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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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vor 1085 Tagen
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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vor 1085 Tagen
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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vor 1085 Tagen
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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vor 1085 Tagen
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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vor 1085 Tagen
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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vor 1086 Tagen
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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vor 1086 Tagen
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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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vor 1086 Tagen
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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vor 1086 Tagen
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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vor 1086 Tagen
Loonie Climbs After Canada Inflation Data
Canada inflation data for May has been released at 8:30 am ET Wednesday. After the data, the loonie rose against its major counterparts.
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vor 1086 Tagen
Loonie Mixed Ahead Of Canada Inflation Data
Canada inflation data for May will be released at 8:30 am ET Wednesday. Ahead of the data, the loonie traded mixed against its major counterparts. While it fell against the euro and the yen, it was steady against the greenback and the aussie.
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vor 1086 Tagen
Cheniere, Chevron Ink Long-Term LNG Sale And Purchase Agreements
Cheniere Energy, Inc. (LNG) announced Wednesday that two of its subsidiaries, Sabine Pass Liquefaction, LLC and Cheniere Marketing, LLC, have each entered into long-term liquefied natural gas or LNG, sale and purchase agreements or SPA, with Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron Corp. (CVX).
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vor 1086 Tagen
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