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Forex News
Rebound Anticipated For Singapore Stock Market
The Singapore stock market headed south again on Monday, one session after ending the four-day losing streak in which it had slumped more than 60 points or 1.9 percent. The Straits Times Index now rests just above the 3,260-point plateau although hit figures to bounce higher again on Tuesday.
The global forecast for the Asian markets is positive, mostly on bargain hunting following heavy selling last week. The European and U.S. markets were up and the Asian bourses figure to follow suit.
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864 days ago
Malaysia Bourse Tipped To Open In The Green
The Malaysia stock market has finished lower in four straight sessions, slumping more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,455-point plateau, although it's due for support on Tuesday.
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864 days ago
Higher Open Called For South Korea Shares
The South Korea stock market has finished lower in two straight sessions, sinking more than 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,400-point plateau although it may find traction on Tuesday.
The global forecast for the Asian markets is positive, mostly on bargain hunting following heavy selling last week. The European and U.S. markets were up and the Asian bourses figure to follow suit.
The KOSPI finished modestly lower on Monday following losses from the technology, oil and chemical companies, while the financials and automobile producers were mixed.
For the day, the index dropped 20.97 points or 0.87 percent to finish at 2,402.64 after trading between 2,383.76 and 2,405.56. Volume was 350.2 million shares worth 6.52 trillion won. There were 659 decliners and 218 gainers.
Among the actives, Shinhan Financial shed 0.77 percent, while KB Financial dipped 0.20 percent, Hana Financial collected 0.44 percent, Samsung Electronics retreated 1.31 percent, LG Electronics lost 0.62 percent, SK Hynix slumped 1.10 percent, LG Chem tumbled 1.79 percent, Lotte Chemical declined 1.37 percent, S-Oil sank 0.97 percent, SK Innovation plunged 2.06 percent, POSCO dropped 0.93 percent, SK Telecom slid 0.33 percent, KEPCO skidded 1.09 percent, Hyundai Mobis tanked 2.28 percent, Hyundai Motor fell 0.35 percent, Kia Motors advanced 0.93 percent and Naver was unchanged.
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864 days ago
Japan Industrial Production Data Due On Tuesday
Japan will on Tuesday release preliminary January figures for industrial production, highlighting a modest day for Asia-Pacific economic activity. Output is expected to sink 2.6 percent on month after rising 0.3 percent in December.
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864 days ago
U.S. Dollar Gives Back Ground Following Recent Strength
After trending higher over the past several sessions, the value of the U.S. dollar has given back some ground during trading on Monday.
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864 days ago
Swiss Stock Market Extends Winning Streak
The Swiss stock market ticked higher on Monday, halting the two-day losing streak in which it had fallen almost 120 points or 1.1 percent.
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864 days ago
European Markets Rebound On Monday
The major European stock markets spent most of Monday's trading session in the green, staging a recovery from uncertainty and heavy selling last week.
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864 days ago
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U.S. Dollar Drops Amid Weak Durable Goods Orders Data
The U.S. dollar fell against its major counterparts in the European session on Monday, after a data showed that the nation's durable goods orders declined more than expected in January.
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864 days ago
U.S. Pending Home Sales Soar Much More Than Expected In January
The National Association of Realtors released a report on Monday showing pending home sales in the U.S. spiked by much more than expected in the month of January. NAR said its pending home sales index soared by 8.1 percent to 82.5 in January after jumping by 1.1 percent to a downwardly revised 76.3 in December.
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865 days ago
FOMC Minutes, PCE Data Drive Dollar Ahead
Currency market movements in the week spanning February 20-24 were determined to a great extent by anxiety ahead of the release of the minutes of the previous FOMC.
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865 days ago
BGC Partners Guides Q4 Revenues Above Estimates - Update
While reporting financial results for the fourth quarter on Monday, BGC Partners, Inc. (BGCP), a global brokerage and financial technology company, said it expects revenues for the first quarter in a range of $515 million to $565 million.
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865 days ago
U.S. Durable Goods Orders Plunge In January Amid Sharp Pullback In Aircraft Demand
New orders for U.S. manufactured durable goods pulled back sharply in the month of January, according to a report released by the Commerce Department on Monday. The report said durable goods orders plunged by 4.5 percent in January after surging by a downwardly revised 5.1 percent in December.
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865 days ago
TD Bank Reaches $1.205 Bln Settlement Related To Litigation Involving The Stanford Financial Group
TD Bank Group (TD, TD.TO) announced Monday that it has agreed to a settlement in principle relating to litigation involving the Stanford Financial Group.
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865 days ago
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