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Canadian Market Up Sharply, Set To End On Buoyant Note

The Canadian market is up firmly in positive territory Thursday afternoon and look well on course to end the day's session on a strong note.

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Swiss Market Ends On Bright Note

The Switzerland stock market ended on a strong note on Thursday, thanks to positive global cues, and data showing a drop in producer and import prices.

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European Stocks Close On Firm Note After ECB's Interest Rate Decision

European stocks closed on a firm note on Thursday after the European Central Bank (ECB), which raised interest once again, signaled the end of its rate-hike campaign.

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Euro Lower As ECB Hints At Pause In Rate Hikes

The euro declined against its major counterparts in European deals on Thursday, as the European Central Bank raised interest rates by 25 basis points, but hinted at a pause in the tightening cycle as the bank estimates that the current level of interest rates if maintained for long would ensure a timely return of inflation to the target.

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U.S. Business Inventories Unexpectedly Unchanged In July

A report released by the Commerce Department on Thursday showed business inventories in the U.S. came in flat in the month of July. The Commerce Department said business inventories were virtually unchanged in July following a revised 0.1 percent dip in June.

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ECB Signals Pause After Hiking Rates For Tenth Session

The European Central Bank raised its key interest rates for the tenth policy session in a row as rate-setters assessed the euro area inflation to remain "too high for too long", but signaled a pause, possibly a long one, in the tightening cycle as the bank saw it prudent to guide that the current level of interest rates if maintained for long would ensure a timely return of inflation to 2 percent.

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U.S. Retail Sales Growth Exceeds Estimates As Gas Station Sales Spike

Retail sales in the U.S. increased by much more than expected in the month of August, according to a report released by the Commerce Department on Thursday. The report said retail sales climbed by 0.6 percent in August after rising by a downwardly revised 0.5 percent in July.

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U.S. Jobless Claims Inch Up Less Than Expected To 220,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits edged up by less than expected in the week ended September 9th. The report said initial jobless claims crept up to 220,000, an increase of 3,000 from the previous week's revised level of 217,000.

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U.S. Producer Prices Advance More Than Expected Amid Spike In Energy Prices

Reflecting a spike in energy prices, the Labor Department released a report on Thursday showing producer prices in the U.S. increased by more than expected in month of August. The Labor Department said its producer price index for final demand advanced by 0.7 percent in August after climbing by an upwardly revised 0.4 percent in July.

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EU Launches Probe Into Chinese EV Subsidies

European Union's executive arm European Commission has launched an investigation into Chinese domestic subsidies given to electric vehicle makers, amid significant growth in imports. The probe reportedly will look into whether to impose punitive tariffs to protect EU producers against such cheaper cars. Commission President Ursula von der Leyen, while speaking at her annual State of the Union...

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China Cuts Reserve Requirement Ratio For Second Time This Year

China's central bank reduced the reserve requirement ratio for the second time this year in yet another move to support the struggling economy. The weighted average RRR for banks will be about 7.4 percent, the People's Bank of China said in a statement on Thursday. The RRR represents the amount of cash that banks must hold as reserves.

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