Forex News
Japan Q1 GDP Unrevised At -0.5% On Quarter
Japan's gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Monday - matching forecasts and unrevised from last month's advance estimate.
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150 days ago
Singapore Shares May Extend Friday's Losses
The Singapore stock market ticked lower again on Friday, one day after ending the two-day slide in which it had slumped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,330-point plateau and the losses may accelerate on Monday.
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150 days ago
Malaysia Shares May Run Out Of Steam On Monday
The Malaysia stock market has moved higher in two straight sessions, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau although it's looking at a soft start on Monday.
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150 days ago
Rally May Stall For South Korea Stock Market
The South Korea stock market has moved higher in back-to-back sessions, collecting more than 60 points or 2.3 percent along the way. The KOSPI now rests just above the 2,720-points plateau, although it may run out of steam on Monday.
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151 days ago
Japan GDP Data Due On Monday
Japan will on Monday release final Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to fall 0.5 percent on quarter and 2.0 percent on year after adding 0.1 percent on quarter and 0.4 percent on year in the three months prior.
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151 days ago
TSX Falls 1% As Materials Shares Tumble
The Canadian market ended notably lower on Friday, hurt by sharp losses in materials and real estate sectors. Fading hopes of a rate cut by the Federal Reserve in September following data showing a stronger than expected growth in U.S. non-farm payroll employment weighed as well.
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153 days ago
Dollar Rises Sharply Against Major Counterparts After Upbeat Jobs Data
The U.S. dollar gained significant ground against several major currencies on Friday as an interest rate cut in September faded a bit after data from the Labor Department showed a stronger than expected increase in the nation's non-farm payroll employment.
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153 days ago
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U.S. Consumer Credit Climbs Much Less Than Expected In April
Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.
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153 days ago
Why Do Economists Think Jobs Report Could Delay Fed Rate Cuts?
The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000 jobs.
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153 days ago
Swiss Market Ends Marginally Up
The Switzerland market ended slightly higher on Friday after a choppy session, as investors largely refrained from making significant moves.
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153 days ago
European Stocks Close Lower As Investors Move Past ECB Rate Cut, Digest U.S. Jobs Data
European stocks closed lower on Friday as the euphoria over an interest rate cut by the European Central Bank subsided a bit, and expectations of an early interest rate cut by the Federal Reserve faded a bit after data showed a much stronger than expected growth in U.S. non-farm payroll employment in May.
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153 days ago
U.S. Dollar Higher As Rate Cut Bets Ease After Strong Jobs Data
The U.S. dollar firmed against its major counterparts in the New York session on Friday, as stronger-than-expected jobs data for May reduced hopes of an interest rate cut by the Federal Reserve in September.
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153 days ago
Canadian Market Weighed Down By Losses In Materials Sector
The Canadian market is down in negative territory around noon on Friday, weighed down by losses in materials section due to weak metal prices. Investors are also digesting the jobs data from Canada and the U.S.
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153 days ago
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