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Forex News
Yen Falls As Asian Stock Markets Traded Higher
The Japanese yen weakened against other major currencies in the Asian session on Monday, as Asian stocks markets traded higher with traders looking to pick up stocks at reduced levels following recent weakness. Data showing a bigger than expected in U.S. jobs addition in the month of April has fueled hopes that the U.S. Fed will hold rates steady in the near future.
In economic news, members of the Bank of Japan's Monetary Policy Board said that the country's economy has picked up steam, despite higher commodity prices, and it expected to continue to do so, minutes from the board's meeting on March 9 and 10 revealed on Monday.
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675 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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675 days ago
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, with traders looking to pick up stocks at reduced levels following recent weakness. Data showing a bigger than expected in US jobs addition in the month of April has fueled hopes that the US Fed will hold rates steady in the near future. Asian markets closed mixed on Friday.
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675 days ago
Indian Shares Likely To Open On Positive Note
Higher SGX Nifty and cues from Wall Street and Asian markets point to a positive start for Indian shares on Monday.
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675 days ago
Japanese Market Notably Lower
The Japanese stock market is notably lower on Monday after a long weekend, snapping a four-session winning streak, with the Nikkei 225 staying above the 29,000 mark , despite the broadly positive cues from global markets on Friday, with weakness across most sectors as the markets are catching up with their global peers after a three-day holiday.
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675 days ago
Thai Stock Market Expected To Open In The Green
Ahead of the long weekend for Coronation Day, the Thai stock market had snapped the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Stock Exchange of Thailand now rests just above the 1,530-point plateau and it's likely to return to the upside on Monday.
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675 days ago
Indonesia Stock Market May Reverse Friday's Losses
The Indonesia stock market headed south again on Friday, one day after snapping the three-day slide in which it had dropped more than 130 points or 1.9 percent. The Jakarta Composite Index now rests just beneath the 6,790-point plateau although it's expected to bounce higher again on Monday.
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675 days ago
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Australian Market Notably Higher
The Australian stock market is notably higher on Monday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by energy and mining stocks.
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675 days ago
Hong Kong Stock Market Tipped To Extend Winning Streak
The Hong Kong stock market has tracked higher in two straight sessions, advancing more than 350 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,050-point plateau and it's expected to see additional support on Monday.
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675 days ago
Renewed Support Anticipated For China Stock Market
The China stock market on Friday wrote a finish to the three-day winning streak in which it had advanced almost 90 points or 2.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,335-point plateau although it's expected to rebound on Monday.
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675 days ago
Japan Services Sector PMI Improves To 55.4 In April - Jibun
The services sector in Japan continued to expand in April, and at a faster rate, the latest survey from Jibun Bank revealed on Monday with a services PMI score of 55.4.
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675 days ago
Taiwan Bourse May Add To Its Winnings On Monday
The Taiwan stock market has moved higher in back-to-back sessions, improving more than 70 points or 0.5 percent along the way. The Taiwan Stock Exchange now rests just above the 15,625-point plateau and it's expected to open higher again on Monday.
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675 days ago
BoJ Minutes: Japan Economy Expected To Continue Growth Trend
Members of the Bank of Japan's Monetary Policy Board said that the country's economy has picked up steam, despite higher commodity prices, and it expected to continue to do so, minutes from the board's meeting on March 9 and 10 revealed on Monday.
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675 days ago
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