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China Stock Market May Extend Friday's Gains
Ahead of Monday's holiday for the Dragon Boat Festival, the China stock market had ended the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,050-point plateau and it may add to its winnings on Tuesday.
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Rebound Anticipated For Taiwan Stock Market
Ahead of Monday's holiday for the Dragon Boat Festival, the Taiwan stock market had snapped the two-day winning streak in which it had rallied almost 550 points or 2.7 percent. The Taiwan Stock Exchange now sits just above the 21,850-point plateau although it may tick higher again on Tuesday.
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Mild Support Called For Indonesia Stock Market
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped almost 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 6,900-point plateau and it may tick higher again on Tuesday.
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Japan M2 Money Stock Adds 1.9% On Year In May
The M2 money stock in Japan was up 1.9 percent on year in May, the Bank of Japan said on Tuesday - coming in at 1,259.0 trillion yen.
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Singapore Bourse Poised To End Losing Streak
The Singapore stock market has moved lower in consecutive trading days, slipping almost 10 points or 0.3 percent along the way. The Straits Times Index now sits just above the 3,320-point plateau although it may stop the bleeding on Tuesday.
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Malaysia Shares Tipped To Bounce Higher On Tuesday
The Malaysia stock market on Monday snapped the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau although it's looking to rebound on Tuesday.
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South Korea Posts $0.29 Billion Current Account Shortfall In April
South Korea had a current account deficit of $0.29 billion in April, the Bank of Korea said on Tuesday - following the $6.93 billion surplus in March.
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South Korea Shares Tipped To Open In The Green
The South Korea stock market on Monday ended the two-day winning streak in which it had collected more than 60 points or 2.3 percent. The KOSPI now rests just above the 2,700-points plateau, although it's likely to bounce higher again on Tuesday.
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South Korea Current Account Data Due On Tuesday
South Korea will on Tuesday release April figures for current account, highlighting a light day for Asia-Pacific economic activity. In March, the current account surplus was $6.93 billion.
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TSX Ends Modestly Higher; Technology, Resources Stocks Move Up
The Canadian market ended modestly higher on Monday, lifted by gains in technology, energy and materials shares. The mood remained cautious with investors awaiting the Federal Reserve's monetary policy announcement, and the data on U.S. consumer price inflation.
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Dollar Stays Fairly Steady Ahead Of RBI Policy
The U.S. dollar firmed on Monday, extending gains from the previous session, amid bets the Federal Reserve will keep interest rate higher for longer after data showed employment jumped by much more than expected in May.
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Lagarde Says ECB May Hold Rates Steady For More Than One Meeting
Eurozone interest rates are likely to remain unchanged for sometime as the European Central Bank President Christine Lagarde said restrictive policy has not ended and the bank may wait several meetings before easing rates again. Interest rates may not follow a linear downward path, Lagarde said in Paris in a joint interview to several European newspapers.
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Swiss Franc Rises Against U.S. Dollar, Euro
The Swiss franc climbed against the U.S. dollar and the euro in the New York session on Monday, as investors became cautious ahead of the Federal Reserve's interest rate decision and U.S. inflation data due this week.
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