Forex News
Canadian Market Holds Early Gains, Looks Headed For Firm Close
After a positive start and a subsequent retreat, the Canadian market is up again on Wednesday, with st0cks from utilities, real estate and technology sectors gaining ground on strong buying support.
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4h 40min ago
Swiss Market Ends On Strong Note
The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive.
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6h 0min ago
European Stocks Close Higher On Encouraging European, US Economic Data
European stocks closed broadly higher on Wednesday after data showing less than expected rise in U.S. consumer prices in the month of April helped ease concerns about the outlook for interest rates.
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6h 12min ago
Soft Inflation Data, Retail Sales Pull Down U.S. Dollar
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
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6h 59min ago
U.S. Business Inventories Edge Down In Line With Estimates In March
The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.
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8h 26min ago
U.S. Homebuilder Confidence Unexpectedly Slumps In May
With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to come in unchanged.
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8h 44min ago
New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction.
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9h 7min ago
more news
U.S. Retail Sales Unexpectedly Flat In April Amid Decrease In Auto Sales
With a decrease in sales by motor vehicle and parts dealers offsetting increases in sales by other retailers, the Commerce Department released a report on Wednesday showing U.S. retail sales unexpectedly came in flat in the month of April. The Commerce Department said retail sales were virtually unchanged in April after climbing by a downwardly revised 0.6 percent in March.
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9h 21min ago
U.S. Consumer Prices Rise 0.3% In April, Slightly Less Than Expected
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose by slightly less than expected in the month of April. The Labor Department said its consumer price index increased by 0.3 percent in April after rising by 0.4 percent in March. Economists had expected consumer prices to climb by another 0.4 percent.
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9h 54min ago
Uber Eats Partners Blitz Motors In London For Sustainable Food Delivery
Food delivery platform Uber Eats announced Wednesday a partnership with Blitz Motors, a smart electric moped supplier, to revolutionize last-mile delivery services in London and accelerate its commitment to sustainability and transformation.
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10h 3min ago
New York Manufacturing Index Unexpectedly Edges Lower In May
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May.
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10h 35min ago
Ultra Clean Holdings Appoints Harjinder Bajwa As COO
Ultra Clean Holdings Inc. (UCTT) announced Wednesday that it has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Bajwa will be based in Singapore.
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10h 36min ago
U.S. Retail Sales Unexpectedly Unchanged In April
Retail sales in the U.S. unexpectedly came in flat in the month of April, according to a report released by the Commerce Department on Wednesday.
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10h 37min ago