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TSX Ends Modestly Higher
The Canadian market ended slightly higher on Wednesday, supported by gains in materials and energy stocks thanks to rising bullion and oil prices.
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vor 525 Tagen
Swiss Market Ends Marginally Up After Choppy Ride
The Switzerland market, which stayed in positive territory on Wednesday, save for a few minutes early on in the session and a brief while past noon, ended the day with a marginal gain thanks to some brisk buying at a few counters in the final hour.
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vor 525 Tagen
European Stocks Close Higher On Soft Eurozone Inflation Data
European stocks closed higher on Wednesday, buoyed by data showing a less than expected increase in eurozone consumer price inflation. Markets also benefited by comments from European Central Bank's Robert Holzmann that the central bank might initiate interest rate reductions as early as June as inflation might decline faster than anticipated.
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vor 525 Tagen
Powell Says Fed Has Time To Let Data Inform Policy Decisions
Federal Reserve Chair Jerome Powell reiterated during remarks at Stanford University on Wednesday that the central bank is not in a hurry to begin lowering interest rates. Powell pointed to higher inflation data over January and February as a reason for the Fed to be cautious but acknowledged it is "too soon to say whether the recent readings represent more than just a bump."
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vor 525 Tagen
U.S. Dollar Weakens As ISM Services PMI Unexpectedly Edges Lower
The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the nation's service sector growth unexpectedly slowed in the month of March.
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vor 525 Tagen
Energy, Materials Stocks Lifting Canadian Market
The Canadian market is modestly higher around noon on Wednesday, lifted by gains in healthcare, materials and energy sectors.
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vor 525 Tagen
U.S. Service Sector Growth Unexpectedly Slows In March
Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI dipped to 51.4 in March from 52.6 in February. While a reading above 50 still indicates growth in the sector, economists had expected the index to inch up to 52.7.
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vor 525 Tagen
more news
U.S. Crude Oil Inventories Unexpectedly Show Another Jump
Crude oil inventories in the U.S. unexpectedly saw another significant increase in the week ended March 29th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories shot up by 3.2 million barrels last week, matching the surge seen in the previous week.
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vor 525 Tagen
U.S. Services PMI Unexpectedly Edges Lower In March
Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday.
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vor 525 Tagen
U.S. Private Sector Job Growth Exceeds Estimates In March
Payroll processor ADP released a report on Wednesday showing stronger than expected private sector job growth in the U.S. in the month of March. ADP said private sector employment jumped by 184,000 jobs in March after climbing by an upwardly revised 155,000 jobs in February. Economists had expected private sector employment to increase by 148,000 jobs.
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vor 525 Tagen
U.S. Mortgage Applications Show Another Weekly Decrease
Mortgage applications saw further downside in the week ended March 29th, according to a report released by the Mortgage Bankers Association on Wednesday.
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vor 525 Tagen
Eurozone Inflation Adds To Chances Of Rate Cut In June
Eurozone consumer price inflation as well as core price growth softened in March raising the likelihood of an interest rate cut by the European Central Bank in June, which would mark an end to the aggressive tightening cycle seen in the past few years.The harmonized index of consumer prices registered an increase of 2.4 percent annually, slower than the 2.6 percent rise in February, flash data f
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vor 525 Tagen
Guess? And WHP Global Closes Acquisition Of Rag & Bone
Guess?, Inc. (GES) and global brand management firm WHP Global announced Wednesday that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
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vor 525 Tagen
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