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Renewed Selling Pressure Expected For China Stock Market
The China stock market bounced higher again on Wednesday, one day after snapping the two-day winning streak in which it had jumped almost 110 points or 2.7 percent. The Shanghai Composite Index now sit just beneath the 4,110-point plateau although it may head south again on Thursday.
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85 days ago
Taiwan Shares Tipped To Open In The Red On Thursday
The Taiwan stock market has finished higher in four straight sessions, jumping more than 2,750 points or 6 percent in that span. The Taiwan Stock Exchange now sits just above the 45,875-point plateau although it's likely to see profit taking on Thursday.
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85 days ago
Singapore Bourse Due For Consolidation On Thursday
The Singapore stock market has finished higher in five straight sessions, collecting almost 220 points or 4.4 percent along the way. Now at a fresh record closing high, the Straits Times Index sits just above the 5,110-point plateau although it may spin its wheels on Thursday.
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85 days ago
Win Streak May End For Malaysia Stock Market
Ahead of Wednesday's holiday for the Islamic New Year, the Malaysia stock market had finished higher in five straight sessions, collecting almost 35 points or 2.2 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,710-point plateau although it's likely to open under water on Thursday.
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85 days ago
Rally May Stall For Japan Stock Market
The Japanese stock market has tracked to the upside in five consecutive sessions, climbing more than 5,600 points or 8.9 percent in that span. Now at a fresh record closing high, the Nikkei 225 sits just above the 69,900-point plateau although investors are likely to lock in gains on Thursday.
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85 days ago
KOSPI Overdue For Profit Taking On Thursday
The South Korea stock market has moved higher in five straight sessions, advancing almost 1,150 points or 13 .7percent along the way. Now at a fresh record closing high, the KOSPI sits just above the 8,860-point plateau although it may run out of steam on Thursday.
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85 days ago
New Zealand GDP Data Due On Thursday
New Zealand will on Thursday release Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. In the previous three months, GDP was up 0.2 percent on quarter and 1.3 percent on year.
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85 days ago
more news
U.S. Dollar Advances Amid Concerns Of Delay In Oil Output Recovery In Gulf
The U.S. Dollar value edged higher as energy experts warn of a delayed recovery in oil production and supply even if the upcoming U.S.-Iran peace deal holds. In addition, today's stronger-than-expected U.S. economic reports supported the dollar.
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85 days ago
Fed Leaves Interest Rates Unchanged, Officials See Possible Rate Hike This Year
Following Kevin Warsh's first monetary policy meeting as Federal Reserve chairman, the central bank on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
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85 days ago
Swiss Market Settles Higher; Straumann Holdings Soars After Raising Outlook
The Switzerland market opened on a somewhat sluggish note on Wednesday but gained in strength subsequently and despite paring some gains in late afternoon trade, ended the day's session modestly higher.
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85 days ago
European Stocks Close Mostly Higher As Investors Await Fed Policy Announcement
European stocks closed slightly higher on Wednesday with investors largely making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement due later in the day, and for more details about a U.S.-Iran peace deal that is expected to be signed in Switzerland on Friday.
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85 days ago
TSX Up Firmly As Technology, Materials Stocks Post Strong Gains
The Canadian market remains firmly up in positive territory a little past noon on Wednesday, riding once again on strong gains in materials sectors. Financials stocks are also having a good outing. Technology stocks, which had a weak outing on Tuesday, are among the other notable gainers.
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85 days ago
U.S. Business Inventories Increase In Line With Estimates In April
Business inventories in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Wednesday. The Commerce Department business inventories climbed by 0.5 percent in April after jumping by an upwardly revised 1.0 percent in March.
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85 days ago
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