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Singapore Stock Market May Be Stuck In Neutral On Wednesday
The Singapore stock market on Tuesday snapped the two-day winning streak in which it had gathered more than a dozen points or 0.4 percent. The Straits Times Index now rests just above the 3,280-point plateau and it's expected to remain in that neighborhood again on Wednesday.
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Little Movement Seen For Malaysia Stock Market
The Malaysia stock market bounced higher again on Tuesday, one session after ending the three-day winning streak in which it had added almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,500-point plateau although it may be stuck in neutral on Wednesday.
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New Zealand Electronic Retail Card Sales Slip 2.5% In December
The total value of electronic card retail sales in New Zealand was down 2.5 percent on month in December, Statistics New Zealand said on Wednesday - after rising 0.3 percent in November.
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More Profit Taking Expected For South Korea Shares
The South Korea stock market on Tuesday halted the nine-day winning streak in which it had surged more than 180 points or 7.7 percent. The KOSPI now rests just shy of the 2,380-point plateau and it may see continued consolidation on Wednesday.
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Japan Rate Decision On Tap For Wednesday
The Bank of Japan will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at -0.10 percent.
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TSX Ends Higher For 8th Straight Day
The Canadian market ended on a positive note on Tuesday, gaining for an eighth successive session, amid hopes the central bank will be less aggressive with its policy stance after data showed Canadian inflation dropped in December.
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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a mixed performance against its major counterparts on Tuesday, with traders assessing the recent data from across the globe and speculating about the Bank of Japan's policy stance.
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Swiss Market Ends On Weak Note
After a weak start and a subsequent long spell in negative territory, the Switzerland stock market briefly emerged above the flat line in the final hour on Tuesday, but faltered again and ended the session on a weak note.
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European Stocks Recover In The Final Hour, Close Slightly Higher
Despite spending much of the day's session in negative territory, European stocks closed slightly higher on Tuesday thanks to brisk buying at several counters in the final hour.
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Canadian Market Up Marginally At Noon
The Canadian market is up marginally around noon on Tuesday with investors largely refraining from making significant moves despite data showing a drop in Canadian consumer price inflation in the month of December.
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New York Manufacturing Index Indicates Significant Contraction In January
New York manufacturing activity has seen a significant contraction in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions plunged to a negative 32.9 in January from a negative 11.2 in December, with a negative reading indicating a contraction.
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Abbott Says FDA Oks Navitor TAVI System To Treat Severe Aortic Stenosis
Abbott Laboratories (ABT) announced Tuesday that the U.S. Food and Drug Administration (FDA) has approved the company's latest-generation transcatheter aortic valve implantation (TAVI) system, Navitor, to treat people with severe aortic stenosis who are at high or extreme risk for open-heart surgery.
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U.S. CPI Readings Dominate Currency Market Movements
During the week January 9-13, the DXY depreciated from 103.91 to 102.20. The Dollar's bearish tilt provided a bullish prod to major currencies like the Euro, Pound, Yen etc.
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