Forex Nyheter
Hong Kong Shares May Head South Again On Friday
The Hong Kong stock market bounced higher again on Thursday, one session after ending the three-day winning streak in which it had rallied almost 800 points or 4.4 percent. The Hang Seng Index now sits just above the 19,375-point plateau although it's likely to open under water on Friday.
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China Bourse May Surrender Support At 3,100 Points
The China stock market on Thursday snapped the three-day losing streak in which it had slumped almost 35 points or 1.1 percent. The Shanghai Composite Index now sits just above the 3,120-point plateau although it's likely to open in the red again on Friday.
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Taiwan Stock Market Due For Profit Taking
The Taiwan stock market has tracked higher in five straight sessions, advancing more than 750 points or 3.8 percent along the way. The Taiwan Stock Exchange now sits just above the 21,300-point plateau although investors figure to lock in gains on Friday.
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Renewed Selling Pressure Tipped For Singapore Shares
The Singapore stock market rebounded on Thursday, one day after snapping the four-day winning streak in which it had advanced almost 50 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,305-point plateau although it may head south again on Friday.
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Malaysia Bourse May Hand Back Thursday's Gains
The Malaysia stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had picked up more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it's likely to see renewed consolidation on Friday.
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Rally May Stall For South Korea Stock Market
The South Korea stock market has moved higher in back-to-back sessions, advancing more than 25 points or 1 percent along the way. The KOSPI now sits just above the 2,750-point plateau although it may spin its wheels on Friday.
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China Data On Tap For Friday
China is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April figures for industrial production, retail sales, fixed asset investment and unemployment.
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TSX Ends Marginally Up
Canadian stocks remained subdued for almost the entire duration of the day's session on Thursday as investors largely refrained from making significant moves.
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Dollar Rebounds, Gains Against Major Counterparts
The U.S. dollar climbed higher on Thursday, recovering from recent losses, lifted by data showing an increase in import prices, and hawkish comments from a couple of Fed officials.
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Swiss Market Ends On Firm Note On Strong Earnings Updates
Swiss stocks stayed firm right through the day's trading session on Thursday thanks to sustained buying at several counters as investors reacted to earnings updates.
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European Stocks Close Lower As Weak Earnings Weigh
European stocks closed lower on Thursday, as some disappointing earnings updates outweighed optimism about interest rate cuts, rendering the mood a bit cautious.
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U.S. Industrial Production Unexpectedly Unchanged In April
With a surge in utilities output offset by decreases in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial production came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.
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Philly Fed Index Indicates Notably Slower Growth In May
Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to 4.5 in May from 15.5 in April, although a positive reading still indicates growth.
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