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Singapore Bourse May Extend Monday's Gains
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day winning streak in which it had picked up almost 90 points or 2.8 percent. The Straits Times Index now sits just beneath the 3,500-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets is positive on anticipated bargain hunting and on the outlook for interest rates. The European and U.S. markets were solidly higher and the Asian bourses are tipped to open in similar fashion.
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vor 42 Tagen
Malaysia Stock Market Due For Support On Tuesday
The Malaysia stock market has moved lower in five straight sessions, slipping more than 25 points or 1.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,650-point plateau although it's expected to open in the green on Tuesday.
The global forecast for the Asian markets is positive on anticipated bargain hunting and on the outlook for interest rates. The European and U.S. markets were solidly higher and the Asian bourses are tipped to open in similar fashion.
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vor 42 Tagen
KOSPI Poised To End Losing Streak
The South Korea stock market has finished lower in five straight sessions, plunging almost 150 points or 5.5 percent along the way. The KOSPI now rests just above the 2,535-point plateau although it may finally stop the bleeding on Tuesday.
The global forecast for the Asian markets is positive on anticipated bargain hunting and on the outlook for interest rates. The European and U.S. markets were solidly higher and the Asian bourses are tipped to open in similar fashion.
The KOSPI finished slightly lower on Monday following losses from the financial shares and mixed performances from the technology and industrial sectors.
For the day, the index shed 8.35 points or 0.33 percent to finish at 2,535.93 after trading between 2,491.30 and 2,543.22. Volume was 262.46 million shares worth 7.3 trillion won. There were 502 gainers and 371 decliners.
Among the actives, Shinhan Financial tumbled 1.75 percent, while KB Financial slumped 1.20 percent, Hana Financial tanked 2.70 percent, Samsung Electronics rallied 2.58 percent, Samsung SDI rose 0.29 percent, LG Electronics plunged 2.02 percent, SK Hynix added 0.38 percent, Naver stumbled 1.40 percent, LG Chem lost 0.64 percent, S-Oil and KEPCO both sank 0.68 percent, SK Innovation improved 0.84 percent, POSCO perked 0.15 percent, SK Telecom surrendered 2.25 percent, Hyundai Mobis dropped 0.70 percent, Hyundai Motor advanced 0.88 percent, Kia Motors gained 0.80 percent and Lotte Chemical was unchanged.
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vor 42 Tagen
New Zealand Manufacturing Sales Data Due On Tuesday
New Zealand will on Tuesday release Q2 data for manufacturing sales volume, highlighting a light day for Asia-Pacific economic activity. Sales were down 0.4 percent on quarter in the three months prior.
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vor 42 Tagen
TSX Snaps 4-day Losing Streak, Ends More Than 1% Up
The Canadian market ended on a strong note on Monday thanks to some hectic bargain hunting at several counters after four successive days of losses. Technology, healthcare, financials and industrials stocks were among the major gainers.
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vor 42 Tagen
Dollar Rises Before Inflation Data
The U.S. dollar firmed against its major counterparts on Monday with traders awaiting U.S. consumer price inflation data due later in the week, and betting on hopes the Fed will not cut interest rate by more than 25 basis points next week.
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vor 42 Tagen
Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory Monday afternoon with stocks from across several sectors bouncing back strongly from recent losses.
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vor 42 Tagen
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Swiss Market Ends Moderately Higher
The Switzerland market ended higher on Monday, in line with markets across Europe, as investors looked ahead to key inflation data from the U.S., and the European Central Bank's monetary policy announcement this week.
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vor 42 Tagen
European Stocks Close On Firm Note
European stocks closed on a firm note on Monday, rebounding from recent losses, as investors indulged in some strong buying at several counters ahead of European Central Bank's monetary policy announcement, and U.S. inflation data, due later in the week.
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vor 42 Tagen
U.S. Dollar Rises Ahead Of Inflation Data
The U.S. dollar strengthened against its most major counterparts in the New York session on Monday, as expectations for larger Fed rate cuts faded and investors awaited August inflation data due later this week.
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vor 42 Tagen
U.S. Wholesale Inventories Rise Slightly Less Than Expected In July
Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said wholesale inventories crept up by 0.2 percent in July, while revised data showed inventories were unchanged in June.
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vor 42 Tagen
Labor Market Jitters Weaken The Dollar
The U.S. Dollar slipped again during the week ended September 6 amidst renewed rate cut expectations triggered by updates from the labor market.
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vor 42 Tagen
Bay Street Likely To Open Higher
Higher Canadian and U.S. futures and firm crude oil prices point to a positive start for Canadian stocks Monday morning.
The mood is likely to remain a bit cautious ahead of U.S. inflation data due this week and the Federal Reserve's policy meeting on September 17 and September 18.
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vor 42 Tagen
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