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Australia Import, Export Price Data Due On Thursday
(RTTNews) - Australia will on Thursday release Q4 figures for import and export prices, highlighting a light day for Asia-Pacific economic activity. In the third quarter, import prices were down 1.4 percent on quarter and export prices fell 4.3 percent.
New Zealand will see December data for imports, exports and trade balance. In November, imports were worth NZ$6.92 billion and exports were at NZ$6.48 billion for a trade deficit of NZ$437 million.
Finally, most of the Asia-Pacific markets remain closed on Thursday for the Lunar New Year, including South Korea, Malaysia, Singapore, Taiwan, China and Hong Kong.
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Swiss Market Ends Moderately Higher
The Switzerland market closed on a firm note on Thursday with several stocks gaining good ground in positive territory thanks to sustained buying support.
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hace 4h 31min
European Stocks Close On Firm Note On Fed Rate Cut Hopes
European stocks closed higher on Thursday as the latest data on U.S. consumer price inflation and unemployment claims boosted the prospects of a rate cut by the Federal Reserve next week. Investors also digested the European Central Bank's decision to hold rates.
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hace 4h 52min
TSX Continues To Climb New Highs As Rate Cut Hopes Rise
The Canadian market is up firmly in positive territory around noon on Thursday, led by strong gains in financials, real estate, consumer discretionary and industrials stocks.
Rising prospects of a rate cut by the Federal Reserve following data showing the annual growth of consumer prices in the U.S. came in line with estimates, and signs of weakness in the labor market, help undermine sentiment.
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hace 5h 50min
ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced
European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.
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hace 6h 1min
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
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hace 8h 11min
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected
Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
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hace 8h 16min
Turkish Central Bank Cuts Key Rates Sharply For Second Time
Turkey's central bank slashed its key interest rates for the second straight meeting on Thursday citing slowdown in the underlying trend of inflation. The Monetary Policy Committee of the Republic of Turkey decided to reduce the policy rate to 40.5 percent from 43.0 percent. Previously, the bank had reduced the rate by 300 basis points in July.
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hace 8h 29min
U.S. Weekly Jobless Claims Unexpectedly Climb To 263,000
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday.
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hace 9h 29min
