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Swiss Market Ends Modestly Higher
After a good spell till an hour past noon, Swiss stocks retreated, but emerged higher in the final hour thanks to selective buying to end the day's session on a positive note.
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European Stocks Close Lower On Weak Economic Data
European stocks closed weak on Wednesday, weighed down by data showing a drop in eurozone economic sentiment in the month of December, and decline in German retail sales and factory orders.
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Euro Falls On Tariff Concerns
The euro dropped against its most major counterparts in the New York session on Wednesday on concerns that implementation of new tariffs by the incoming Donald Trump administration could lift inflation.
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U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates
Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
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U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
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U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
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U.S. Weekly Jobless Claims Unexpectedly Dip To 201,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th.
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more news
Amazon's AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure
Amazon Web Services or AWS, affiliated to tech major Amazon.com Inc., announced its plan to invest at least $11 billion in the U.S. state of Georgia, aiming to expand infrastructure to support cloud computing and artificial intelligence technologies. The landmark investment in Butts and Douglas counties, which is expected to create at least 550 new high-skilled jobs, would enhance Georgia's...
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U.S. Private Sector Employment Climbs Less Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday.
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Eurozone Economic Sentiment Deteriorates Sharply
Euro area economic confidence deteriorated to the lowest in more than a year in December as the improvement in services sentiment was offset by weaker morale in industry, construction and among consumers. The economic sentiment index dropped more-than-expected to 93.7 in December from 95.6 in the previous month.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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Bay Street Likely To Open On Cautious Note
The Canadian market is likely to open on a cautious note on Wednesday with investors awaiting the release of the minutes from the Federal Reserve's most recent monetary policy meeting. Any significant move up or down looks unlikely and trading may remain a bit lackluster for much of the day's session.
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U.S. Dollar Rises On Hawkish FOMC Rate Outlook
The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as traders await the minutes of the Federal Open Market Committee (FOMC) meeting, scheduled for release later in the day.
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