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Malaysia Stock Market May Find Traction On Thursday
The Malaysia stock market has moved lower in three straight sessions, sinking almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,460-point plateau although it's due for support on Thursday.
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South Korea Bourse Set To End Losing Streak
The South Korea stock market has finished lower in five straight sessions, sinking almost 75 points or 3.2 percent along the way. The KOSPI now rests just beneath the 2,330-point plateau although it's finally tipped to open in the green on Thursday.
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Indonesia Rate Decision Due On Thursday
The central bank in Indonesia will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank's benchmark lending rate currently sits at 5.25 percent.
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South Korea Producer Prices Slip 0.2% In November
Producer prices in South Korea were down 0.2 percent on month in November, the Bank of Korea said on Thursday.
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TSX Ends On Buoyant Note On Positive Global Cues
Canadian stocks ended on a buoyant note on Wednesday thanks to sustained buying at several counters right through the day's session.
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Dollar Stays Firm Against Major Rivals
The U.S. dollar stayed firm against most of its major counterparts on Wednesday amid bets the Federal Reserve will continue to stay a bit aggressive with regard to interest rate hikes in the coming months.
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Swiss Market Ends On Buoyant Note On All-round Buying
The Switzerland stock market ended on a buoyant note on Wednesday, in line with markets across Europe, due largely on bargain hunting after recent losses.
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European Stocks Close On Buoyant Note
European stocks closed on a strong note on Wednesday with traders indulging in some hectic bargain hunting at reduced levels after recent losses.
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Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory a little past noon on Wednesday, with stocks from across several sectors posting strong gains.
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U.S. Consumer Confidence Improves Much More Than Expected In December
Consumer confidence in the U.S. has seen a significant improvement in the month of December, according to a report released by the Conference Board on Wednesday. The Conference Board said its consumer confidence index spiked to 108.3 in December from an upwardly revised 101.4 in November.
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U.S. Existing Home Sales Extend Nosedive Amid Higher Mortgage Rates
Partly reflecting the recent surge in mortgage rates, the National Association of Realtors released a report on Wednesday showing a continued slump in U.S. existing home sales in the month of November.
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Australian Dollar Strengthens As U.S. Stocks Climb
The Australian dollar advanced against its major counterparts in the European session on Wednesday, as strong earnings results from Nike and FedEx lifted sentiment.
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Cintas Boosts FY23 Outlook As Q2 Results Top Estimates
Business services company Cintas reported on Wednesday that profit for the second quarter grew 10 percent from last year, driven by improved margins and double-digit revenue growth. Both earnings per share and revenues topped analysts' expectations. The company also raised its earnings and revenue outlook for the full-year 2023.
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