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Singapore Stock Market May Add To Its Winnings On Thursday
The Singapore stock market on Wednesday ended the three-day slide in which it had dropped more than 35 points or 1.2 percent. The Straits Times Index now sits just beneath the 3,115-point plateau and it may extend its gains on Thursday.
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Australia Manufacturing Sector Weakens In November - Judo Bank
The manufacturing sector in Australia continued to contract in November, and at a faster rate, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 47.7.
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Renewed Support Anticipated For Malaysia Shares
The Malaysia stock market headed south again on Wednesday, one day after ending the three-day losing streak in which it had fallen almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,455-point plateau although it's likely to bounce higher again on Thursday.
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KOSPI Poised To Extend Winning Streak
The South Korea stock market has moved higher in three straight sessions, gathering more than 40 points or 1.7 percent along the way. The KOSPI now sits just above the 2,510-point plateau and it may add to its winnings again on Thursday.
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Indonesia Rate Decision On Tap For Thursday
The central bank in Indonesia will on Thursday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
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TSX Ends Flat After Somewhat Lackluster Session
The Canadian market ended flat on Wednesday after a mixed performance, with investors largely making cautious moves, tracking the trend in commodities markets and digesting the latest batch of U.S. economic data, and the Federal Reserve's minutes.
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Dollar Rises Against Major Counterparts
The U.S. dollar climbed higher against its major counterparts on Wednesday, as the minutes from the Federal Reserve showed the central bank officials feel restrictive monetary policy need to continue to bring inflation to the 2% target.
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Swiss Market Ends On Firm Note
The Switzerland market ended on a firm note on Wednesday, with stocks holding their gains thanks to sustained buying interest.
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UK Chancellor Hunt Announces Tax Cuts As Growth Outlook Downgraded
UK Chancellor of the Exchequer Jeremy Hunt unveiled tax cuts on Wednesday to boost a sluggish economy as growth forecasts for next two years were sharply cut. In the autumn statement, the chancellor announced that national insurance employees pay on their earnings will be cut from 12 percent to 10 percent from January and this is set to help 27 million working people.
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European Stocks Close Broadly Higher
European stocks closed broadly higher on Wednesday with investors digesting the Federal Reserve's minutes, and on slightly easing geopolitical tensions after Hamas and Israel reportedly agreed to a Qatar-mediated pause in fighting.
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Canadian Market Modestly Higher At Noon; Energy Stocks Fall
Canadian stocks are turning in a mixed performance on Wednesday with investors continuing to assess the likely policy moves by central banks, and reacting to the trend in commodities markets.
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Canadian Dollar Falls Against U.S., Australian Dollars
The Canadian dollar declined against the U.S. and Australian counterparts in the European session on Wednesday, as oil prices dropped after the Organization of Petroleum Exporting Countries postponed a meeting to decide on output cuts.
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U.S. Consumer Sentiment Deteriorates Less Than Previously Estimated In November
Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of November, according to revised data released by the University of Michigan on Wednesday. The University of Michigan said its consumer sentiment index for November was upwardly revised to 61.3 from a preliminary reading of 60.4.
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