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Singapore Bourse May Extend Wednesday's Losses
The Singapore stock market on Wednesday halted the three-day winning streak in which it had gathered almost 45 points or 1.4 percent. The Straits Times Index now rests just beneath the 3,130-point plateau and the losses may accelerate on Thursday.
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vor 1124 Tagen
Malaysia Stock Market May Test Support At 1,400 Points
The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had gathered more than 7 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,410-point plateau and it may extend its losses on Thursday.
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vor 1124 Tagen
Renewed Consolidation Anticipated For South Korea Shares
The South Korea stock market on Wednesday snapped the two-day slide in which it had fallen more than 30 points or 1.3 percent. The KOSPI now rests just beneath the 2,330-point plateau although it figures to head south again on Thursday.
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vor 1124 Tagen
Australia Unemployment Data Due On Thursday
Australia will on Thursday release June figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick down to 3.8 percent from 3.9 percent in May, with the addition of 30,000 jobs after gaining 60,600 in the previous month. The participation rate is called steady at 66.7 percent.
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vor 1125 Tagen
TSX Ends Weak Despite Recovering From Early Setback
Despite staging a strong recovery after a sharp setback earlier in the day, the Canadian market stayed in negative territory and ended modestly lower on Wednesday.
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vor 1125 Tagen
Dollar Retreats After Hitting 20-year High
The U.S. dollar moved higher Wednesday morning after data from the Labor Department showed consumer inflation accelerated at a faster than expected pace in the month of June, raising hopes that the Federal Reserve will announce a sharp hike in interest rate later this month.
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vor 1125 Tagen
Fed's Beige Book Notes Modest Economic Growth, Substantial Inflation
With the Federal Reserve's next monetary policy decision looming toward the end of the month, the central bank released its latest Beige Book on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, noted U.S. economic activity has expanded at a modest pace since mid-May.
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vor 1125 Tagen
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Swiss Market Ends Sharply Lower
The Switzerland stock market ended notably lower on Wednesday, in line with markets across Europe, after data showing a faster-than-expected acceleration in U.S. inflation raised concerns the Fed will continue to aggressive hike interest rates in the coming months.
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vor 1125 Tagen
European Stocks Close Lower As Hot U.S. Inflation Data Fuels Rate Hike Fears
European stocks closed lower on Wednesday, weighed down by concerns about more policy tightening by the Federal Reserve after data showed a faster than expected acceleration in U.S. inflation in the month of June.
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vor 1125 Tagen
Canadian Market Plunges After Sharp Rate Hike, But Recovers Well To Trim Losses
The Canadian market is down in negative territory a little past noon on Wednesday after the Bank of Canada raised rates by as much as 1%, and revised upward its inflation forecast.
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vor 1125 Tagen
U.S. Dollar Appreciates As Hot Inflation Data Reinforces Fed Rate Hike Bets
The U.S. dollar drifted higher against its major counterparts in the European session on Wednesday, as the nation's consumer inflation accelerated more than expected in June, cementing hopes for aggressive monetary policy tightening by the Federal Reserve.
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vor 1125 Tagen
Lego To Indefinitely Cease Operations In Russia
Lego Group has joined the long list of major global brands that have suspended or exited their commercial operations in Russia following the ongoing Russia-Ukraine conflict. The Danish toy maker has decided to indefinitely cease commercial operations in Russia and also laid off about 90 Moscow-based employees.
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vor 1125 Tagen
U.S. Consumer Price Growth Accelerates To New Four-Decade High In June
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June. The report showed the consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. Economists had expected consumer prices to leap by 1.1 percent.
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vor 1125 Tagen
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