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Australia Wage Price Data Due On Wednesday
Australia will on Wednesday release Q1 figures for its wage price index, highlighting a modest day for Asia-Pacific economic activity. In the three months prior, wage prices rose 0.9 percent on quarter and 4.2 percent on year.
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vor 497 Tagen
TSX Ends Slightly Weak
After staying positive till around mid-morning, Canadian stocks turned weak and spent the rest of the day's session in negative territory on Tuesday with investors looking for directional clues.
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vor 497 Tagen
Dollar Drifts Lower Against Major Counterparts
The U.S. dollar drifted lower on Tuesday despite data showing a bigger than expected increase in the nation's producer price inflation in the month of April and prospects of the Federal Reserve keeping interest rates higher for a longer period.
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vor 497 Tagen
U.S. Dollar Drops Following PPI Data, Powell's Comments
The U.S. dollar declined against its major counterparts in the New York session on Tuesday, following the release of producer inflation data for April and Federal Reserve Chairman Jerome Powell's speech at a banking event in Amsterdam.
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vor 497 Tagen
Swiss Market Ends Marginally Higher Again
Despite spending much of the day's session in negative territory, the Switzerland market ended slightly higher on Tuesday as stocks found some support past mid afternoon and managed to climb above the flat line in the final hour.
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vor 497 Tagen
European Stocks Close Broadly Higher
European stocks closed broadly higher on Tuesday as investors reacted to the latest batch of European and U.S. economic data, and remained largely optimistic about interest rate cut by several central banks.
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vor 497 Tagen
Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Tuesday, with investors largely reacting to earnings updates and digesting latest Canadian and U.S. economic data.
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vor 497 Tagen
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Powell Says Fed Needs To Be Patient As Confidence Inflation Is Slowing Dips
With inflation coming in hotter-than-expected during the first quarter, Federal Reserve Chair Jerome Powell said the central bank needs to be patient with regard to interest rates. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during remarks at the annual general meeting of the Foreign Bankers' Association in Amsterdam on Tuesday.
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vor 497 Tagen
U.S. Producer Price Growth Exceeds Estimates In April
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer prices to rise by 0.3 percent.
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vor 497 Tagen
IHS Holding Slips To Hefty Loss In Q1
IHS Holding Ltd. (IHS) reported Tuesday a net loss attributable to the company for the first quarter of $1.56 billion or $4.67 per share, compared to net income of $7.78 million or $0.03 per share in the prior-year quarter.
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vor 497 Tagen
U.S. Producer Prices Climb More Than Expected In April
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday.
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vor 497 Tagen
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a subdued note Tuesday morning with investors looking for directional clues. Data on U.S. producer price inflation may provide some clues about the outlook for interest rates. The focus will also be on U.S. consumer price inflation data and Fed Chair Jerome Powell's speech due later in the week.
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vor 497 Tagen
German ZEW Investor Confidence Improves More Than Expected
Investor sentiment in Germany grew for a tenth month and at a faster than expected pace in May to its highest level in over two years, on hopes of an interest rate cut by the European Central Bank in June and an increase in export demand from China, results of a survey revealed Tuesday. The ZEW Indicator of Economic Sentiment for Germany climbed to 47.1 from 42.9 in April.
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vor 497 Tagen
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