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U.S. Personal Income Increases In Line With Estimates In April
A report released by the Commerce Department on Friday showed personal income in the U.S. increased in line with economist estimates in the month of April.
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UK Retail Sales Rebound As Weather Improves
UK retail sales rebounded at a stronger-than-expected pace in April after poor weather conditions dampened sales in March, official data revealed Friday. The retail sales volume increased 0.5 percent month-on-month, in contrast to the revised 1.2 percent fall in March, the Office for National Statistics reported. Sales were forecast to grow more moderately by 0.3 percent.
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Bay Street Seen Opening Higher
Canadian shares are likely to open higher Friday morning, tracking steady crude oil and bullion prices, and positive global cues.
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U.S. Dollar Drops On Debt Ceiling Deal Hopes
The U.S. dollar moved down against its major counterparts in the European session on Friday, following news that lawmakers are moving closer to a deal on raising the debt ceiling limit.
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Big Lots Suspends Dividend - Update
While reporting financial results for the first quarter on Thursday, discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the second quarter.
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Sensex, Nifty Rally On US Debt Deal Hopes
Indian shares rallied on Friday and the dollar eased from a two-month high scaled in the previous session after reports suggested that U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years.
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New Zealand Consumer Confidence Remains Extremely Low: ANZ-Roy Morgan Poll
New Zealand's consumer confidence was basically unchanged at an extremely low level in May as households remained under pressure amid a tight labor market and the rising cost of living, results of the monthly ANZ-Roy Morgan survey showed Friday. The ANZ-Roy Morgan consumer confidence index was unchanged at 79.2 in May, the survey showed. A reading below 100 suggests pessimism.
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European Shares Hold Steady As US Default Worries Ease
European stocks held steady on Friday, with optimism over a debt deal in the U.S. and encouraging retail sales data from the U.K. helping underpin investor sentiment to some extent.
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FTSE 100 Marginally Higher As Miners Surge On US Debt Deal Hopes
U.K. shares were seeing marginal gains on Friday after official data showed U.K. retail sales recovered in April driven by food and non-food turnover.
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CAC 40 Holds Steady On US Debt Deal Optimism
French stocks held steady on Friday after reports suggested that U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years.
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DAX Little Changed On US Debt Deal Hopes
German stocks inched lower in cautious trade on Friday after reports suggested that U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling.
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Asian Shares Rise On US Debt Deal Optimism
Asian stocks ended Friday's session broadly higher after reports suggested that U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years.
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Canadian Dollar Slides Amid Crude Oil Prices Drop
The Canadian dollar weakened against other major currencies in the Asian session on Friday, as crude oil prices slid after Russia's Deputy Prime Minister said Russia won't agree on any additional cut in crude production.
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