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Forex News
Rebound Expected For China Stock Market
The China stock market has moved lower in two of three trading days since the end of the five-day winning streak in which it had jumped more than 80 points or 2.8 percent. The Shanghai Composite Index now rests just beneath the 3,010-point plateau although it's likely to bounce higher again on Friday.
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671 days ago
Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has moved higher in back-to-back sessions, accelerating almost 400 points or 2.5 percent along the way. The Taiwan Stock Exchange now sits just beneath the 16,400-point plateau and it's expected to open in the green again on Friday.
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671 days ago
Singapore Market May Crack Resistance At 3,100 Points
The Singapore stock market has inched higher in four straight sessions, collecting more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,080-point plateau and it's expected to extend its gains again on Friday.
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671 days ago
Higher Open Anticipated For Malaysia Shares
The Malaysia stock market has alternated between positive and negative finishes through the last seven trading days since the end of the four-day losing streak in which it had fallen more than a dozen points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,440-point plateau and it's tipped to see additional support on Friday.
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671 days ago
South Korea Bourse Tipped To Extend Rally On Friday
The South Korea stock market has moved higher in two straight sessions, gathering more than 65 points or 2.8 percent along the way. The KOSPI now sits just above the 2,340-point plateau and it's looking at another solid lead again on Friday.
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671 days ago
Australia Retail Sales Data Due On Friday
Australia will on Friday release September figures for retail sales, highlighting a modest day for Asia-Pacific economic activity.
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671 days ago
TSX Climbs Nearly 3% On All-round Buying
The Canadian market recorded one of its best sessions in several months on Thursday as investors went a buying spree across the board, cheering a slew of upbeat earnings updates, and on optimism about the outlook for interest rates.
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671 days ago
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Dollar Loses Ground Against Major Rivals
The U.S. dollar lost ground against its major counterparts on Thursday as risk appetite increased on hopes the Federal Reserve is down with its rate hiking cycle.
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671 days ago
Swiss Market Ends On Bright Note
Despite data showing a drop in the nation's consumer confidence, the Switzerland stock market ended on a bright note on Thursday, tracking positive global markets amid rising optimism about the outlook for interest rates.
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672 days ago
European Stocks Close On Strong Note On Optimism About Outlook For Interest Rates
Optimism about the outlook for interest rates and some encouraging earnings updates drove stock prices up in European markets on Thursday. Investors also digested a slew of economic data from the region.
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672 days ago
U.S. Factory Orders Surge More Than Expected In September
Reflecting a surge in orders for durable goods, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured goods jumped by more than expected in the month of September. The Commerce Department said factory orders shot up by 2.8 percent after climbing by a downwardly revised 1.0 percent in August.
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672 days ago
U.S. Labor Productivity Surges In Q3, Labor Costs Unexpectedly Turn Lower
A report released by the Labor Department on Thursday showed U.S. labor productivity shot up by more than expected in the third quarter of 2023, while the report also showed an unexpected downturn in unit labor costs during the quarter.
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672 days ago
Pound Firms As BoE Maintains Status Quo On Rate
The pound advanced against its most major counterparts in the European session on Thursday, as the Bank of England left its benchmark interest rate unchanged for the second straight meeting and indicated that the rate will remain higher for an extended period.
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672 days ago
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