NEW YORK/LONDON : U.S. stock indexes and the dollar were flat on Tuesday after bellwether companies posted some profit beats but warned of a tough year ahead, while data showed U.S. business activity contracted for the seventh straight month in January.
The three major U.S. stock indexes fell as corporate results from bellwethers including 3M, Johnson & Johnson, Verizon and GE showed some profit beats but warned of a tough year ahead. The Dow Jones Industrial Average rose 0.05 per cent, the S&P 500 lost 0.05 per cent and the Nasdaq Composite added 0.03 per cent.
"For the ECB, this should seal the deal for a 50-basis point hike next week," said ING economists in a note.
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Investing in South Korean stocks to get easier for foreigners in 2023 - regulatorSEOUL : South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market.The Financial Services Commission said in a statement there wa
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Investing in South Korean stocks to get easier for foreigners in 2023: RegulatorSEOUL — South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday (Jan 24), in an effort to bring in more money into the market. The Financial Services Commission said in a statement there was a huge discrepancy between the...
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U.S business activity downturn eases slightly; euro zone back to growthNEW YORK/LONDON : The downturn in U.S. business activity eased slightly in January even as it contracted for the seventh straight month while euro zone business activity made a surprise return to modest growth, as two of the world's major economies hope to avert recession this year, surveys showed on Wednesday.
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