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Singapore Stock Market May Extend Wednesday's Losses
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had dropped almost 100 points or 1.7 percent. The Straits Times Index now sits just above the 5,720-point plateau and it may take further damage on Thursday.
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14 days ago
Malaysia Stock Market May Hand Back Wednesday's Gains
The Malaysia stock market on Wednesday ended the two-day slide in which it had eased less than a single point. The Kuala Lumpur Composite Index now sits just beneath the 1,750-point plateau although it may head south again on Thursday.
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14 days ago
Japan Stock Market May Spin Its Wheels On Thursday
The Japanese stock market has moved higher in back-to-back sessions, advancing more than 730 points or 1.2 percent along the way. The Nikkei 225 now sits just above the 66,260-point plateau although it may be stuck in neutral on Thursday.
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14 days ago
Rally May Stall For South Korea Shares
The South Korea stock market has finished higher in two straight sessions, accelerating more than 110 points or 1.7 percent along the way. The KOSPI now sits just above the 6,800-point plateau although it may run out of steam on Thursday.
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14 days ago
South Korea Rate Decision On Tap For Thursday
The bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to hike its benchmark lending rate by 25 basis points, to 3.00 percent from 2.75 percent.
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14 days ago
U.S. Dollar Advances Ahead Of Jackson Hole Symposium Amid U.S. Inflation Data Release
The U.S. Dollar value edged higher ahead of the Jackson Hole Symposium that begins tomorrow as investors parsed the July month's personal spending and income data that showed an increase against the Personal Consumption Expenditure price index and the core PCE index that matched expectations.
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14 days ago
Swiss Market Ends Marginally Up
The Switzerland stocks market ended slightly up on Wednesday after staying modestly positive throughout the session amid selective buying. Optimism about reopening of the Strait of Hormuz and data showing an improvement in Swiss Investors' sentiment in the month of August supported the market.
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14 days ago
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Major European Markets Close Roughly Flat
Major European markets turned in a mixed performance on Wednesday as investors largely refrained from making big moves while following the developments on the geopolitical front and awaiting U.S. tech major Nvidia's earnings update due later in the day.
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14 days ago
Canadian Market Retreats After Hitting New Record High
After climbing to a new record high, the Canadian stock market's benchmark S&P/TSX Composite Index slipped into negative territory on Wednesday, weighed down by losses in the materials sector as precious metals prices drifted lower. Energy stocks moved higher despite a sharp drop in oil prices.
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14 days ago
U.S. Economic Growth Unrevised At 1.5% In Q2
A report released by the Commerce Department on Wednesday showed the increase in U.S. gross domestic product in the second quarter was unrevised from the initial estimate. The Commerce Department GDP jumped by 1.5 percent in the second quarter, unchanged from the original estimate and in line with economist estimates.
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14 days ago
U.S. Durable Goods Orders Jump 1.1% In July, Much More Than Expected
The Commerce Department released a report on Wednesday showing a sharp increase in new orders for U.S. manufactured durable goods in the month of July. The report said durable goods orders shot up by 1.1 percent in July after climbing by 0.5 percent in June. Economists had expected durable goods orders to rise by another 0.5 percent.
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14 days ago
U.S. Consumer Prices Rise 0.2% In July, Slightly More Than Expected
Consumer prices in the U.S. increased by slightly more than expected in the month of July, according to a closely watched report released by the Commerce Department on Wednesday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 in July after edging down by 0.1 percent in June. Economists had expected prices to inch up by 0.1 percent.
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14 days ago
Canadian Dollar Falls As Crude Oil Prices Slide
The Canadian dollar weakened against other major currencies in the European session on Wednesday, as oil prices fell sharply on renewed optimism about Iran peace talks and possible reopening of the Strait of Hormuz sooner than later.
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14 days ago
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