Dollar Rises Against Major Counterparts

RTTNews | Před 10 h 14 min
Dollar Rises Against Major Counterparts

(RTTNews) - The U.S. traded firm against its major counterparts on Monday after recent pools indicated a victory for former President Donald Trump in the upcoming Presidential election.

According to recent polls, Trump was leading Vice President and Democratic candidate Kamala Harris in some key battleground states.

The also found some support on bets the Federal Reserve will not be aggressive with regard to rate cuts. Dallas Fed President Logan said that she supported gradual rate cuts to help manage the risks and accomplish the goals.

The Conference Board released a report today showing its reading on leading U.S. economic indicators fell by more than expected in the month of September.

The report said the leading economic index slid by 0.5% in September after falling by a revised 0.3% in August.

Economists had expected the leading economic index to decrease by 0.3% compared to the 0.2% dip originally reported for the previous month.

Investors are looking ahead to flat PMI reading on activities in U.S. manufacturing and the services sectors, a slew of speeches from Fed officials this week.

The dollar index climbed to 104.02 gaining about 0.5%.

Against the Euro, the dollar firmed to 1.0818 from 1.0869. Against Pound Sterling, the dollar strengthened to 1.2985 from 1.3051.

The Japanese currency Yen weakened to 150.78 against the dollar. The Aussie eased to US$0.6659 a unit, from US$0.6659.

The dollar firmed against Swiss franc, fetching CHF 0.8660 a unit, and strengthened the Loonie as well, trading at C$ 1.3833 a unit.

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Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Tuesday, adding to the slight losses in the previous session, with the Nikkei 225 falling to stay a tad above the 38,400 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | Před 4 h 13 min
Sensex, Nifty Seen Lower As Bond Yields Surge

Sensex, Nifty Seen Lower As Bond Yields Surge

Indian shares are likely to open lower on Tuesday as investors react to weak global cues and an uptrend in oil prices overnight amid heightened tensions in the Middle East.
RTTNews | Před 4 h 15 min
Thai Stock Market May Take Further Damage On Tuesday

Thai Stock Market May Take Further Damage On Tuesday

The Thai stock market has tracked lower in two straight sessions, slipping more than 6 points or 0.4 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,490-point plateau and it's looking at another soft start again on Tuesday.
RTTNews | Před 4 h 39 min
Australian Market Sharply Lower

Australian Market Sharply Lower

Reversing the gains in the previous session, the Australian stock market is trading sharply lower on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by energy and technology stocks. Gold miner stocks were the only bright spot.
RTTNews | Před 5 h 4 min
Indonesia Stock Market Due For Consolidation On Tuesday

Indonesia Stock Market Due For Consolidation On Tuesday

The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The JCI finished slightly higher on Monday following mixed performances from the financial shares and resource stocks. For the day, the index added 12.54 points or 0.16 percent to finish at 7,772.60 after trading between 7,739.89 and 7,795.09. Among the actives, Bank CIMB Niaga dipped 0.26 percent, while Bank Mandiri collected 0.35 percent, Bank Danamon Indonesia rose 0.38 percent, Bank Negara Indonesia fell 0.44 percent, Bank Central Asia shed 0.70 percent, Bank Rakyat Indonesia added 0.40 percent, Bank Maybank Indonesia advanced 0.88 percent, Indosat Ooredoo Hutchison improved 0.82 percent, Indocement tumbled 1.92 percent, Semen Indonesia stumbled 2.43 percent, Indofood Sukses Makmur slid 0.34 percent, Astra International soared 3.66 percent, Energi Mega Persada spiked 3.45 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang surged 4.00 percent, Vale Indonesia rallied 3.16 percent, Timah jumped 1.87 percent, Bumi Resources dropped 0.72 percent and United Tractors and Jasa Marga were unchanged.
RTTNews | Před 5 h 9 min
Hong Kong Shares Tipped To Open In The Red

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.
RTTNews | Před 5 h 24 min
Soft Start Predicted For China Stock Market

Soft Start Predicted For China Stock Market

The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The SCI finished slightly higher on Monday following mixed performances from the property stocks and resource companies, while the financials and oil companies were down. For the day, the index rose 6.55 points or 0.20 percent to finish at 3,268.11 after trading between 3,239.10 and 3,300.66. The Shenzhen Composite Index jumped 30.10 points or 1.58 percent to end at 1,936.97. Among the actives, Industrial and Commercial Bank of China tanked 2.53 percent, while Bank of China declined 1.98 percent, China Construction Bank dropped 1.93 percent, China Merchants Bank lost 0.51 percent, Agricultural Bank of China stumbled 2.42 percent, China Life Insurance rose 0.21 percent, Jiangxi Copper jumped 1.90 percent, Aluminum Corp of China (Chalco) rallied 2.46 percent, Yankuang Energy strengthened 1.83 percent, PetroChina sank 0.94 percent, China Petroleum and Chemical (Sinopec) fell 0.30 percent, Huaneng Power shed 0.57 percent, China Shenhua Energy retreated 1.57 percent, Gemdale soared 2.43 percent, Poly Developments spiked 2.77 percent and China Vanke tumbled 1.92 percent.
RTTNews | Před 5 h 39 min
Rally May Stall For Taiwan Stock Market

Rally May Stall For Taiwan Stock Market

The Taiwan stock market has climbed higher in three straight sessions, advancing more than 530 points or 2.4 percent along the way. The Taiwan Stock Exchange now rests just above the 23,540-point plateau although it may run out of steam on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.
RTTNews | Před 6 h 9 min