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Malaysia Stock Market May Take Further Damage On Friday
The Malaysia stock market has moved lower in three straight sessions, sinking almost 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,440-point plateau and it's expected to see continued consolidation again on Friday.
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vor 719 Tagen
Soft Start Anticipated For South Korea Stocks
The South Korea stock market has moved lower in back-to-back sessions, tumbling more than 60 points or 2.4 percent along the way. The KOSPI now rests just above the 2,600-point plateau and it's likely to open under pressure again on Friday.
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vor 719 Tagen
Singapore Retail Sales Data Due On Friday
Singapore will on Friday release June figures for retail sales, highlighting a light day for Asia-Pacific economic activity.
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vor 719 Tagen
TSX Ends Lower For 3rd Straight Day
The Canadian market ended weak on Thursday, weighed down by losses in technology and utilities sections.
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vor 719 Tagen
Dollar Loses Ground Against Major Counterparts Ahead Of Jobs Data
After staying positive during the Asian and European sessions, the U.S. dollar fell on Thursday as data showed a modest increase in U.S. jobless claims in the week ended July 29th.
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vor 719 Tagen
Swiss Market Ends Lower Again
The Switzerland stock market ended notably lower on Thursday after languishing in negative territory right through the day's session.
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vor 719 Tagen
European Stocks Close Lower As Growth Worries Weigh; BoE Raises Interest Rate
European stocks closed lower on Thursday, extending recent losses, with investors continuing to assess earnings updates and reacting to the interest rate hike by the Bank of England.
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vor 719 Tagen
more news
U.S. Labor Productivity Rebounds 3.7% In Q2, Much More Than Expected
Labor productivity in the U.S. rebounded by much more than expected in the second quarter of 2023, according to a report released by the Labor Department on Thursday. The report said labor productivity spiked by 3.7 percent in the second quarter after slumping by a revised 1.2 percent in the first quarter.
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vor 719 Tagen
Pound Drops After BOE Rate Hike
The pound declined against its major counterparts in the European session on Thursday, after the Bank of England lifted its key rate by a quarter point, as expected.
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vor 719 Tagen
U.S. Factory Orders Surge Slightly More Than Expected In June
A report released by the Commerce Department on Thursday showed a significant increase in new orders for U.S. manufactured goods in the month of June. The Commerce Department said factory orders spiked by 2.3 percent in June after climbing by an upwardly revised 0.4 percent in May.
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vor 719 Tagen
U.S. Services Index Indicates Modestly Slower Growth In July
The Institute for Supply Management released a report on Thursday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of July. The ISM said its services PMI slipped to 52.7 in July from 53.9 in June, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.0.
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vor 719 Tagen
Bank Of England Lifts Rate By 25 Bps
The Bank of England raised its benchmark interest rate by a quarter point on Thursday, after a half percentage point hike last time, citing persistence of high inflation. In a three-way split, the nine-member Monetary Policy Committee decided to lift the bank rate to 5.25 percent, the highest since early 2008. This was the fourteenth consecutive rate hike.
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vor 719 Tagen
U.S. Weekly Jobless Claims Inch Up In Line With Estimates
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended July 29th. The Labor Department said initial jobless claims crept up to 227,000, an increase of 6,000 from the previous week's unrevised level of 221,000. The uptick in jobless claims matched economist estimates.
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vor 719 Tagen
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