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Pound Advances Amid Strong U.K. Economic Data
The pound climbed against its most major counterparts on Friday, as the U.K. economy contracted less than expected in the second quarter.
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vor 1113 Tagen
UK GDP Falls Slightly In Q2
The UK economy logged only a marginal contraction in the second quarter despite the challenges posed by the rising interest rates and high inflation that is squeezing real income. Gross domestic product shrank 0.1 percent from the first quarter, when output had advanced 0.8 percent, the Office for National Statistics said Friday.
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vor 1113 Tagen
Malaysia Economy Grows Most In A Year
Malaysia's economy grew at the fastest pace in a year in the second quarter as household spending strengthened on the labor market recovery, official data showed on Friday. The economic growth accelerated to 8.9 percent in the second quarter from 5.0 percent in the first quarter, the Bank Negara Malaysia reported.
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vor 1113 Tagen
European Shares Seen Mixed At Open
European stocks are seen opening narrowly mixed on Friday, as Treasury yields jumped amid uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation.
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vor 1113 Tagen
Sensex, Nifty Edge Lower Ahead Of CPI Data
Indian shares were a tad lower on Friday, tracking mixed global cues and ahead of retail inflation data due out later in the day.
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vor 1113 Tagen
European Economics Preview: UK GDP Data Due
Quarterly national accounts, industrial production and foreign trade from the UK and final inflation data from France are due on Friday. At 1.30 am ET, the French statistical office Insee is scheduled to publish unemployment data for the second quarter. The jobless rate is seen at 7.3 percent.
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vor 1113 Tagen
Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders reacted to another US Labor Department report showing an unexpected decrease in producer prices in the month of July, raising hopes that inflation in the U.S. may have peaked, which could allow the Fed to slow the pace of interest rate increases.
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Sensex, Nifty Seen Opening Little Changed In Cautious Trade
Indian shares are seen opening little changed on Friday, with rising bond yields and climbing oil prices likely to weigh on sentiment ahead of a long holiday weekend.
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vor 1113 Tagen
Japanese Market Sharply Higher
The Japanese stock market is notably higher on Friday, recouping the losses in the previous two sessions, with the benchmark Nikkei 225 surging 650 points to be just below the 28,500 level, following the mixed cues from Wall Street overnight, as traders are reacting the tamer than expected US inflation data after the market holiday on Thursday.
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vor 1113 Tagen
Indonesia Stock Market Has Weak Lead For Friday's Trade
The Indonesia stock market bounced higher again on Thursday, one day after ending the seven-day winning streak in which it had advanced almost 150 points or 2.2 percent. The Jakarta Composite Index now sits just above the 7,160-point plateau although it's expected to move lower again on Friday.
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vor 1113 Tagen
Australian Market Modestly Lower
The Australian stock market is modestly lower on Friday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the mixed cues from Wall Street overnight, with weakness in technology stocks partially offset by small gains in financial stocks.
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vor 1113 Tagen
Lower Open Anticipated For Hong Kong Stock Market
The Hong Kong stock market pm Thursday ended the three-day losing streak in which it had stumbled almost 600 points or 3 percent. The Hang Seng now rests just above the 20,080-point plateau, although it's looking at a soft start on Friday.
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vor 1113 Tagen
China Stock Market Tipped To Open Under Pressure
The China stock market bounced higher again on Thursday, one day after ending the four-day winning streak in which it had gathered almost 85 points or 2.6 percent. The Shanghai Composite Index now rests just above the 3,280-point plateau although it's likely to open in the red on Friday.
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vor 1113 Tagen
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