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U.S. Consumer Sentiment Unexpectedly Deteriorates In February
Consumer sentiment in the U.S. unexpectedly deteriorated in the month of February, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for February was downwardly revised to 76.9 from the previously reported 79.6. Economists had expected the reading to be unrevised.
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vor 544 Tagen
Swiss Market Ends On Firm Note On Strong Retail Sales Data
Swiss stocks turned in a fairly steady performance on Friday on upbeat retail sales data, and amid optimism the Federal Reserve will announce an interest-rate cut in June.
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vor 544 Tagen
Fed Notes Inflation Has Eased Substantially But Remains Above Target
The Federal Reserve released its semi-annual monetary policy report to Congress on Friday, noting that inflation has eased substantially over the past year but remains above the central bank's 2 percent objective.
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vor 544 Tagen
European Stocks Close Higher On Positive Reaction To Eurozone Inflation Data
European stocks closed broadly higher on Friday as data showed eurozone inflation fell in February, albeit less than expected. Optimism about the Federal Reserve and the European Central Bank cutting their interest rates in June helped underpin sentiment.
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vor 544 Tagen
U.S. Dollar Drops As Weak Economic Data Boosts Rate Cut Hopes
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weak manufacturing and consumer confidence data for February increased the possibility of a rate cut in June.
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vor 544 Tagen
BoE's Pill Says Cutting Bank Rate Remains Some Way Off
Bank of England Chief Economist Huw Pill said on Friday that an interest rate cut from the U.K. central bank was not imminent. "...in my baseline scenario the time for cutting Bank Rate remains some way off," Pill said in a speech in Cardiff.
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vor 544 Tagen
Kansas City Fed Services Activity Index Jumps Into Positive Territory In February
Service sector activity in the middle of the U.S. saw a notable turnaround in the month of February, according to a report released by the Federal Reserve Bank of Kansas City on Friday.
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vor 544 Tagen
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U.S. Manufacturing Activity Unexpectedly Contracts At Faster Rate In February
Manufacturing activity in the U.S. unexpectedly contracted at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI dipped to 47.8 in February from 49.1 in January, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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vor 544 Tagen
U.S. Consumer Sentiment Index For February Unexpectedly Downwardly Revised
Consumer sentiment in the U.S. unexpectedly deteriorated in the month of February, according to revised data released by the University of Michigan on Friday.
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vor 544 Tagen
U.S. Dollar Eases After Economic Data
At 10 am ET Friday, ISM manufacturing PMI, U.S. construction spending and University of Michigan's final consumer sentiment index have been released. After the data, the greenback pulled back against its major counterparts.
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vor 544 Tagen
U.S. Construction Spending Unexpectedly Dips 0.2% In January
A report released by the Commerce Department on Friday unexpectedly showed a modest decrease in U.S. construction spending in the month of January.
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vor 544 Tagen
U.S. Manufacturing Index Unexpectedly Dips To 47.8 In February
Manufacturing activity in the U.S. unexpectedly contracted at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Friday.
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vor 544 Tagen
Canadian Market In Positive Territory As Investors React To Earnings
The Canadian market got off to a slightly positive start and moved further up in early trades Friday morning thanks to gains in energy and technology stocks. Optimism about an interest rate cut by the Federal Reserve in June, and higher crude oil and gold prices are aiding sentiment.
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vor 544 Tagen
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