Malaysia Stock Market Has Flat Lead For Thursday's Trade
The Malaysia stock market turned lower again on Wednesday, one day after halting the two-day losing streak in which it had fallen more than 30 points or 2.1 percent. The Kuala Lumpur Composite Index now rests just above the 1,430-point plateau and it's expected to see little movement on Thursday.
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682 days ago
Australia Manufacturing PMI Inches Higher - S&P Global
The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8.
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682 days ago
Little Movement Predicted For South Korea Shares
The South Korea stock market headed south again on Wednesday, one session after snapping the two-day slide in which it had stumbled more than 60 points or 2.5 percent. The KOSPI now rests just above the 2,340-point plateau and it's expected to remain in that neighborhood again on Thursday.
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682 days ago
Australia Manufacturing PMI Data Due On Thursday
Australia will on Thursday see June results for the manufacturing, services and composite PMIs from S&P Global, highlighting a busy day for Asia-Pacific economic activity. In May, their scores were 55.7, 53.2 and 52.9, respectively.
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682 days ago
Dollar Slips Against Major Rivals
The U.S. dollar traded weak against its major counterparts on Wednesday amid a drop in bond yields as treasuries rose on fears that the Fed's commitment to tackle price pressures by hiking rates sharply is likely to cause a recession.
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682 days ago
TSX Ends Sharply Lower On Inflation Worries
The Canadian market ended sharply lower on Wednesday, weighed down by sharp losses in energy and materials sections.
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682 days ago
more news
South Korea Producer Prices Rise 0.5% In May
Producer prices in South Korea were up 0.5 percent on month in May, the Bank of Korea said on Thursday - slowing from 1.6 percent in April.
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682 days ago
TSX Recovers From Day's Lows, But Still Looks Set To End On Weak Note
The Canadian market, which slipped deeper into the red after opening with a big negative gap, has regained a significant portion of lost ground Wednesday afternoon, but still remains firmly down in negative territory.
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682 days ago
Swiss Market Ends Modestly Higher
The Switzerland market closed modestly higher on Wednesday, recovering gradually from early lows and moving into positive territory in the final hour thanks to some strong buying at select counters.
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682 days ago
U.S. Dollar Falls As Treasury Yields Decline On Recession Worries
The U.S. dollar dropped against its major rivals in the New York session on Wednesday, amid a sell-off in treasury yields on concerns that the Federal Reserve's aggressive monetary tightening to tame inflation could push the economy into recession.
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682 days ago
European Stocks Close Notably Lower On Inflation Worries, Rate Hikes Jitters
Despite staging a fairly good recovery in late afternoon trades, European stocks closed notably lower on Wednesday amid rising worries about inflation and tighter policies from central banks.
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682 days ago
Powell: Fed 'Strongly Committed' To Bringing Inflation Back Down To 2%
On the heels of last week's significant interest rate increase, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee on Wednesday to deliver his semiannual monetary policy testimony. Powell began his prepared remarks by highlighting the Fed's strong commitment to bringing inflation back down to the central bank's longer-run goal of 2 percent.
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683 days ago
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