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RBA Minutes: Inflation Is Still Too High
Members of the Reserve Bank of Australia's Monetary Policy Board acknowledged that consumer prices remain higher than desired, minutes from the central bank's April 4 monetary policy meeting revealed on Tuesday.
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Steady Start Eyed For Indonesia Stock Market
The Indonesia stock market headed south again on Monday, one session after ending the two-day losing streak in which it had slipped more than 25 points or 0.4 percent. The Jakarta Composite Index now rests just beneath the 6,790-point plateau although it may find traction on Tuesday.
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Hong Kong Shares Due For Consolidation
The Hong Kong stock market has finished higher in three straight sessions, rising almost 475 points or 2.4 percent along the way. The Hang Seng Index now sits just above the 20,780-point plateau although it's likely to open under pressure on Tuesday.
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China Stock Market May Spin Its Wheels On Tuesday
The China stock market has moved higher in two straight sessions, collecting almost 70 points or 2 percent in that span. The Shanghai Composite Index now sits just above the 3,385-point plateau although investors may lock in gains on Tuesday.
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Taiwan Stock Market May Add To Its Winnings
The Taiwan stock market has moved higher in two straight sessions, improving almost 160 points or 1.1 percent in that span. The Taiwan Stock Exchange now rests just above the 15,960-point plateau, and it may see additional support on Tuesday.
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Singapore Bourse Tipped To Open In The Green
The Singapore stock market has moved higher in three straight sessions, collecting more than 30 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,320-point plateau and it may add to its winnings again on Tuesday.
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Malaysia Stock Market Expected To Be Rangebound On Tuesday
The Malaysia stock market turned barely lower again on Monday, one session after ending the two-day slide in which it had slipped not even 2 points or 0.2 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,435-point plateau and it's likely to remain in that neighborhood again on Tuesday.
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more news
South Korea Shares May Extend Winning Streak
The South Korea stock market has moved higher in seven straight sessions, collecting more than 115 points or 4.6 percent along the way. The KOSPI now rests just above the 2,575-point plateau and it may tick higher again on Tuesday.
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China Data On Tap For Tuesday
China is scheduled to release a raft of data on Tuesday, headlining a busy day for Asia-Pacific economic activity. On tap are Q1 numbers for GDP and March figures for industrial production, retail sales, fixed asset investment and unemployment.
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TSX Ends Higher For 7th Straight Session
The Canadian market ended higher on Monday, led by gains in healthcare and real estate sectors.
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Dollar Extends Gains Against Major Counterparts
The U.S. dollar gained against its major counterparts on Monday amid bets the Federal Reserve will raise interest rates next month, and that any cut in rates is likely only later this year.
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Dow, Nasdaq Close Higher As Stocks Move Up In Final Hour
U.S. stocks closed modestly higher on Monday thanks to some hectic buying at several counters in the final hour of the day's session amid hopes major banks and top ranking companies will come out with fairly encouraging earnings updates this week.
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U.S. Stocks Look Headed For Flat Close
U.S. stocks look headed for a flat close on Monday with investors largely making cautious moves as they await earnings updates from banks and economic data, for more clarity about the state of the nation's economy.
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