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Malaysia Stock Market Predicted To Extend Losing Streak
The Malaysia stock market has finished lower in six straight sessions, slumping more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau and it's tipped to open in the red again on Thursday.
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1292 days ago
KOSPI May Hand Back Wednesday's Gains
Ahead of Wednesday's holiday for Independence Day, the South Korea stock market had halted the two-day losing streak in which it had slumped more than 35 points or 1.4 percent. The KOSPI now rests just above the 2,410-point plateau although it figures to see renewed selling pressure on Thursday.
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1292 days ago
TSX Ends Marginally Up
The Canadian market ended marginally up on Wednesday, thanks to strong gains in materials and energy stocks.
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1292 days ago
South Korea Industrial Production On Tap For Thursday
South Korea will on Thursday release January figures for industrial production and retail sales, highlighting a modest day for Asia-Pacific economic activity.
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1292 days ago
New Zealand Terms Of Trade Climbs 1.8% In Q4
New Zealand's terms of trade rose a seasonally adjusted 1.8 percent on quarter in the fourth quarter of 2022, Statistics New Zealand said on Thursday.
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1292 days ago
Dollar Drifts Lower Against Major Counterparts
The U.S. dollar drifted lower against most of its major counterparts on Wednesday, weighed down by upbeat Chinese factory data.
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1292 days ago
Swiss Market Fails To Hold Early Gains, Settles Modestly Lower
After holding in positive territory till the final hour of the day's trading session, the Switzerland stock market drifted lower to ended on a weak note on Wednesday, amid concerns about inflation and further interest rate hikes.
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1292 days ago
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European Stocks Pare Gains In The Final Hour, Close On Mixed Note
Despite paring gains in the final hour of the session on Wednesday, the UK market managed to close on a positive note, while markets in Germany and France settled lower.
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1292 days ago
Canadian Shares Turning In Mixed Performance; TSX Modestly Higher At Noon
Canadian shares are turning in a mixed performance on Wednesday, with investors digesting a report on the nation's manufacturing activity, and reacting to a slew of earnings updates.
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1292 days ago
U.S. Construction Spending Unexpectedly Edges Slightly Lower In January
Construction spending in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday. The report said construction spending slipped by 0.1 percent to an annual rate of $1.826 trillion in January after falling by 0.7 percent to a revised rate of $1.828 trillion in December.
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1292 days ago
U.S. Manufacturing Index Indicates Slightly Slower Contraction In February
A report released by the Institute for Supply Management on Wednesday showed U.S. manufacturing activity contracted at a slightly slower rate in the month of February. The ISM said its manufacturing PMI inched up to 47.7 in February from 47.4 in January, although a reading below 50 still indicates a contraction.
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1292 days ago
Eurozone Manufacturing Activity Continues To Shrink
Euro area factory activity continued to contract in February despite production ending an eight-month sequence of decline amid the easing supplier bottlenecks and improved raw material availability, final survey data from S&P Global showed Wednesday. The manufacturing Purchasing Managers' Index, or PMI, fell to 48.5 in February from 48.8 in January.
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1293 days ago
Abercrombie & Fitch, Dollar Tree Q4 Profit Down, While Kohl's Slips To Loss
U.S. retailers Abercrombie & Fitch Co. (ANF), Dollar Tree Inc. (DLTR) and Kohl's Corp. (KSS) on Wednesday reported results for the fourth quarter, with profit at Abercrombie & Fitch declining, and profit at Dollar Tree edging down from last year, while Kohl's slipped to a loss.
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1293 days ago
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