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Forex News
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Thursday, following the broadly negative cues from global markets overnight, on renewed concerns over the outlook for interest rates following the hawkish remarks by US Fed Chair Jerome Powell, who reiterated the Fed is likely to continue raising interest rates in an effort to contain stubbornly elevated inflation.
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693 days ago
Sensex, Nifty Seen Lower At Open On Powell's Hawkish Remarks
Indian shares may open on a weak note Thursday after Fed Chair Jerome Powell made it clear that inflationary pressures continue to run high, and the tightening has "a long way to go", raising fears of an imminent recession.
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693 days ago
Japanese Market Modestly Lower
The Japanese stock market is modestly lower in choppy trading on Thursday, giving up some of the gains in the previous two sessions, with the Nikkei 225 falling below the 33,500 level, following the broadly negative cues from global markets overnight, dragged by weakness in technology stocks which mirrored their peers on the tech-heavy Nasdaq.
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693 days ago
Australian Market Significantly Lower
The Australian stock market is significantly lower on Thursday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 7,300 level, following the broadly negative cues from global markets overnight, dragged by strong losses in mining and technology stocks.
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693 days ago
Losing Streak May Continue For Thai Stock Market
The Thai stock market has tracked lower in three straight sessions, slumping more than 35 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,520-point plateau and it's expected to open in the red again on Thursday.
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693 days ago
Soft Start Expected For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the three-day slide in which it had slumped more than 50 points or 0.8 percent. The Jakarta Composite Index now sits just above the 6,700-point plateau although it may see renewed selling pressure on Thursday.
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693 days ago
Renewed Consolidation Anticipated For Singapore Shares
The Singapore stock market on Wednesday snapped the two-day losing streak in which it had fallen almost 40 points or 1.2 percent. The Straits Times Index now sits just above the 3,220-point plateau although it's likely to head south again on Thursday.
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693 days ago
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Malaysia Stock Market May Spin Its Wheels On Thursday
The Malaysia stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.4 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,395-point plateau although it's likely to run out of steam on Thursday.
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693 days ago
New Zealand Has NZ$46 Million Trade Surplus In May
New Zealand posted a merchandise trade surplus of NZ$46 million in May, Statistics New Zealand said on Thursday.
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693 days ago
More Pain Predicted For South Korea Stock Market
The South Korea stock market has finished lower in three straight sessions, dropping more than 40 points or 1.7 percent along the way. The KOSPI now rests just above the 2,580-point plateau and it may take further damage again on Thursday.
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693 days ago
New Zealand Trade Data Due On Thursday
New Zealand will on Thursday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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693 days ago
TSX Ends Lower For 4th Straight Session
The Canadian market ended weak on Wednesday, weighed down by losses in technology, real estate, consumer staples and consumer discretionary sectors.
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693 days ago
Dollar Loses Ground Against Major Rivals Despite Powell's Hawkish Comments
The U.S. dollar shed ground against its major counterparts on Wednesday despite Federal Reserve Chair Jerome Powell, who testified before the House Financial Services Committee today, reiterating that the central bank will likely continue raising rates to contain inflation.
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693 days ago
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