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Asian Shares Mixed As Growth Worries Weigh
Asian stocks ended mixed on Thursday amid lingering uncertainties about the outlook for the global economy. Disappointing U.S. data released overnight and hawkish Fed comments added to the downbeat sentiment.
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861 days ago
Australia Jobless Rate Steady At 3.5%, Employment Unexpectedly Falls
Australia's unemployment rate remained unchanged in December, but employment logged an unexpected fall and hours worked contracted as consecutive interest rate hikes by the Reserve Bank started to hit the labor market. The unemployment rate held steady at a seasonally adjusted 3.5 percent in December, the Australian Bureau of Statistics said Thursday.
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861 days ago
Tech Layoffs Intensify As Microsoft To Fire Thousands Of Employees
Confirming media reports, tech major Microsoft Corp. in a regulatory filling announced its plans to cut overall workforce by about 10,000 employees by the end of the third fiscal quarter of 2023. The move is part of a series of actions in response to ongoing macroeconomic conditions. Towards this, the company will record $1.2 billion charges in the second quarter.
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861 days ago
European Economic News Preview: ECB Minutes Due
The minutes of the European Central Bank's monetary policy meeting is due on Thursday, headlining a light day for the European economic news. At 2.30 am ET, the Swiss Federal Statistical Office is slated to issue producer and import prices for December.
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861 days ago
European Shares Seen Lower As Recession Fears Swirl
European stocks may open on a tepid note Thursday as worries about economic growth and earnings returned to the fore.
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861 days ago
Japan Trade Gap Narrows In December
Japan's trade deficit narrowed to a five-month low in December but the whole year shortfall was the biggest on record, official data revealed Thursday. Exports increased 11.5 percent on a yearly basis in December, slower than the 20.0 percent rise in November, the Ministry of Finance reported. The annual growth was forecast to slow markedly to 10.1 percent.
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861 days ago
Sensex, Nifty Open Lower On Recession Worries
Indian shares opened lower on Thursday, as weak U.S. data rekindled recession worries and two Fed officials hinted that further rate hikes are warranted to keep inflation under control.
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861 days ago
more news
Asian Markets Weak, Tracking Wall Street
Asian stock markets are trading mostly weak on Thursday, following the broadly negative cues from Wall Street overnight, on renewed concerns over the outlook for interest rates and recession fear as disappointing US data showed a more than expected drop in retail sales and industrial production. Asian Markets closed mostly higher on Wednesday.
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861 days ago
Sensex, Nifty Set To Fall On US Recession Fears
Indian shares look set to open lower on Thursday after a slew of data showed the U.S. economy was rapidly losing momentum towards the end of last year.
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861 days ago
Thai Stock Market Expected To Remain Rangebound
The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the three-day winning streak in which it had picked up almost 30 points or 1.9 percent. The Stock Exchange of Thailand now rests just above the 1,685-point plateau and it's likely to head south again on Thursday.
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861 days ago
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Thursday, giving up some of the gains in the previous two sessions, with the Nikkei 225 floating just above the 26,500 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors, led by financial and technology stocks. Traders also digested domestic data that showed a trade deficit in December.
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861 days ago
More Profit Taking Expected For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the four-day winning streak in which it had gathered more than 175 points or 2.7 percent. The Jakarta Composite Index now rests just above the 6,765-point plateau and the losses may accelerate on Thursday.
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861 days ago
Australian Market Modestly Higher
The Australian stock market is modestly higher on Thursday, extending the slight gains in the previous session, with the benchmark S&P/ASX 200 moving above the 7,400 level to a nine-month high, despite the broadly negative cues from Wall Street overnight, with gains in miners partially offset by weakness in technology and energy stocks.
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861 days ago
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