Forex News

Hong Kong Shares May Find Traction On Tuesday

The Hong Kong stock market has finished lower in consecutive trading days, surrendering almost 460 points or 2.2 percent along the way. The Hang Seng Index now sits just above the 21,160-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
RTTNews | 824 days ago
China Bourse May Reclaim 3,300-Point Level

China Bourse May Reclaim 3,300-Point Level

The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day losing streak in which it had slipped almost 50 points or 0.8 percent. The Shanghai Composite Index now rests just above the 3,280-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion. The SCI finished modestly higher on Monday following gains from the resource stocks, weakness from the properties and a mixed picture from the financial sector. For the day, the index advanced 23.49 points or 0.72 percent to finish at 3,284.16 after trading between 3,252.63 and 3,285.09. The Shenzhen Composite Index climbed 25.82 points or 1.19 percent to end at 2,190.54. Among the actives, Industrial and Commercial Bank of China shed 0.46 percent, while Bank of China lost 0.62 percent, China Construction Bank fell 0.36 percent, China Merchants Bank fell 0.36 percent, Bank of Communications shed 0.41 percent, China Life Insurance climbed 1.08 percent, Jiangxi Copper advanced 1.01 percent, Aluminum Corp of China (Chalco) improved 0.95 percent, Yankuang Energy dropped 0.96 percent, PetroChina perked 0.19 percent, China Petroleum and Chemical (Sinopec) dipped 0.22 percent, Huaneng Power plunged3.94 percent, China Shenhua Energy sank 0.97 percent, Gemdale strengthened 1.03 percent, Poly Developments retreated 1.33 percent, China Vanke eased 0.06 percent, China Fortune Land declined 1.10 percent, Beijing Capital Development was down 0.37 percent and China Minsheng Bank was unchanged.
RTTNews | 824 days ago
Taiwan Stock Market Due For Support On Tuesday

Taiwan Stock Market Due For Support On Tuesday

The Taiwan stock market has finished lower in three straight sessions, slumping more than 70 points or 0.5 percent along the way. The Taiwan Stock Exchange now rests just beneath the 15,550-point plateau although it figures to stop the bleeding on Tuesday.
RTTNews | 824 days ago
Singapore Bourse Tipped To Reverse Monday's Losses

Singapore Bourse Tipped To Reverse Monday's Losses

The Singapore stock market headed south again on Monday, one session after ending the two-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Straits Times Index now rests just beneath the 3,325-point plateau although it figures to bounce higher again on Tuesday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
RTTNews | 824 days ago
Win Streak May Continue For Malaysia Stock Market

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has finished higher in back-to-back sessions, gathering more than 20 points or 1.4 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,475-point plateau and it's expected to extend its gains on Tuesday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
RTTNews | 824 days ago
South Korea Bourse Poised To Halt Losing Streak

South Korea Bourse Poised To Halt Losing Streak

The South Korea stock market has moved lower in three straight sessions, slipping more than 30 points or 1.3 percent along the way. The KOSPI now rests just above the 2,450-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion. The KOSPI finished modestly lower on Monday following losses from the technology stocks and mixed performances from the oil, financial and industrial groups For the day, the index sank 17.03 points or 0.69 percent to finish at 2,452.70 after trading between 2,441.29 and 2,462.58. Volume was 480.0 million shares worth 7.27 trillion won. There were 530 decliners and 340 gainers. Among the actives, Shinhan Financial lost 0.73 percent, while KB Financial sank 0.72 percent, Hana Financial collected 0.31 percent, Samsung Electronics perked 0.16 percent, Samsung SDI retreated 1.63 percent, LG Electronics plunged 3.07 percent, SK Hynix tanked 3.10 percent, Naver plunged 3.04 percent, LG Chem shed 0.45 percent, Lotte Chemical surged 3.73 percent, S-Oil advanced 1.16 percent, SK Innovation rallied 1.08 percent, POSCO strengthened 1.50 percent, SK Telecom improved 1.49 percent, KEPCO gathered 0.78 percent, Hyundai Mobis dipped 0.24 percent, Hyundai Motor skidded 1.04 percent and Kia Motors climbed 1.10 percent.
RTTNews | 824 days ago
Japan GDP Data Due On Tuesday

Japan GDP Data Due On Tuesday

Japan will on Tuesday release preliminary Q4 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to expand 0.5 percent on quarter and 2.0 percent on year after sinking 0.2 percent on quarter and 0.8 percent on year.
RTTNews | 824 days ago
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Swiss Stock Market Snaps Losing Streak

Swiss Stock Market Snaps Losing Streak

The Swiss stock market on Monday wrote a finish to the two-day slide in which it had given up more than 145 points or 1.3 percent.
RTTNews | 824 days ago
European Markets Close Higher On Monday

European Markets Close Higher On Monday

The major European markets opened higher on Monday and spent all day in the green, extending Friday's gains as investors assessed the outlook for inflation and economic growth.
RTTNews | 824 days ago
Currency Markets Pause Ahead Of U.S. CPI Data

Currency Markets Pause Ahead Of U.S. CPI Data

Currency markets witnessed moderate movements in the week spanning February 6-10 ahead of the crucial CPI data release from the U.S. on February 14.EUR/USD
RTTNews | 824 days ago
India Inflation Surges To 6.52%, Crosses RBI's Target Range

India Inflation Surges To 6.52%, Crosses RBI's Target Range

India's consumer price inflation accelerated for the first time in four months in January and cut across the Reserve Bank's target corridor amid rising prices for fuel and clothing among others, according to data released by the statistics ministry on Monday. The consumer price index climbed 6.52 percent year-over-year in January, faster than the 5.72 percent gain in December.
RTTNews | 824 days ago
Amended: Eurozone Set To Escape Recession; Inflation Outlook Downgraded

Amended: Eurozone Set To Escape Recession; Inflation Outlook Downgraded

Following the favorable development in energy prices and the diversification of supply sources, the euro area is set to avoid a recession and gradually pick up pace next year, as inflation likely peaked and has loosened its grip on economic activity, the European Commission said in its interim forecast, released Monday.
RTTNews | 824 days ago

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