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Dollar Rises Against Major Counterparts
The U.S. dollar firmed against its major counterparts on Thursday on bets the Federal Reserve will keep interest rates unchanged for longer after data showed the central bank's preferred measure of inflation rose in line with expectations.
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Swiss Market Ends On Firm Note
The Switzerland market shrugged off early weakness and moved higher on Thursday, with several big stocks attracting sustained buying interest.
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India GDP Growth Remains Solid At 7.6% In September Qtr
The Indian economy continued to grow at a robust pace in the three months to September, preliminary data from the statistics ministry showed Thursday. Gross domestic product grew 7.6 percent year-on-year following a 7.8 percent increase in the June quarter. Economists had forecast 6.8 percent expansion.
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European Stocks Close On Firm Note On Encouraging Inflation Data
European stocks closed on a firm note on Thursday as soft Eurozone inflation data, and rising optimism the Federal Reserve will start reducing interest rates from the first quarter of next year helped underpin sentiment.
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Canadian Market Pares Early Gains; Bank Stocks In Focus After Results
After opening modestly higher and moving further up, the Canadian market pared most of its gains Thursday morning with consumer staples and technology stocks drifting lower on selling pressure.
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U.S. Dollar Higher After Inflation Data
The U.S. dollar appreciated against its most major counterparts in the European session on Thursday, as the Federal Reserve's preferred measure of inflation rose in line with expectations in October, supporting expectations that the Federal Reserve will leave rates unchanged for some time.
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U.S. Pending Home Sales Slump To Lowest Level In Over Twenty Years
Pending home sales in the U.S. slumped to their lowest level in over twenty years in the month of October, the National Association of Realtors revealed in a report released on Thursday. NAR said its pending home sales index tumbled by 1.5 percent to 71.4 in October after jumping by 1.0 percent to a revised 72.5 in September.
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Chicago Business Activity Expands For First Time In Over A Year
A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly expanded for the first time in over a year in the month of November. MNI Indicators said its Chicago business barometer surged to 55.8 in November from 44.0 in October, with a reading above 50 indicating growth. Economists had expected the index to inch up to 45.4.
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ShapeTX Expands Ongoing Collaboration With Roche
ShapeTX announced Thursday the expansion of its partnership with Roche Holding AG (RHHBY.PK), with Roche adding a new target to their ongoing collaboration, which was initially established in August 2021.
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Eurozone Inflation Weakest Since Mid 2021
Eurozone inflation eased more than expected to the weakest in more than two years in November and the unemployment rate remained unchanged at a lower level, raising hopes that the European Central Bank may cut interest rates earlier than currently forecast. Inflation softened to 2.4 percent in November from 2.9 percent in October, flash data from the statistical office Eurostat revealed Thursday.
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Global 5G Subscriptions To Top 5.3 Bln By 2029-End: Ericsson Mobility Report
Global 5G subscriptions are forecast to increase more than 330 percent over the next six years to reach at 5.3 billion, with 85 percent of the global population to have 5G coverage access, according to Ericsson Mobility Report. The November 2023 edition of the report, which is key industry reference source for network data, performance, statistics, and forecasts, estimates that new 5G...
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EU Accuses Five Starter Batteries Manufacturers Of Running Price Fixing Cartel
The European Commission has accused a group of five automotive starter batteries manufacturers, along with trade association Eurobat and its service provider Kellen, of breaching EU antitrust rules for colluding to increase battery prices by running a cartel.
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U.S. Consumer Price Growth Slows In Line With Estimates In October
Consumer price growth in the U.S. slowed in line with economist estimates in the month of October, according to closely watched inflation readings released by the Commerce Department on Thursday.
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