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Singapore Stock Market Tipped To Extend Losing Streak
The Singapore stock market has tracked lower in consecutive trading days, although it has given up just 7 points or 0.2 percent in that span. The Straits Times Index now rests just above the 3,145-point plateau and it may take further damage on Monday.
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KOSPI May Give Up Support At 2,200 Points
The South Korea stock market on Friday snapped the three-day winning streak in which it had collected more than 80 points or 3.7 percent. The KOSPI sits just above the 2,230-point plateau and the losses figure to accelerate on Monday.
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Australia Services Index Due On Monday
Australia will on Monday see September results for the Performance of Services Index from the Australian Industry Group, highlighting an extremely light day for Asia-Pacific economic activity. In August, the index score was 53.3.
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Dollar Rises After Strong Jobs Data
The U.S. dollar climbed higher on Friday after data from the Labor Department showed stronger than expected job growth in the U.S. in September, raising hopes the Federal Reserve will continue to raise rates aggressively in the coming months.
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TSX Ends Sharply Lower On Interest Rate Worries
The Canadian market ended sharply lower on Friday as fairly strong jobs data from the U.S. and Canada fueled concerns about aggressive interest rate hikes by the central banks of the two countries in the coming months.
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Swiss Market Ends Notably Lower
The Switzerland stock market opened on a weak note, and despite emerging into positive territory by late morning, fell into the red around mid afternoon and finally closed notably lower.
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European Stocks Close Notably Lower On Rate Hikes Jitters
European stocks closed notably lower on Friday after data from U.S. Labor Department showing a stronger than expected growth in U.S. non-farm payroll in the month of September raised concerns the Fed will continue with its aggressive interest rate hikes in the coming months.
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Canadian Shares Down Sharply As Jobs Data Fuels Rate Hike Concerns
Canadian stocks are down sharply in negative territory on Friday with stronger than expected jobs data from Canada and the U.S. raising concerns about more aggressive monetary tightening by the central banks this year.
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Dollar Advances As Strong U.S. Jobs Data Boosts Fed Tightening Hopes
The U.S. dollar firmed against its key counterparts in the European session on Friday, as the nation's job growth exceeded expectations in September, intensifying hopes that the Federal Reserve will continue to raise rates aggressively in the coming months.
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U.S. Wholesale Inventories Jump More Than Expected In August
A report released by the Commerce Department on Friday showed U.S. wholesale inventories surged by more than expected in the month of August. The Commerce Department said wholesales inventories shot up by 1.3 percent in August after rising by 0.6 percent in July. Economists had expected inventories to jump by 1.1 percent.
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U.S. Job Growth Slows But Slightly Exceeds Estimates In September
The Labor Department released its closely watched monthly jobs report on Friday, showing U.S. job growth slowed in the month of September but still came in slightly stronger than economists had anticipated.
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PharmaCyte Names Joshua Silverman Interim CEO As CEO Kenneth Waggoner Steps Down
Biotechnology company PharmaCyte Biotech, Inc. (PMCB) announced Friday that its CEO Kenneth Waggoner has stepped down from the position as CEO, effective October 6, 2022. The Board has since appointed Joshua Silverman, a member of the Board, as interim CEO.
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Ambac Assurance Reaches $1.84 Bln Settlement On All Its Claims Against Bank Of America
Ambac Financial Group (AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corp or AAC, announced Friday that AAC entered into an agreement to settle all of its claims against Bank of America (BAC) and related entities for $1.84 billion.
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