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Australian Market Modestly Higher
The Australian stock market is modestly higher on Friday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,100 level, despite the broadly negative cues from Wall Street overnight, with gains led by financial and energy stocks, even as traders remain optimistic the US Fed will scale down the pace of its interest rate hikes.
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913天前
TSX Ends Modestly Lower
The Canadian market ended modestly lower on Thursday after staying week right through the day's session amid concerns about growth, and hawkish comments from some Fed officials.
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913天前
Dollar Gains Against Major Rivals After Hawkish Fed Comments
The U.S. dollar firmed against its major counterparts on Thursday, supported by hawkish comments from some Federal Reserve officials, including St. Louis Federal Reserve President James Bullard.
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913天前
Swiss Market Ends Marginally Down
Swiss stocks started off on a positive note on Thursday, but slipped into the red around mid morning, and despite staging a recovery in late afternoon trades, ended the session marginally down.
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913天前
European Stocks Close Lower On Growth Worries, Interest Rate Concerns
European stocks closed lower on Thursday with investors closely following the developments on the geopolitical front, and digesting the budget announcement by the British Finance Minister Jeremy Hunt.
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913天前
UK Chancellor Unveils Tax Raises, Cost Of Living Support Amid Recession
UK Chancellor Jeremy Hunt on Thursday announced tax measures that would raise billions, spending cuts and cost of living support measures for households and businesses struggling with soaring energy bills as he confirmed the economy is in a recession.
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913天前
Canadian Market Down Firmly In Negative Territory At Noon
The Canadian market is down firmly in negative territory around noon on Thursday, weighed down by losses in energy, materials and technology sectors.
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913天前
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Pound Weakens After U.K. Autumn Budget Statement
The pound moved down against its major counterparts in the European session on Thursday, as U.K. Chancellor of Exchequer Jeremy Hunt unveiled a package of tax increases and spending cuts worth £55 billion and said that the economy is already in a recession.
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913天前
Philly Fed Index Slumps To Lowest Level Since May 2020
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November. The Philly Fed said its diffusion index for current activity tumbled to a negative 19.4 in November from a negative 8.7 in October.
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913天前
U.S. Housing Starts Show Notable Decrease In October, Building Permits Pull Back Sharply
New residential construction in the U.S. showed a notable decrease in the month of October, the Commerce Department revealed in a report released on Thursday. The report said housing starts tumbled by 4.2 percent to an annual rate of 1.425 million in October after falling by 1.3 percent to an upwardly revised rate of 1.488 million in September.
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913天前
U.S. Weekly Jobless Claims Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims dipped to 222,000, a decrease of 4,000 from the previous week's revised level of 226,000.
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913天前
Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed
Omni-channel fashion retailer Macy's, department store chain Kohl's and specialty apparel retailer The Children's Place reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in net sales.
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913天前
Philly Fed Index Unexpectedly Slumps To -19.4 In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November.
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913天前
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