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Forex News
Australian Market Modestly Higher
The Australian stock market is modestly higher on Tuesday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying just a tad below the 7,000 mark, despite the broadly negative cues from global markets overnight, with strength in resources, energy and financial stocks as crude oil and gold prices rebounded.
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1043 days ago
Taiwan Stock Market May Take Further Damage On Tuesday
The Taiwan stock market on Monday wrote a finish to the two-day winning streak in which it had picked up more than 200 points or 1.2 percent. The Taiwan Stock Exchange now rests just above the 14,925-point plateau and it's expected to open under pressure again on Tuesday.
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1043 days ago
Singapore Bourse May Test Support At 3,200 Points
The Singapore stock market on Monday snapped the two-day winning streak in which it had picked up more than 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,220-point plateau and it may take further damage on Tuesday.
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1043 days ago
Malaysia Stock Market Expected To Remain Rangebound
The Malaysia stock market has moved higher in two of three trading days since the end of the six-day losing streak in which it had tumbled more than 50 points or 3.4 percent. The Kuala Lumpur Composite Index new rests just above the 1,500-point plateau although it figures to head south again on Tuesday.
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1043 days ago
Soft Start Anticipated For South Korea Stock Market
The South Korea stock market on Monday halted the three-day winning streak in which it had collected more than 45 points or 1.9 percent. The KOSPI now rests just above the 2,425-point plateau and it's in line for continued selling pressure on Tuesday.
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1043 days ago
Japan Jobless Data On Tap For Tuesday
Japan will on Tuesday release July figures for unemployment, highlighting a light day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 2.6 percent, and the jobs-to-applicant ratio is also called unchanged at 1.27.
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1043 days ago
Outlook For Interest Rates Weighs On European Markets
The major European stock markets were down again on Monday, extending losses from the previous session as traders continue to be nervous about the outlook for interest rates, both a home and across the pond.
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1043 days ago
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Euro Advances On Hopes Of Large ECB Rate Hike
The euro was higher against its major counterparts in the European session on Monday, as hawkish comments from policymakers of the European Central Bank raised expectations for a 75 basis-point rate hike in September.
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1044 days ago
Boeing Confirms Receipt Of Order For Eight More 767 Freighters From UPS
Aircraft maker Boeing Co. (BA) announced Monday an order from package delivery company United Parcel Service, Inc. (UPS) for eight more 767 Freighters. The incremental order will increase UPS's 767 Freighter fleet to 108 airplanes, enabling the global carrier to further modernize and sustainably grow its fleet.
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1044 days ago
Indian Rupee Off 1-1/2-month Low Against U.S. Dollar
The Indian rupee recovered against the U.S. dollar in evening deals on Monday as the Reserve Bank of India intervened in the forex market to defend the currency.
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1044 days ago
MetLife Investment Management To Buy Affirmative Investment Management For Undisclosed Terms
MetLife Investment Management or MIM, the institutional asset management business of MetLife, Inc. (MET), announced Monday that it has entered into a definitive agreement to acquire Affirmative Investment Management or AIM, a specialist global ESG impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement.
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1044 days ago
Silicon Labs' Board Authorizes Additional $200 Mln Share Repurchase
Silicon Laboratories Inc. (SLAB) announced Monday that its board of directors has increased the authorization for the repurchase of the company's common stock by $200 million to a total of $450 million.
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1044 days ago
Indian Shares Slump On US Rate-hike Worries; IT Stocks Worst Hit
Indian shares followed global peers lower on Monday and the rupee hit a record low against the dollar, as Fed Chair Jerome Powell's hawkish remarks in Jackson Hole, Wyoming on Friday weighed on investors' appetite for riskier assets.
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1044 days ago
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