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Forex News
Malaysia Stock Market May Extend Winning Streak
The Malaysia stock market has finished higher in four straight sessions, gathering more than 35 points or 2.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,490-point plateau and it's tipped to open in the green again on Thursday.
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878 days ago
Rebound Anticipated For South Korea Stock Market
The South Korea stock market headed south again on Wednesday, one day after ending the three-day slide in which it had stumbled more than 30 points or 1.3 percent. The KOSPI now rests just above the 2,425-point plateau although it's expected to bounce higher again on Thursday.
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878 days ago
Australia Unemployment Data Due On Thursday
Australia will on Thursday release January figures for unemployment, highlighting a busy for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 3.5 percent, with the addition of 20,000 jobs following the loss of 14,600 in December. The participation rate is called steady at 66.6 percent.
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878 days ago
U.S. Dollar Moves Higher Amid Ongoing Interest Rates Concerns
The value of the U.S. dollar has moved to the upside on Wednesday, with the greenback benefiting from its appeal as a safe haven amid ongoing concerns about the outlook for interest rates.
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878 days ago
U.S. Business Inventories Rise Slightly Less Than Expected In December
The Commerce Department released a report on Wednesday showing U.S. business inventories climbed by slightly less than expected in the month of December. The report said business inventories rose by 0.3 percent in December, matching a downwardly revised increase in November.
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878 days ago
U.S. Homebuilder Confidence Improves Much More Than Expected In February
A report released by the National Association of Home Builders on Wednesday showed a much bigger than expected improvement in U.S. homebuilder confidence in the month of February. The report said the NAHB/Wells Fargo Housing Market Index jumped to 42 in February from 35 in January. Economists had expected the index to inch up to 37.
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878 days ago
U.S. Industrial Production Unexpectedly Unchanged In January
With a nosedive by utilities output offsetting notable increases in mining and manufacturing output, the Federal Reserve released a report on Wednesday showing U.S. industrial production was unexpectedly unchanged in month of January.
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878 days ago
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New York Manufacturing Index Indicates Notably Slower Contraction In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February. The New York Fed said its general business conditions index soared to a negative 5.8 in February from a negative 32.9 in January, although a negative reading still indicates a contraction.
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878 days ago
U.S. Retail Sales Surge 3.0% In January, Much More Than Expected
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday. The report said retail sales spiked by 3.0 percent in January after tumbling by 1.1 percent in December. Economists had expected retail sales to jump by 1.8 percent.
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878 days ago
GoPro Board Authorizes Addl $40 Mln Buyback Of Its Class A Common Stock
GoPro, Inc. (GPRO) announced Wednesday that its board of directors has authorized the company to repurchase an additional $40 million of its Class A common stock.
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878 days ago
New York Manufacturing Index Rebounds More Than Expected In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February.
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878 days ago
Spain Inflation Rises To 5.9% Amid Higher Food Costs
Spain's consumer price inflation rose more than initially estimated in January, largely driven by increased food costs, final data from the statistical office INE revealed on Wednesday. The consumer price index climbed to 5.9 percent year-over-year in January, faster than the 5.7 percent gain in December. In the initial estimate, the rate of increase was 5.8 percent.
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879 days ago
U.S. Retail Sales Surge More Than Expected In January
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday.
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879 days ago
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