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Little Movement Expected For Malaysia Stock Market

The Malaysia stock market on Friday wrote a finish to the three-day slide in which it had stumbled more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,475-point plateau although it's likely to spin its wheels on Monday.
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South Korea Bourse May Spin Its Wheels On Monday

South Korea Bourse May Spin Its Wheels On Monday

The South Korea stock market has ticked lower in two straight sessions, slipping almost 15 points or 0.6 percent along the way. The KOSPI now rests just beneath the 2,470-point plateau and it's likely to remain stuck in neutral on Monday.
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Singapore GDP Data Due On Monday

Singapore GDP Data Due On Monday

Singapore will on Monday release Q4 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
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Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

The Canadian market is down marginally in late afternoon trade on Friday with stocks turning in a mixed performance as investors digest the jobs data, a slew of earnings updates, and weighing possible interest rate moves by the Canadian central bank and the Federal Reserve.
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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland stock market ended lower on Friday, in line with markets across Europe, as concerns about outlook for interest rate hikes by the Federal Reserve and the European Central Bank, and a global economic recession hurt sentiment.
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Kazuo Ueda Nomination As BoJ Governor A Harbinger Of Policy Shift

Kazuo Ueda Nomination As BoJ Governor A Harbinger Of Policy Shift

Friday saw an end to speculation and a twist in the saga of the candidate selection for the post of Bank of Japan Governor after Japanese media broke the news that Prime Minister Fumio Kishida's government has picked Kazuo Ueda, a renowned economist and a former policymaker at the central bank, for the top job. The Japanese yen surged on the news that came as a big surprise.
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Canadian Dollar Appreciates After Strong Jobs Data

Canadian Dollar Appreciates After Strong Jobs Data

The Canadian dollar firmed against its major counterparts in the New York session on Friday, following the release of strong domestic jobs data for January.
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U.S. Consumer Sentiment Improves In February, Inflation Expectations Rebound

U.S. Consumer Sentiment Improves In February, Inflation Expectations Rebound

The University of Michigan released a report on Friday showing a modest improvement in U.S. consumer sentiment in the month of February. The report showed the consumer sentiment index rose to 66.4 in February from 64.9 in January. Economists had expected the index to inch up to 65.0.
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Flattened GDP Helps UK Economy To Skirt Recession

Flattened GDP Helps UK Economy To Skirt Recession

The UK economy managed to avoid a technical recession in the fourth quarter, but it is set to undergo a challenging period ahead as high interest rates and inflation squeeze disposable income of households. Gross domestic product stabilized in the final quarter of 2022, as expected, after shrinking 0.2 percent in the third quarter, data released by the Office for National Statistics said.
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Blueprint Medicines Says FDA Places Partial Clinical Hold On Phase 1/2 VELA Trial Of BLU-222

Blueprint Medicines Says FDA Places Partial Clinical Hold On Phase 1/2 VELA Trial Of BLU-222

Precision therapy company Blueprint Medicines Corp. (BPMC) announced Friday that the U.S. Food and Drug Administration (FDA) verbally informed the company on Wednesday that it has placed a partial clinical hold on the Phase 1/2 VELA trial of BLU-222 due to visual adverse events (AEs) observed in a limited number of patients.
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