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Canadian Stocks Up Firmly After Long Losing Streak, Set To End On Bright Note
Canadian stocks are firmly up in positive territory on Friday, rebounding strongly with investors indulging in some hectic bargain hunting after six straight days of losses.
The market's rise is also due to the positive reaction to the Federal Reserve's preferred readings on consumer price inflation.
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Před 250 dny
U.S. Dollar Drops After Soft PCE Inflation Data
The U.S. dollar declined against its major counterparts in the New York session on Friday, as a slowdown in PCE inflation for November bolstered the prospect of slower pace of rate cuts by the Federal Reserve next year.
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Před 250 dny
Swiss Market Ends Modestly Lower
Swiss stocks found some support in late afternoon trades on Friday, but still ended the day's session on a weak note.
The mood remained cautious amid concerns about the outlook for global economy in the wake of tariff threats by the U.S., fears of a U.S. government shutdown, and recent hawkish comments from the Fed that interest rate cuts will be fewer next year than earlier forecast.
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Před 250 dny
European Stocks Close Lower Again
European stocks closed lower on Friday, extending losses from the previous session, as concerns about political uncertainty in some major European countries, fears of a U.S. government shutdown, and potential tariffs on the European Union weighed on sentiment.
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Před 250 dny
U.S. Consumer Sentiment Improves In Line With Preliminary Estimate In December
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. improved in line with its preliminary estimate in the month of December. The report said the consumer sentiment index for December was unrevised from the preliminary estimate of 74.0, in line with economists' expectations. The consumer sentiment index increased from 71.8 in November.
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Před 250 dny
U.S. Consumer Prices Inch Higher In November, Annual Growth Accelerates Slightly Less Than Expected
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices to increase by another 0.2 percent.
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Před 250 dny
U.S. Consumer Prices Inch Up Slightly Less Than Expected In November
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday.
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Před 250 dny
more news
UK Retail Sales Rise Less Than Forecast
UK retail sales grew for the first time in three months in November but the pace of expansion was weaker than expected as consumers were cautious in the wake of government's first budget. A closely watched survey showed that retailers reported a moderate fall in retail sales in December despite festive season and they forecast another decrease in January.
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Před 250 dny
Bay Street Looks Headed For Weak Start
Lower U.S. and Canadian futures, a sell-off in European markets and weak crude oil prices point to a negative start for the Canadian market on Friday. Fears of a U.S. government shutdown and tariff hike concerns may weigh as well.
Canadian retail sales data and U.S. PCE reading are set to significantly impact sentiment.
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Před 250 dny
Russia Central Bank Unexpectedly Holds Key Rate
Russia's central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike.
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Před 250 dny
UK Car Manufacturers Report Worst Production For November Since 1980
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline.
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Před 250 dny
FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut
Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and revenue view after reporting weak results in its second
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Před 250 dny
Sensex, Nifty Extend Decline For Fifth Day
Indian shares fell sharply on Friday to extend losses for a fifth day running as the dollar and U.S. Treasury yields remained elevated amid expectations for prolonged high U.S. interest rates.
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Před 250 dny
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