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U.S. Import Prices Climb 0.4% In March, Slightly More Than Expected
Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Economists had expected import prices to increase by another 0.3 percent.
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vor 518 Tagen
U.S. Import Prices Climb Slightly More Than Expected In March
Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday.
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vor 518 Tagen
Bay Street Likely To Open Higher On Firm Commodities, European Stocks
Canadian shares may open higher on Friday, tracking firm crude oil and bullion prices, and strong European markets on the back of some encouraging economic data.
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vor 518 Tagen
JPMorgan Q1 Profit Up 6%, Results Top Estimates
US investment bank JPMorgan Chase reported Friday a profit for the first quarter that grew six percent from last year, driven by double-digit net interest income growth and lower provisions for credit losses. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.
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vor 518 Tagen
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China
Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
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vor 518 Tagen
JPMorgan Chase Q1 Results Top Estimates
US investment bank JPMorgan Chase & Co. (JPM) reported Friday that net income for the first quarter increased to $13.42 billion or $4.44 per share from $12.62 billion or $4.10 per share in the prior-year quarter.
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vor 518 Tagen
UK Economy Expands For Second Month
The UK economy expanded for the second straight month in February suggesting that it is set to move out of a technical recession, thanks to the rebound in manufacturing output. Real gross domestic product edged up 0.1 percent on a monthly basis in February, the Office for National Statistics said Friday. The growth for January was revised higher to 0.3 percent from 0.2 percent.
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vor 518 Tagen
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Sensex, Nifty Tumble On Fed Uncertainty, Geopolitical Tensions
Indian shares fell sharply on Friday as hotter-than-expected U.S. CPI data for March coupled with hawkish comments from a slew of Federal Reserve officials stoked fresh uncertainty around Fed easing this year.
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vor 518 Tagen
European Shares Surge On Rate Cut Bets
European stocks rallied on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June.
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vor 518 Tagen
Singapore Keeps Monetary Policy Unchanged On Inflation Concerns; GDP Growth Disappoints
Singapore central bank left its monetary policy stance unchanged as core inflation is projected to stay elevated in the immediate quarters ahead, while the economy logged a weaker-than-expected growth on softer manufacturing and construction activity. The Monetary Authority of Singapore decided to retain the prevailing rate of appreciation of the S$NEER policy band.
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vor 518 Tagen
FTSE 100 Rallies Led By Commodity Stocks
U.K. stocks were sharply higher on Friday as higher commodity prices lifted mining and energy stocks.
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vor 518 Tagen
CAC 40 Climbs As Inflation Worries Ease
French stocks traded sharply higher on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June.
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vor 518 Tagen
DAX Rallies Amid Rate Cut Bets
German stocks rallied on Friday, a day after the European Central Bank opened the door to a rate cut in June.
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vor 518 Tagen
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