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UK Economy Returns To Growth On Services, Production
The UK economy recovered as expected in November supported by services and production, but the growth was not sufficient to soothe recession fears as even a slight downturn in December will result in two consecutive quarters of contraction. Real gross domestic product expanded 0.3 percent in November, offsetting the 0.3 percent decrease in October, the Office for National Statistics said Friday.
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vor 582 Tagen
U.S. Producer Prices Unexpectedly Edge Down 0.1% In December
Producer prices in the U.S. unexpectedly edged slightly lower in the month of December, according to a report released by the Labor Department on Friday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in December, matching a revised dip in November.
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vor 582 Tagen
Citigroup Slips To Loss In Q4, But Adj. EPS Tops Estimates
Citigroup Inc. (C) reported Friday a net loss to common shareholders of $2.14 billion or $1.16 per share for the fourth quarter, compared to net income of $2.18 billion or $1.16 per share in the prior-year quarter.
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vor 582 Tagen
Bay Street Likely To Open Higher On Firm Oil, Gold Prices
Canadian shares may open higher Friday morning, tracking rising crude oil and bullion prices. A mixed batch of earnings updates from major U.S. banks may limit market's upside.
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vor 582 Tagen
JPMorgan Q4 Profit Down 15%, But Results Top Estimates
US investment bank JPMorgan Chase reported Friday a profit for the fourth quarter that decreased 15 percent from last year, reflecting double-digit net interest income growth, boosted by higher interest rates. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.
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vor 582 Tagen
Bank Of America Q4 Profit Plunges, But Tops Estimates
Bank of America Corp. (BAC) reported Friday that net income applicable to common shareholders for the fourth quarter plunged to $2.84 billion or $0.35 per share from $6.90 billion or $0.85 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $0.70 per share.
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vor 582 Tagen
Sensex, Nifty Rally Led By IT Stocks
Indian shares posted strong gains on Friday, helped by a sharp rally in IT stocks.
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vor 582 Tagen
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European Shares Rally On Rate Cut Expectations
European stocks advanced on Friday, following dovish comments from European Central Bank (ECB) President Christine Lagarde who said the central bank will start lowering rates once inflation heads back to the 2 percent goal.
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vor 582 Tagen
FTSE 100 Climbs As GDP Rebounds In November
U.K. stocks advanced on Friday as a jump in crude prices boosted energy stocks.
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vor 582 Tagen
Deflation Persists In China; Exports Rise
Consumer prices in China fell for the third straight month in December highlighting the risk of deflation, while exports expanded more than expected despite the weak global trade.
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vor 582 Tagen
CAC 40 Gains After Lagarde Comments On Rate Cuts; Airbus Rallies 2%
French stocks rose on Friday as investors cheered dovish comments from European Central Bank (ECB) President Christine Lagarde on possible rate cuts.
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vor 582 Tagen
DAX Rallies On Rate Cut Bets
German stocks rallied on Friday despite signs of an escalation in the conflict in the Middle East.
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vor 582 Tagen
Asian Shares Mostly Lower After Mixed China Data; Nikkei Extends Rally
Asian stocks ended mostly lower on Friday as strong U.S. inflation data dented hopes of an early cut in interest rates and oil prices jumped amid signs of an escalating conflict in the Red Sea region.
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vor 582 Tagen
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