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Actualités Forex
Malaysia Stock Market May Check Resistance At 1,500 Points
The Malaysia stock market on Wednesday wrote a finish to the four-day losing streak in which it had stumbled almost 25 points or 1.6 percent. The Kuala Lumpur Composite Index new rests just above the 1,490-point plateau and it may add to its winnings on Thursday.
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Renewed Support Anticipated For South Korea Shares
The South Korea stock market headed south again on Wednesday, one session after snapping the three-day losing streak in which it had dropped almost 70 points or 2.9 percent. The KOSPI now rests just above the 2,375-point plateau although it's expected to bounce higher again on Thursday.
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Japan GDP Data Due On Thursday
Japan will on Thursday release final Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.7 percent on quarter and 2.9 percent on year following the flat quarterly reading and the 0.1 percent annualized gain.
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TSX Recovers After Weak Start, Ends On Firm Note
After a weak start, the Canadian market emerged higher Wednesday morning and stayed firm right till the end of the session to finish on a fairly strong note.
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Dollar Turns Weak Against Major Counterparts
The U.S. dollar rose to a fresh 20-year high in the European session on Wednesday, hitting a 24-year peak against the Japanese currency.
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Fed's Beige Book Says U.S. Economic Activity Unchanged, Prices Remain Elevated
Economic activity in the U.S. has been essentially unchanged since early July, according to the Federal Reserve's Beige Book released on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, noted five districts reported slight to modest growth in activity and five others reported slight to modest softening.
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Swiss Market Ends On Weak Note After Cautious Session
Save for a few minutes around mid-morning, the Switzerland stock market stayed weak on Wednesday as worries about slowing growth amid rising interest rates weighed on sentiment, prompting investors to stay cautious.
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Major European Markets Close Mixed
The major European markets closed on a mixed note on Wednesday with investors largely staying wary of picking up stocks amid rising fears of a recession after disappointing data from the euro area and China.
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Canadian Stocks Turning In Mixed Performance After BoC Rate Decision
Canadian stocks are turning in a mixed performance on Wednesday, with investors digesting the Bank of Canada's interest rate decision, and assessing the latest batch of economic data from across the globe and the likely impact the tighter monetary policy from central banks might have on global growth.
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FDA Warns Parents Against Giving Mother's Touch Formula To Infants
The U.S. Food and Drug Administration or FDA, has warned parents and caregivers of infants not to buy or give Mother's Touch Formula to the infants as it has determined that the product is not manufactured in compliance with its infant formula regulations. The FDA noted that this brand of infant formula is being marketed without pre-market notification to the FDA.
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Magnolia Provision Recalls Beef Jerky Products
Magnolia Provision Company, Inc. recalled about 497 pounds of ready-to-eat beef jerky products for possible contamination with Listeria Monocytogenes, a deadly bacteria, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.
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U.S. Trade Deficit Narrows Amid Steep Drop In Imports In July
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of July. The Commerce Department said the trade deficit shrank to $70.6 billion in July from a revised $80.9 billion in June.
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Korn Ferry Q1 Adj. EPS Miss Estimates; Guides Q2 In Line With View
Consulting firm Korn/Ferry International, Inc. (KFY) reported on Wednesday a profit for the first quarter that edged up from last year, driven a 17 percent increase in fee revenue, partially offset by higher operating expenses. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly revenues topped it. The company also provided guidance for the second quarter.
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