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South Korea Shares May Extend Friday's Losses
The South Korea stock market emphatically ended the two-day winning streak in which it had rallied almost 340 points or 4.2 percent to a record closing high. The KOSPI now sits just beneath the 7,500-point plateau and it figures to open in the red again on Monday.
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116 days ago
Japan Bourse May Give Up Support At 61,000 Points
The Japanese stock market has finished lower in back-to-back sessions, plunging almost 1,800 points or 6 percent in that span. The Nikkei sits just above the 61,400-point plateau and it may take further damage again on Monday.
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116 days ago
New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
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116 days ago
China Data On Tap For Monday
China is scheduled to release a raft of data on Monday, headlining a modest day for Asia-Pacific economic news. On tap are April figures for industrial production, retail sales, fixed asset investment and unemployment.
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116 days ago
U.S. Dollar Edges Higher As Concerns Of Re-escalation In Gulf Intensify
The U.S. Dollar value inched higher after the two-day U.S.-China summit failed to deliver any breakthrough on a possible Chinese role to end the gulf crisis. With reopening of the Strait of Hormuz delaying along with concerns of re-escalation in the Middle East, the dollar index moved higher.
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118 days ago
Canadian Market Down Sharply As Materials Stocks Tumble
The Canadian market is down sharply in negative territory Friday afternoon, hurt by losses in materials, healthcare and consumer discretionary sectors. Shares from utilities and financials sectors too are mostly down with notable losses.
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118 days ago
Swiss Market Ends Marginally Up
The Swiss market ended slightly up on Friday after stocks turned in a mixed performance in largely cautious moves by investors.
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118 days ago
more news
European Stocks Close On Weak Note As Inflation Concerns Weigh
European stocks closed sharply lower on Friday on renewed concerns about inflation as oil prices rose sharply amid Middle East tensions. A lack of positive outcome from the U.S.-China summit weighed as well on sentiment.
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118 days ago
U.S. Industrial Production Increases 0.7% In April, Much More Than Expected
The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April. The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March. Economists had expected industrial production to rise by 0.3 percent.
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119 days ago
New York Manufacturing Index Unexpectedly Jumps To Four-Year High In May
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.
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119 days ago
U.S. Industrial Production Rebounds Much More Than Expected In April
The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April.
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119 days ago
New York Manufacturing Index Unexpectedly Increases In May
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday.
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119 days ago
Bay Street Likely To Open Weak
Lower Canadian and U.S. futures amid renewed concerns over the Middle East conflict and rising oil prices point to a weak opening on Bay Street Friday morning. A lack of concrete outcome from the U.S.-China summit in Beijing is also likely to hurt sentiment.
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119 days ago
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