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German Construction Activity Contracts Sharply
Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.
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99 days ago
U.S. Dollar Climbs Against Majors
The U.S. dollar climbed against its major counterparts in the New York session on Wednesday.
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99 days ago
Asian Shares Slide As Tech Stocks Pullback On Broadcom Earnings
Asian stocks retreated on Thursday as investors pulled back from technology and semiconductor shares following a weak forecast from U.S. chipmaker Broadcom.
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99 days ago
Canadian Dollar Falls Against Majors
The Canadian dollar weakened against other major currencies in the late Asian session on Thursday.
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99 days ago
European Shares Set For Cautious Open As Broadcom's AI Forecast Disappoints
European stocks are seen opening lower on Thursday, with tech stocks likely to be in focus after Broadcom delivered a disappointing forecast for artificial intelligence chip revenue, raising fresh concerns about the durability of the artificial-intelligence rally that has driven global equities to record highs in recent weeks.
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99 days ago
European Economic News Preview: Eurozone Retail Sales Data Due
Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.
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99 days ago
Indian Shares Marginally Lower In Early Trade
Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.
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99 days ago
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Australian Market Extends Early Losses In Mid-market
The Australian market is extending its early losses in mid-market moves on Thursday, but reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,700 level, with weakness across most sectors led by mining and technology stocks. Energy stocks were the only bright spot.
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99 days ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, on spiking crude oil prices after new attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement, delaying the reopening of the Strait of Hormuz, a critical waterway for the global energy market and trade. Asian markets closed mixed on Wednesday.
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99 days ago
Indian Shares Set To Follow Global Peers Lower
Indian shares are seen opening on a sluggish note Thursday as Iran jitters persist and a broader rally in global chipmaking stocks ran out of steam.
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99 days ago
Thai Bourse May Hand Back Tuesday's Gains
Ahead of Wednesday's holiday for Queen Suthida's birthday, the Thai stock market had ended the two-day slide in which it had dipped just 2 points or 0.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,590-point plateau although it's likely to turn lower again on Thursday.
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99 days ago
Oversold Indonesia Bourse Called Lower Again On Thursday
The Indonesia stock market turned emphatically lower again on Wednesday, one session after ending the two-day slide in which it had given up almost 80 points or 1.3 percent. The Jakarta Composite Index now sits just above the 5,940-point plateau and it's expected to open to the downside again on Wednesday.
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99 days ago
Japanese Market Sharply Lower
The Japanese market is trading sharply lower on Thursday, reversing the sharp gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 67,300 level, with weakness across most sectors led by index heavyweights and exporter stocks.
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99 days ago
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