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Forex News
South Korea Bourse Overdue For Profit Taking
The South Korea stock market has moved higher in seven straight sessions, collecting more than 90 points or 3.6 percent along the way. The KOSPI now rests just above the 2,565-point plateau and the rally may stall on Wednesday.
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779 days ago
New Zealand Rate Decision On Tap For Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity.
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779 days ago
TSX Ends Notably Lower; Technology, Materials Shares Post Sharp Losses
The Canadian market ended notably lower on Tuesday, weighed down by losses in technology, industrials, materials and consumer sectors.
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779 days ago
South Korea May Business Sentiment Index 70.0 - BoK
The Bank of Korea's Business Survey Index (BSI) on business conditions in the manufacturing sector for May came in with a seasonally adjusted score of 70.0 - missing forecasts for 72.0 and up from the downwardly revised 67.0 in April (originally 68.0).
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779 days ago
Dollar Gains Against Major Counterparts
The U.S. dollar climbed higher against most of its major rivals on Tuesday amid concerns over a standoff in debt ceiling talks between the White House and House Republicans, and on speculation interest rates will remain higher for longer than earlier thought.
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779 days ago
Stocks Close Notably Lower As Debt Ceiling Talks Make No Significant Progress
U.S. stocks ended notably lower on Tuesday after staying weak right through the day's session due to sustained selling at several counters.
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779 days ago
Swiss Market Ends Moderately Lower
The Switzerland stock market ended on a weak note on Tuesday, in line with the major markets in Europe, as worries about growth and U.S. debt ceiling negotiations weighed on sentiment.
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779 days ago
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Major European Markets Close Lower On Growth Worries
European stocks closed lower on Tuesday weighed down by concerns about growth after data showed a contraction in eurozone manufacturing activity, and U.S. debt ceiling worries and signs of increasing Sino-U.S. tensions.
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779 days ago
Canadian Market Remains Weak; Materials, Industrials Shares Drifting Lower
The Canadian market, where trading resumed after a long weekend, remains in negative territory after a weak start Tuesday morning, tracking weak bullion prices and European stocks.
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779 days ago
U.S. New Home Sales Unexpectedly Jump To One-Year High In April
New home sales in the U.S. unexpectedly spiked to their highest level in a year in the month of April, the Commerce Department revealed in a report released on Tuesday. The report said new home sales jumped by 4.1 percent to an annual rate of 683,000 in April after surging by 4.0 percent to a revised rate of 656,000 in March.
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779 days ago
Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits
Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.
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779 days ago
Pound Slides Amid Weak PMI Data
The pound dropped against its major counterparts in the European session on Tuesday, following the release of weaker-than-expected private sector activity for May.
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779 days ago
Williams-Sonoma Q1 Adj. EPS Tops Estimates
Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Tuesday first-quarter net earnings of $156.53 million or $2.35 per share, down from $254.11 million or $3.50 per share in the prior-year quarter.
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779 days ago
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