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Malaysia Shares May Head South Again On Tuesday
The Malaysia stock market on Monday ended the three-day losing streak in which it had slipped just 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to see renewed consolidation on Tuesday.
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South Korea Bourse May Open Under Pressure On Tuesday
The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped almost 70 points or 2.6 percent. The KOSPI now sits just above the 2,725-point plateau and it's looking at another soft start again on Tuesday.
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New Zealand Electronic Retail Sales Data Due On Tuesday
New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In March, sales were down 0.7 percent on month and 3.0 percent on year.
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South Korea Export Prices Jump 6.2% On Year In April
Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.
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TSX Ends Marginally Down
The Canadian market ended marginally down on Monday, weighed down by losses in materials and technology stocks. The mood was quite cautious with investors awaiting key U.S. inflation data and Fed Chair Jerome Powell's speech for more clarity on the central bank's interest rate trajectory.
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Dollar Drops, But Recovers Some Ground As Market Awaits Inflation Data, Powell Speech
The U.S. dollar drifted lower on Monday, weighed down by lower bond yields, as traders looked ahead to crucial inflation data, and awaited Fed Chair Jerome Powell's speech on Wednesday.
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Pound Advances As Investors Await US Inflation Data
The pound was higher against its major counterparts in the New York session on Monday, as investors awaited key economic data due later this week for more clues on the Fed's interest rate cut trajectory for this year.
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Swiss Market Ends Marginally Up After Lackluster Session
Swiss stocks ended slightly up on Monday after a lackluster session as investors refrained from making significant moves amid a lack of triggers.
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European Stocks Fail To Hold Early Gains, Close Broadly Lower
European stocks failed to hold early gains and closed lower on Monday as investors largely stayed cautious ahead of key U.S. inflation data, and other economic reports from the U.S. and Europe.
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Rate Cut Outlook Drove Dollar's Moves Last Week
Monetary policy expectations from the Federal Reserve predominantly drove the Dollar's movements during the week spanning May 6 to May 10.
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TELUS To Invest $17 Bln To Enhance Network In British Columbia Over Next Five Years
Telecom company TELUS Corp. (TU) announced Monday it will invest $17 billion to significantly expand and improve its network infrastructure and operations across British Columbia over the next five years.
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Cummins And Isuzu Motors Launch New 6.7-Liter Engine For Japan, Southeast Asia And Other Markets
Cummins Inc. (CMI) and truck manufacturer Isuzu Motors Ltd. announced Monday the launch of a new 6.7-liter engine jointly developed by the two companies, designed for use in Isuzu's new medium-duty truck lineup.
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Axalta Coating To Acquire CoverFlexx Group For $285 Mln Plus Potential $10 Mln Earnout
Coatings company Axalta Coating Systems (AXTA) announced Monday that it has entered into a definitive agreement to acquire The CoverFlexx Group from Transtar Holding Co. for initial cash consideration of $285 million, plus an additional $10 million earnout based on the business' 2024 performance.
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