Forex News
Malaysia Bourse Likely To Crack Resistance At 1,600 Points
The Malaysia stock market has moved higher in two straight sessions, gathering almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau and it's expected to open in the green again on Tuesday.
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122 days ago
Win Streak May Continue For South Korea Stock Market
The South Korea stock market has tracked higher in back-to-back sessions, collecting more than 20 point or 0.7 percent along the way. The KOSPI now rests just above the 2,800-point plateau and it may add to its winnings again on Tuesday.
The global forecast for the Asian markets suggests little movement ahead of key U.S. employment data later this week. The European and U.S. markets finished slightly higher and the Asian markets figure to follow suit.
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122 days ago
RBA Minutes On Tap For Tuesday
The Reserve Bank of Australia will on Tuesday release the minutes from its June 18 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
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123 days ago
U.S. Stocks Close Higher; Nasdaq Outperforms
U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster trade, but turned positive with stocks gaining in strength gradually as the session progressed.
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123 days ago
U.S. Dollar Climbs Before Powell's Speech
The U.S. dollar firmed against its major counterparts in the New York session on Monday, as investors await key economic data and Fed Chair Jerome Powell's speech for clues on the monetary policy outlook.
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123 days ago
Swiss Market Ends Moderately Higher
The Switzerland market ended moderately higher on Monday after staying firm right through the day's session, tracking positive cues from other markets in the region.
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123 days ago
European Stocks Close Higher On Fairly Encouraging Economic Data
European stocks closed higher on Monday with investors reacting positively to the results of the first round of France's parliamentary election. A survey showing the downturn in the eurozone's manufacturing sector wasn't as bad as intially feared in June, contributed as well to the positive sentiment in the markets.
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123 days ago
more news
German Inflation Slows More Than Expected
Germany's consumer price inflation slowed faster than expected in June amid a steeper year-on-year decline in energy prices and the core figure eased to its lowest in about two-and-a-half years, while services inflation proved sticky for another month, suggesting it is not yet time for policymakers at the European Central Bank to drop their guard.
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123 days ago
U.S. Construction Spending Unexpectedly Edges Down 0.1% In May
A report released by the Commerce Department on Monday unexpectedly showed a slight decrease in U.S. construction spending in the month of May. The Commerce Department said construction spending edged down by 0.1 percent to an annual rate of $2.140 trillion in May after rising by 0.3 percent to a revised rate of $2.142 billion in April.
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123 days ago
U.S. Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction In June
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI edged down to 48.5 in June from 48.7 in May, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.1.
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123 days ago
Dollar Index Edges Up Amidst Softer PCE Data
The Dollar Index recorded minor gains during the week ended June 28 in the backdrop of a softening in PCE-based inflation readings.
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123 days ago
WestJet Confirms Withdrawal Of Aircraft Mechanics Fraternal Association's Strike Action
WestJet Airline Ltd. (WJA.TO) confirmed on Monday that the Aircraft Mechanics Fraternal Association (AMFA) have withdrawn their strike action and the members will immediately return to work as scheduled to restore the network.
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123 days ago
Eurozone Manufacturing Activity Deteriorates In June
Euro area manufacturing activity contracted in June amid faster contractions in output, new orders and employment, the latest HCOB Purchasing Managers' survey data compiled by S&P Global showed on Monday. The manufacturing Purchasing Managers' Index, or PMI, fell to 45.8 in June from May's 14-month high of 47.3. The flash score was 45.6.
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123 days ago
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