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Forex Nyheter
Australia Construction Work Climbs 1.6% In Q3
The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion.
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Renewed Support Anticipated For Taiwan Stock Market
The Taiwan stock market on Tuesday snapped the two-day winning streak in which it had jumped almost 400 points or 1.8 percent. The Taiwan Stock Exchange now rests just beneath the 22,680-point plateau although it's expected to bounce higher again on Wednesday.
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Singapore Shares: Support Expected At 3,700 Points
The Singapore stock market has moved lower in back-to-back sessions, dropping almost 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,710-point plateau although it's expected to stop the bleeding on Wednesday.
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Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in three straight sessions, collecting almost 16 points or 1.1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Wednesday.
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Rebound Tipped For South Korea Stock Market
The South Korea stock market on Tuesday ended the two-day winning streak in which it had advanced more than 50 points or 2 percent. The KOSPI now sits just above the 2,520-point plateau although it's expected to see renewed support on Wednesday.
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New Zealand Interest Rate Decision Due On Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity.
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TSX Edges Down Marginally
The Canadian market ended down on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump threatened that he will impose 25% tariffs on imports from Canada, Mexico and China.
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Dollar Rises After Trump Tariff Threats, But Pares Gains Against Some Major Counterparts
After a mild setback during the fag end of the European session, the U.S. dollar edged higher in the New York session on Tuesday with investors assessing the impact of President-elect Donald Trump's pledge to impose tariffs on all imports from Mexico, Canada and China.
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Fed Officials Favor Gradual Interest Rate Cuts, Minutes Show
Federal Reserve officials believe it will be appropriate to "gradually" lower interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes said officials feel a gradual approach to lowering rates to a more neutral stance will be appropriate if economic data come in "about as expected."
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Japanese Yen Advances Amid Concerns About Trump's Tariff Threats
The Japanese yen strengthened against other major currencies in the New York session on Tuesday, as U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war.
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Swiss Market Ends On Weak Note
After early weakness, the Switzerland market briefly moved above the flat line around mid afternoon on Tuesday, but retreated soon and finally ended the day's session with a moderate loss.
The mood was a bit bearish after U.S. President-elect Donald Trump stated on social media that he would impose tariffs on all imports from Mexico, Canada and Chin
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European Stocks Close Lower As Trade War Fears Resurface
European stocks closed weak on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China immediately after taking office in January 2025.
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U.S. Consumer Confidence Continues To Improve In November
After reporting a significant rebound by U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence continued to improve in November. The Conference Board said its consumer confidence index rose to 111.7 in November after surging to an upwardly revised 109.6 in October.
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