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KOSPI Tipped To Add To Its Winnings Again On Wednesday
The South Korea stock market has finished higher in back-to-back sessions, gathering almost 10 points or 0.3 percent along the way. The KOSPI now sits just above the 2,865-point plateau and it's expected to open in the green once again on Wednesday.
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New Zealand Inflation Data Due On Wednesday
New Zealand will on Wednesday see Q2 numbers for consumer prices, highlighting a modest ay for Asia-Pacific economic activity.
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TSX Posts Record Closing High On Soft Inflation Data
The Canadian market climbed to fresh intraday and closing highs on Tuesday as soft inflation data raised expectations of an interest rate cut by the Bank of Canada next week.
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Dollar Rises On Retail Sales Data
The U.S. dollar climbed higher on Tuesday thanks to data showing stronger than expected retail sales and import prices data, but pared gains subsequently and turned a bit weak against some of its major counterparts.
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Swiss Market Ends Marginally Down
The Switzerland market ended marginally down on Tuesday after languishing in negative territory right through the day's session, as investors refrained from making significant moves amid a lack of triggers.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Tuesday with investors making largely cautious moves ahead of some key economic data from the region, including readings on inflation.
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TSX Rises To Fresh Record High, Eyes 23k Mark
The Canadian market is up firmly in positive territory Tuesday morning, with soft inflation data triggering strong buying at several counters. The benchmark S&P/TSX Composite, which has hit a fresh record high, looks well on course to move past the 23k milestone.
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more news
U.S. Homebuilder Confidence Unexpectedly Edges Lower In July
With high mortgage rates continuing to put a damper on sentiment, the National Association of Home Builders released a report on Tuesday showing homebuilder confidence in the U.S. unexpectedly edged lower in the month of July. The report said the NAHB/Wells Fargo Housing Market Index dipped to 42 in July from 43 in June. Economists had expected the index to inch up to 44.
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U.S. Business Inventories Climb More Than Expected In May
Business inventories in the U.S. increased by more than expected in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories climbed by 0.5 percent in May after rising by 0.3 percent in April. Economists had expected business inventories to grow by another 0.3 percent.
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U.S. Import Prices Unexpectedly Flat In June, Jump 1.6% Year-Over-Year
The Labor Department released a report on Tuesday showing import prices in the U.S. were unexpectedly flat in the month of June. The report said import prices were unchanged in June after dipping by a revised 0.2 percent in May. Economists had expected import prices to rise by 0.2 percent compared to the 0.4 percent decrease originally reported for the previous month.
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U.S. Retail Sales Unchanged In June As Auto, Gas Station Sales Slump
With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June. The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May. Economists had expected retail sales to come in unchanged.
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CSL Behring Says HEMGENIX Receives Positive Canada Reimbursement Decision
CSL Behring Canada Inc., a business unit of Australian biotechnology company CSL Ltd. (CSL.AX, CMXHF.PK), announced Tuesday that the Canadian Agency for Drugs and Technologies in Health (CADTH) Canadian Drug Expert Committee (CDEC) recommended public drug plan reimbursement for HEMGENIX (etranacogene dezaparvovec) for the treatment of eligible adults with hemophilia B (congenital factor IX deficiency) who require routine prophylaxis to prevent or reduce the frequency of bleeding episodes.
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U.K's CMA Opens Probes Against Microsoft's Hiring Of Former Inflection AI Employees
The United Kingdom's Competition and Markets Authority or CMA, announced Tuesday that it has opened an investigation against Microsoft Corp.'s (MSFT) hiring of certain former employees of Inflection AI, Inc. and its entry into associated arrangements with Inflection.
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