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Actualités Forex
Lower Open Predicted For Hong Kong Stock Market
The Hong Kong stock market rebounded on Wednesday, one session after ending the four-day winning streak in which it had soared more than 410 points or 1.9 percent. The Hang Seng Index now sits just beneath the 21,680-point plateau although it's expected to open in the red again on Thursday,
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Soft Start Anticipated For China Stock Market
The China stock market inched higher again on Wednesday, one session after ending the three-day winning streak in which it had gained more than 50 points or 1.6 percent along the way. The Shanghai Composite Index now rests just shy of the 3,225-point plateau and it's expected to see renewed selling pressure on Thursday.
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Singapore Stock Market May Hand Back Wednesday's Gains
The Singapore stock market bounced higher again on Wednesday, one day after snapping the two-day winning streak in which it had gathered more than a dozen points or 0.4 percent. The Straits Times Index now rests just beneath the 3,290-point plateau although it's likely to head south again on Thursday.
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Continued Consolidation Called For Malaysia Bourse
The Malaysia stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had added almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,500-point plateau and it may take further damage on Thursday.
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South Korea Shares Tipped To Extend Losing Streak
The South Korea stock market has finished lower in back-to-back sessions, sinking more than 30 points or 1.3 percent along the way. The KOSPI now rests just shy of the 2,370-point plateau and it may see continued consolidation on Thursday.
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Australia Unemployment Data Due On Thursday
Australia will on Thursday release December figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 3.4 percent, with the addition of 22,500 jobs following the increase of 64,000 jobs in November.
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TSX Snaps 8-day Winning Streak, Ends Modestly Lower
After opening higher and staying positive till a little before noon on Wednesday, the Canadian market slipped into negative territory, and despite briefly emerging higher around mid afternoon, dropped again and ended the session on a weak note.
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Dollar Loses Ground Against Some Major Counterparts
The U.S. dollar shed ground against its major rivals on Wednesday, as bond yields fell amid expectations the Federal Reserve will slow the pace of interest rate hikes.
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Fed's Beige Book Says U.S. Economic Activity Relatively Unchanged
Overall U.S. economic activity has been relatively unchanged since late November, according to the Federal Reserve's Beige Book. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said five Districts reported slight or modest increases in overall activity, six noted no change or slight declines, and one cited a significant decline.
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Swiss Market Ends Weak After Choppy Session
The Switzerland stock market ended modestly lower after a choppy session on Wednesday with investors largely staying reluctant to make significant moves.
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Major European Markets Close On Mixed Note
The major European markets ended on a mixed note on Wednesday, while most of the other markets in the region closed higher.
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Canadian Market Pares Early Gains, Roughly Flat At Noon
After opening modestly higher and moving further up subsequently, the Canadian market pared its gains Wednesday morning and is roughly flat at noon.
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U.S. Business Inventories Increase In Line With Estimates In November
Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Wednesday. The Commerce Department said business inventories rose by 0.4 percent in November following a revised 0.2 percent uptick in October.
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