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South Korea Bourse Tipped To Hand Back Thursday's Gains
The South Korea stock market on Thursday ended the seven-day losing streak in which it had plummeted more than 220 points or 8.4 percent to a 19-month closing low. The KOSPI now rests just above the 2,450-point plateau although it figures to turn emphatically lower again on Friday.
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1020 days ago
New Zealand Manufacturing Sector Accelerates In May - BusinessNZ
The manufacturing sector in New Zealand continued to expand in May, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 52.9.
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1020 days ago
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at -0.1 percent.
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1020 days ago
TSX Posts Biggest Single-session Drop In Over 2 Years
The Canadian market suffered its worst single-session loss in more than two years on Thursday as stocks tumbled amid mounting fears of a possible recession in the foreseeable future due to aggressive policy tightening by central banks.
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1020 days ago
U.S. Dollar Sheds Ground Against Major Rivals
The U.S. dollar drifted lower against most of its major counterparts on Thursday as traders digested the Federal Reserve's decision to hike interest rates by 75 basis points.
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1020 days ago
Canadian Market Deep Down In Negative Territory On Widespread Selling
Canadian stocks are languishing deep down in negative territory Thursday afternoon with investors pressing sales almost across the board amid rising fears about a possible recession due to policy tightening by global central banks.
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1020 days ago
Swiss Market Ends Sharply Lower After SNB's Unexpected Interest Rate Hike
The Switzerland stock market ended sharply lower on Thursday, in line with markets across Europe, as rate hike announcement by central banks triggered recession fears and rendered the mood extremely bearish.
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1020 days ago
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European Markets Settle Sharply Lower As Rate Hikes By Central Banks Fuel Recession Fears
European stocks plunged sharply on Thursday, weighed down by concerns that the Federal Reserve's decision to hike interest rates by 75 basis points, and the fifth consecutive rate hike by the Bank of England might trigger a recession in the foreseeable future.
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1020 days ago
U.S. Housing Starts Plunge To Lowest Level In Over A Year In May
A report released by the Commerce Department on Thursday showed new residential construction in the U.S. plunged by much more than expected in the month of May. The Commerce Department said housing starts tumbled by 14.4 percent to an annual rate of 1.549 million in May after jumping by 5.5 percent to a revised rate of 1.810 million in April.
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1020 days ago
Philly Fed Index Indicates First Contraction Since May 2020
Manufacturing activity in the Philadelphia region saw a modest contraction in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index dropped to a negative 3.3 in June from a positive 2.6 in May.
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1020 days ago
Bank Of England Lifts Key Rate To Highest Since 2009
The Bank of England raised its key interest rate by a quarter basis point to the highest level since the global financial crisis in 2009, as inflationary pressures intensified amid the labor market tightness, but the pace of tightening fell short of the U.S. Federal Reserve's latest move. The Monetary Policy Committee voted 6-3 to raise the bank rate by 25 basis points.
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1020 days ago
Schneider Electric Recalls About 1.6 Mln Electrical Panels
Schneider Electric USA Inc. is recalling about 1.6 million units of Electrical Panels for potential risk of thermal burn and fire hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These included about 289,000 units sold in Canada. The company said the load center can overheat to pose thermal burn and fire hazards.
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1020 days ago
U.S. Jobless Claims Edge Down Less Than Expected To 229,000
The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 11th. The report showed initial jobless claims edged down to 229,000, a decrease of 3,000 from the previous week's revised level of 232,000.
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1020 days ago
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