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KOSPI Overdue For Consolidation On Thursday
Ahead of Wednesday's market holiday for Election Day, the South Korea stock market had moved higher in three straight sessions, rallying more than 610 points or 7.7 percent in that span. Now at a fresh record closing high, the KOSPI sits just above the 8,800-point plateau although investors figure to lock in gains on Thursday.
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99 days ago
Australia Trade Data Due On Thursday
Australia will on Thursday release April numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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99 days ago
U.S. Dollar Advances Amid Renewed Gulf Tensions, ADP Data Release
The U.S. Dollar value edged higher after fresh attacks in the gulf renewed war concerns while private jobs data from the U.S. showed an increase of 122,000 in May, exceeding expectations.
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99 days ago
Swiss Market Ends Moderately Lower
Save for a very brief while at the start, the Switzerland market stayed weak on Wednesday amid uncertainty about a full-fledged U.S.- Iran ceasefire in the Middle East following the latest wave of strikes and counterstrikes by the warring nations.
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99 days ago
European Stocks Close Weak As Middle East Tensions Hurt Sentiment
European stocks closed lower on Wednesday as concerns about Middle East tensions and worries about fresh tariff threat by the United State rendered the mood bearish. Investors also reacted to the regional PMI data.
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99 days ago
Canadian Market Retreats From Record High; Energy, Tech Stocks Lose Ground
The Canadian market is down firmly in negative territory on Wednesday, weighed down by concerns about tensions in the Middle East, and largely contrasting reports about peace talks between the U.S. and Iran.
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99 days ago
U.S. Factory Orders Spike More Than Expected In April
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April.
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99 days ago
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U.S. Services Index Rises More Than Expected In May
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
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99 days ago
U.S. Private Sector Job Growth Modestly Exceeds Estimates In May
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
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99 days ago
U.S. Private Sector Employment Jumps Slightly More Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May.
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100 days ago
Yen Rises After Japan PM Takaichi's Intervention Warning
The Japanese yen strengthened against other major currencies in the European session on Wednesday, after Japanese Prime Minister Sanae Takaichi issued a warning that the government might intervene in the foreign exchange market at any time.
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100 days ago
Bay Street Likely To Open On Subdued Note
Canadian stocks are likely to open on a somewhat subdued note on Wednesday amid concerns about rising tensions in the Middle East.
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100 days ago
Inditex Stock Gains On Growth In Q1 Results, Q2-to-date Sales On Strong Demand
Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahead for fiscal 2026, Zara owner said it expects a stable gross margin, plus or minus 50 basis points.
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100 days ago
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