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Malaysia Stock Market Expected To Be Rangebound On Wednesday
The Malaysia stock market on Tuesday snapped the two-day winning streak in which it had picked up just 2 points or 0.1 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,400-point plateau and it's likely to spin its wheels again on Wednesday.
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South Korea Stock Market May Be Stuck In Neutral On Wednesday
The South Korea stock market has moved higher in consecutive trading days, collecting more than 30 points or 1.2 percent along the way. The KOSPI now sits just above the 2,595-point plateau and it's likely to remain in that neighborhood again on Wednesday.
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TSX Sheds 1.1% As Stocks Fall On Growth Concerns
The Canadian market ended notably lower on Tuesday due to widespread selling amid concerns about economic slowdown.
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Japan Industrial Production Data Due On Wednesday
Japan will on Wednesday release April figures for industrial production, headlining a busy day for Asia-Pacific economic activity. Output is expected to rise 0.5 percent on month, easing from 1.1 percent in March.
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Dollar Retreats After Early Uptick, Posts Losses Against Some Major Rivals
After climbing higher and hitting multi-month highs against some of its major counterparts, the U.S. dollar retreated on Tuesday as traders weighed the prospects of the debt ceiling agreement getting the nod from the Congress.
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U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks ended mixed on Tuesday as the mood turned cautious around mid afternoon with investors awaiting the passage of the debt ceiling deal.
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Swiss Market Ends Sharply Lower
Swiss stocks declined sharply on Tuesday, in line with markets across Europe, as worries about growth and inflation outweighed optimism about U.S. debt ceiling deal.
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European Stocks Notably Lower As Investors Weigh U.S. Debt Ceiling Deal Prospects
European stocks closed notably lower on Tuesday as investors stayed cautious, awaiting the passage of the U.S. debt ceiling deal before June 5.
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Canadian Market Down Firmly In Negative Territory
Canadian stocks are down firmly in negative territory a little past noon on Tuesday, weighed down by sharp losses in energy and materials sections.
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Dollar Extends Gains Amidst Debt Drama
Despite all the noise surrounding the U.S. debt limit and the negotiations to avert a default, the Dollar extended gains during the week ended May 26.
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Spain Inflation Eases Unexpectedly To Lowest In 22 Months
Spain's consumer price inflation eased unexpectedly in May to the lowest level in nearly two years, mainly due to a fall in fuel prices, flash estimates from the statistical office INE showed Tuesday. The consumer price index, or CPI, climbed at a slower pace of 3.2 percent year-over-year in May after a 4.1 percent increase in April.
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U.S. Dollar Trades Lower Against Majors
The U.S. dollar was lower against its major counterparts in the European session on Tuesday.
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U.S. Consumer Confidence Edges Modestly Lower In May
Consumer confidence in the U.S. saw a modest decrease from an upwardly revised level in the month of May, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index edged down to 102.3 in May from an upwardly revised 103.7 in April.
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