Forex News

Singapore Stock Market Tipped To Remain Rangebound

The Singapore stock market has alternated between positive and negative finishes through the last four three trading days since the end of the seven-day losing streak in which it had slumped more than 135 points or 4.4 percent. The Straits Times Index now rests just beneath the 3,095-point plateau and it's looking at a flat lead for Thursday's trade.
RTTNews | 915 days ago
Malaysia Stock Market Has Flat Lead For Thursday's Trade

Malaysia Stock Market Has Flat Lead For Thursday's Trade

The Malaysia stock market turned lower again on Wednesday, one day after halting the two-day losing streak in which it had fallen more than 30 points or 2.1 percent. The Kuala Lumpur Composite Index now rests just above the 1,430-point plateau and it's expected to see little movement on Thursday.
RTTNews | 915 days ago
Australia Manufacturing PMI Inches Higher - S&P Global

Australia Manufacturing PMI Inches Higher - S&P Global

The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8.
RTTNews | 915 days ago
Little Movement Predicted For South Korea Shares

Little Movement Predicted For South Korea Shares

The South Korea stock market headed south again on Wednesday, one session after snapping the two-day slide in which it had stumbled more than 60 points or 2.5 percent. The KOSPI now rests just above the 2,340-point plateau and it's expected to remain in that neighborhood again on Thursday.
RTTNews | 915 days ago
Australia Manufacturing PMI Data Due On Thursday

Australia Manufacturing PMI Data Due On Thursday

Australia will on Thursday see June results for the manufacturing, services and composite PMIs from S&P Global, highlighting a busy day for Asia-Pacific economic activity. In May, their scores were 55.7, 53.2 and 52.9, respectively.
RTTNews | 915 days ago
Dollar Slips Against Major Rivals

Dollar Slips Against Major Rivals

The U.S. dollar traded weak against its major counterparts on Wednesday amid a drop in bond yields as treasuries rose on fears that the Fed's commitment to tackle price pressures by hiking rates sharply is likely to cause a recession.
RTTNews | 915 days ago
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Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Wednesday, recovering gradually from early lows and moving into positive territory in the final hour thanks to some strong buying at select counters.
RTTNews | 916 days ago
U.S. Dollar Falls As Treasury Yields Decline On Recession Worries

U.S. Dollar Falls As Treasury Yields Decline On Recession Worries

The U.S. dollar dropped against its major rivals in the New York session on Wednesday, amid a sell-off in treasury yields on concerns that the Federal Reserve's aggressive monetary tightening to tame inflation could push the economy into recession.
RTTNews | 916 days ago
Powell: Fed 'Strongly Committed' To Bringing Inflation Back Down To 2%

Powell: Fed 'Strongly Committed' To Bringing Inflation Back Down To 2%

On the heels of last week's significant interest rate increase, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee on Wednesday to deliver his semiannual monetary policy testimony. Powell began his prepared remarks by highlighting the Fed's strong commitment to bringing inflation back down to the central bank's longer-run goal of 2 percent.
RTTNews | 916 days ago

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