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South Korea Has $2.68 Billion Current Account Surplus
South Korea had a current account surplus of $2.68 billion in December, the Bank of Korea said on Wednesday - following the $0.22 billion shortfall in November.
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Singapore Bourse May Challenge Resistance At 3,400 Points
The Singapore stock market on Tuesday wrote a finish to the two-day winning streak in which it had gathered more than 20 points or 0.6 percent. The Straits Times Index now rests just above the 3,380-point plateau although it's likely to reclaim what it lost on Wednesday.
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Malaysia Stock Market May Reverse Tuesday's Losses
The Malaysia stock market on Tuesday snapped the two-day winning streak in which it had picked up more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,475-point plateau although it figures to bounce higher again on Wednesday.
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Additional Support Anticipated For South Korea Shares
The South Korea stock market rebounded on Tuesday, one day after snapping the two-day winning streak in which it had jumped more than 50 points or 2.3 percent. The KOSPI now rests just above the 2,450-point plateau and it may add to its winnings on Wednesday.
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TSX Ends Modestly Higher
The Canadian market ended modestly higher on Tuesday, led by gains in energy stocks after oil prices rose sharply on hopes of an uptick in demand from China.
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Japan Current Account Data Due On Wednesday
Japan will on Wednesday release December numbers for current account, highlighting a modest day for Asia-Pacific economic activity. The current account is expected to show a surplus of 98 billion yen following the 1.84 trillion yen surplus in November.
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U.S. Dollar Loses Ground Against Major Rivals After Powell's Comments
The U.S. dollar shed ground against most of its major counterparts on Tuesday, reacting to comments from the Federal Reserve Chair Jerome Powell at an event at the Economic Club of Washington.
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U.S. Stocks Shrug Off Mid Session Setback, End On Buoyant Note
Despite staying weak till noon and suffering a setback after a subsequent recovery, U.S. stocks closed on a buoyant note on Tuesday thanks to strong buying at several counters.
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U.S. Stocks Recover After Fall From Higher Levels
After swinging between gains and losses early on in the session, U.S. stocks surged higher a little past noon, but fell into the red with investors reacting to the Federal Reserve Chairman Jerome Powell's speech at a private event.
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Swiss Market Ends Weak Again
After a flat start and a subsequent mild retreat, the Switzerland stock market saw a brief spell in positive territory Tuesday morning but faltered and spent the rest of the day's session in the red.
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European Stocks Close Mixed After Cautious Session
European stocks closed on a mixed note on Tuesday with investors largely making cautious moves amid concerns about slowing global economy, and geopolitical tensions.
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Canadian Market Up Marginally In Cautious Trade
After opening slightly lower and slipping further down, the Canadian market emerged into positive territory Tuesday morning, and is slightly higher a little past noon with stocks from energy, communications and technology stocks posting notable gains.
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U.S. Trade Deficit Widens In December
The Commerce Department released a report on Tuesday showing an increase in the size of the U.S. trade deficit in the month of December.
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