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Bank Of Japan Minutes On Tap For Friday
Japan will on Friday release the minutes from its monetary policy meeting on October 27-28, highlighting a busy day for Asia-Pacific economic activity.
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Dollar Gains Against Most Of Its Rivals On Rate Hike Bets
The U.S. dollar climbed higher against most of its major rivals on Thursday after data showing an unexpectedly bigger jump in the nation's economic activity in the third quarter raised prospects of the Federal Reserve continuing its interest rate hikes in the coming months.
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Swiss Market Ends Moderately Lower
After a flat start and a subsequent uptick, the Switzerland stock market slipped into the red Thursday morning, and stayed weak right through the day's session to eventually close on a negative note.
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European Stocks Close Lower On Growth Worries
European stocks closed lower on Thursday as worries about recession and interest rate hikes returned to haunt sentiment, outweighing optimism about earnings.
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Canadian Market Down Sharply At Noon
The Canadian market is down sharply in negative territory around noon on Thursday on widespread selling amid concerns about economic slowdown.
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U.S. Dollar Spikes Up As Strong GDP Data Raises Fed Rate Hike Prospects
The U.S. dollar was higher against its major counterparts in the New York session on Thursday, as the nation's economic activity unexpectedly jumped more than previously estimated in the third quarter, bolstering the case for further monetary tightening from the Federal Reserve in the coming months.
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U.S. Leading Economic Index Slumps More Than Expected In November
The Conference Board released a report on Thursday showing a continued slump by its reading on leading U.S. economic indicators in the month of November. The report said the leading economic index tumbled by 1.0 percent in November after sliding by a revised 0.9 percent in October.
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U.S. GDP Growth Unexpectedly Upwardly Revised To 3.2% In Q3
U.S. economic activity unexpectedly jumped more than previously estimated in the third quarter, according to revised data released by the Commerce Department on Thursday. The report showed the surge in real gross domestic product in the third quarter was upwardly revised to 3.2 percent from the previously reported 2.9 percent.
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U.S. Weekly Jobless Claims Inch Up Less Than Expected To 216,000
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended December 17th. The report said initial jobless claims crept up to 216,000, an increase of 2,000 from the previous week's revised level of 214,000.
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Bank Indonesia Slows Rate Hikes As Inflation Remains High
Indonesia's central bank decided to raise its key interest rate for the fifth policy session at its December meeting, though at a slower pace than in the previous months, as inflation came off slightly from highs due to a modest easing in energy prices and the pace of economic growth is forecast to slow next year in the backdrop of a global slowdown.
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U.S. GDP Unexpectedly Jumps More Than Previously Estimated In Q3
U.S. economic activity unexpectedly jumped more than previously estimated in the third quarter, according to revised data released by the Commerce Department on Thursday.
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U.S. Weekly Jobless Claims Inch Up To 216,000
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended December 17th.
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Bay Street Likely To See Cautious Open
The Canadian market is likely to open on a cautious note on Thursday with investors looking for direction.
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