The Chinese firm Didi, one of the largest private transport companies globally, presented the documents for its IPO in New York on Thursday. It could obtain a valuation of more than $70 billion by some estimates. Didi is something like the Chinese equivalent of Uber. According to analysts, it may become one of the biggest …
Chinese transport giant Didi prepares to go public in NY Read More »
The Southeast Asian stock markets ended this Wednesday with the majority of increases. It happened at a time of caution due to the forthcoming publication of economic indicators in the US. It may offer clues on inflation and the next movements of that country’s central bank. The Manila stock market led the increases, touching the …
The Seoul Stock Exchange fell slightly today. The Kospi, its main indicator, showed a 0.13% decline in a day. The South Korean selective lost 4.29 points on Tuesday to stand at 3,247.83 units. Meanwhile, the Kosdaq technology stock index gained 0.03%, or 0.26 points, to close at 986.12 units. The Kospi became positive during the …
China’s trade with the rest of the world increased by 26.9% year-on-year in May. However, such good data did not prevent the benchmark index of the Hong Kong Stock Exchange from closing today with a loss of 0.45%. Although the year-on-year data for Chinese trade is positive, imports from the Asian country registered a fall …
The Southeast Asian stock markets closed the week’s last session with most falls, except for Vietnam and the Philippines. Investors are pending US employment data and the Fed chairman’s conference. The Ho Chi Minh stock market was the one that rose the most. It consolidated its upward trend in recent days, while all the decreases …
Southeast Asian stocks closed with the majority of decreases Read More »
Southeast Asian stock markets ended Thursday’s session with mixed results. Malaysia and the Philippines experienced losses as investors await the release of US economic data tomorrow. The Ho Chi Minh trading floor advanced strongly. The Bangkok market did not operate today because it is a public holiday in Thailand. In Singapore, the city-state stock market …
Stocks globally reached their records on Tuesday. At the same time, the dollar almost reached its recent lows as markets awaited jobs data in the US. Besides, central bank meetings in the US and the EU should guide the interest rates outlook. Asia-Pacific shares outside Japan touched a three-month high. However, the profits were pulled …
Stocks hover around record highs as traders wait for data Read More »
The Southeast Asian stock markets closed the session on Tuesday with the majority of increases, except for Manila. The Philippine stock market was the only one that ended in the red, although the fall was minimal, just 0.02%. At the same time, the most substantial rise occurred in Bangkok, which increased by more than 1.5%. …
The main event this week will be the May nonfarm payrolls event. Due to the Memorial Day holiday, the week has shortened. However, there are several important factors to consider in the market, so let’s look at the economic calendar. May jobs report on Friday May jobs report is forecast to be published on Friday. …
On Monday, the Memorial Day holiday is celebrated in the US, which will keep the stock market closed. In the month as a whole, the Dow Jones Industrials advanced by 1.9%. The selective S&P 500 gained 0.6%. Both stock markets achieved their fourth consecutive month of gains. Meanwhile, the Nasdaq index has lost 1.5% of its value. …
The Federal Reserve has insisted that the current pace of inflation is unlikely to be sustained after the initial burst of activity associated with the reopening of the economy. Despite considering that the price increase will be “transitory,” several central bank participants begin to discuss a plan to adjust the rate of purchase of assets …
Global Stocks trade mixed with inflation in focus Read More »
The Seoul Stock Exchange closed today with a 0.48% rise in Kospi, its main indicator. The session advanced with the idea that the increase in prices registered in the US could only be temporary and would allow Fed policy to remain intact. The selective South Korean Kospi gained 15.19 points on Monday to stand at …
Seoul gains on the idea that inflation may be temporary Read More »
The Southeast Asian stock markets ended their sessions this Friday with rises. It resulted from optimism due to the signs of economic recovery in the United States. Besides, there is still caution in the face of the new wave of the COVID-19 in Asia. Among the Asian stock exchanges that ended the day with gains, …
Southeast Asian stock markets closed higher, except Bangkok Read More »
Wall Street closed in green this Wednesday. Its main indicator, the Dow Jones of Industrials, rose by a slight 0.03% as fears of the increase in inflation in the United States eased. At the close of the New York Stock Exchange session, the Dow Jones added 10.59 points to 34,323.05. At the same time, the …
Wall Street ended in green and the Dow Jones rose by 0.03% Read More »
European stocks ended the trading week higher on Monday, as investors continued to be concerned about inflation and geopolitics. Markets in Germany, Switzerland, Denmark, Norway, Belgium, and Austria were closed for the Whit Monday public holiday, making for a quieter trading day in Europe. The FTSE 100 in the United Kingdom and the CAC 40 …
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