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Oil Set For Steep Weekly Loss As Hormuz Traffic Resumes
Oil prices were modestly lower on Friday and headed for a sharp weekly decline after tanker traffic resumed through the Strait of Hormuz.
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84 days ago
European Shares Edge Higher In Cautious Trade
European stocks were a tad higher on Friday, even as the abrupt cancellation of U.S.-Iran peace talks added to uncertainty over efforts to secure a lasting truce in the Middle East conflict.
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84 days ago
UK Retail Sales Recover In May
UK retail sales rebounded in May as promotions and the hot weather drove consumer spending data, from the Office for National Statistics showed Friday. Retail sales grew by more-than-expected 1.2 percent on a monthly basis in May, in contrast to April's 1.0 percent fall. Sales were forecast to climb 0.5 percent. Excluding auto fuel sales, retail sales moved up 1.2 percent.
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84 days ago
Asian Shares Mixed As US-Iran Truce Faces Uncertainty
Asian stocks ended mixed in thin trade on Friday, with markets in mainland China, Hong Kong and Taiwan closed for holidays.
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84 days ago
European Economic News Preview: UK Retail Sales, Public Sector Finance Data Due
Retail sales and public sector finances from the UK and monetary policy decision from Russia are due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector net borrowing figures.
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84 days ago
European Shares Seen Drifting Lower As US-Iran Peace Talks Face Uncertainty
European stocks look set to open on a sluggish note on Friday, with trading volumes likely to remain thin amid a holiday in the United States in observance of Juneteenth.
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84 days ago
Indian Shares Slump As IT Stocks Nosedive After Accenture's Weak Guidance
Indian shares were sharply lower in early trade on Friday, with IT stocks coming under heavy selling pressure after Accenture slashed its annual revenue growth forecast, raising concerns around the outlook for Indian IT companies.
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84 days ago
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Friday, adding the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness across most sectors led by mining and energy stocks. Technology stocks were the only bright spot.
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84 days ago
Asian Markets Trade Mostly Higher
Asian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, with China, Hong Kong and Taiwan closed for holidays, on optimism about the end of the Middle East war amid the inking of an interim peace agreement and the opening of the Strait of Hormuz. These were partially offset by concerns about a possible interest rate hike by the US Fed later this year.
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84 days ago
Indian Shares Seen Opening On Cautious Note; IT Stocks In Focus
Indian shares are seen opening on a cautious note on Friday, even as underlying sentiment may remain underpinned by easing geopolitical tensions and signs of improving foreign capital inflows.
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84 days ago
Japanese Market Significantly Higher
The Japanese market is trading significantly higher on Friday, extending the gains in the previous five sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 71,650 level, with gains in technology stocks partially offset by losses in exporters and financial stocks.
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84 days ago
Thai Stock Market May Halt Losing Streak On Friday
The Thai stock market has finished lower in four straight sessions, giving up almost 10 points or 0.6 percent in that span. The Stock Exchange of Thailand now sits just above the 1,585-point plateau although it may find support on Friday.
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84 days ago
Indonesia Bourse May Find Traction On Friday
The Indonesia stock market has finished lower in back-to-back sessions, slumping more than 85 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,170-point plateau although it may stop the bleeding on Friday.
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84 days ago
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