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Malaysia Stock Market Due For Consolidation
The Malaysia stock market has moved higher in four straight sessions, gathering more than 40 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,500-point plateau although it may run out of steam on Tuesday.
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1500 days ago
South Korea Stock Market Likely To Run Out Of Steam
The South Korea stock market has finished higher in six straight sessions, gathering more than 55 points or 2.4 percent along the way. The KOSPI now rests just above the 2,450-point plateau although investors figure to cash in on Tuesday.
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1500 days ago
Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia 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 RBA is expected to hike its benchmark lending rate by 50 basis points, from 1.35 percent to 1.85 percent.
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1500 days ago
Dollar Drifts Lower Against Major Counterparts
The U.S. dollar shed ground against its major rivals on Monday amid rising expectations that the Federal Reserve will likely slowdown the pace of its interest rate hikes in the coming months.
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1500 days ago
U.S. Stocks Close Slightly Weak As Investors Look For Direction
After recording their best month in the Year in July, U.S. stocks turned in a sluggish performance on Monday, the first trading session of August, and ended slightly weak.
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1500 days ago
U.S. Stocks Exhibiting Weakness In Cautious Trade
After a weak start and a subsequent rebound into positive territory, U.S. stocks lost their way again and are down in the red in afternoon trades on Monday.
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1500 days ago
Swiss Market Ends Marginally Up
The Switzerland stock market closed marginally higher on Monday after moving in a very tight band right through the day's session.
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1500 days ago
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Major European Markets Close Slightly Lower After Volatile Session
European stocks, which had their best month of the year in July, began the new month on a somewhat volatile note and ended slightly lower on Monday with investors digesting the latest batch of earnings updates and weighing growth prospects amid rising interest rates and policy tightening by central banks.
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1500 days ago
U.S. Dollar Weakens At Start Of Week
The U.S. dollar was lower against its major counterparts in the European session on Monday, on hopes that the Federal Reserve is likely to be less aggressive on rate hikes in the future.
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1500 days ago
UK Manufacturing Sector Growth Weakens To 25-Month Low
The UK manufacturing sector growth moderated to a 25-month low in July as the downturn in production and new work continued amid heightened uncertainty, the cost of living crisis and supply chain issues. The Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index declined to a 25-month low of 52.1 in July from 52.8 in June, the survey results published by S&P Global
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1500 days ago
Stealth BioTherapeutics To Be Taken Private In All-cash Deal
Biotechnology company Stealth BioTherapeutics Corp (MITO) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Stealth Parent Limited,, and Stealth Merger Sub Limited, a wholly-owned subsidiary of Parent, to be acquired by a consortium of investors led by Morningside Venture (I) Investments Ltd. and J. Wood Capital Advisors LLC in an all-cash transaction.
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1500 days ago
ON Semiconductor Guides Q3 Revenues Well Above Estimates - Update
While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter.
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1501 days ago
Advanced Energy Authorizes Quarterly Cash Dividend Of $0.10/share
Advanced Energy Industries, Inc. (AEIS) announced Monday that its board of directors has authorized a quarterly cash dividend of $0.10 per share, payable on September 2, 2022 to shareholders of record as of August 22, 2022.
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1501 days ago
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