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UK Construction Growth Slows On Weaker Residential Work Demand
The UK construction activity logged only a marginal expansion at the end of the first quarter, as the faster rise in the civil engineering category was offset by lower demand for residential works, survey results from S&P Global showed Thursday.
The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index, or PMI, dropped more-than-expected to 50.7 in March from 54.6 in
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855 days ago
U.S. Weekly Jobless Claims Decrease From Upwardly Revised Level
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits declined from an upwardly revised level in the week ended April 1st. The Labor Department said initial jobless claims fell to 228,000, a decrease of 18,000 from the previous week's revised level of 246,000.
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855 days ago
U.S. Weekly Jobless Claims Drop To 228,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits declined from an upwardly revised level in the week ended April 1st.
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855 days ago
Bay Street Seen Opening On Subdued Note
Canadian shares are likely to open on a somewhat subdued note on Thursday, tracking sluggish commodity prices.
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855 days ago
German Industrial Output Growth Tops Expectations; Construction Shrinks
Germany's industrial production expanded more than expected in February, underpinned by the growth in automotive output, and alleviated the risk of recession. However, a closely watched survey showed that the construction sector continued to contract in March after output and new orders fell at faster rates.
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855 days ago
India's Central Bank Halts Policy Tightening
The Reserve Bank of India left its key interest rates unchanged on Thursday, while markets widely expected the bank to move in tandem with its major counterparts. Nonetheless, the RBI kept the door open for more tightening if situation warrants. The six-member Monetary Policy Committee, led by the RBI Governor Shaktikanta Das, unanimously voted to keep the repo rate unchanged at 6.50 percent.
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855 days ago
Swiss Franc Climbs As Recession Fears Weigh
The Swiss franc strengthened against its major counterparts during the European session on Thursday, as disappointing U.S. economic data stoked worries about a recession.
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855 days ago
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Sensex, Nifty Gain As RBI Pauses Repo Rate Hike
Indian shares recovered from an early slide to close higher on Thursday as the Reserve Bank of India (RBI) unexpectedly left its key interest rates unchanged after six consecutive hikes to support growth.
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855 days ago
European Shares Gain On Strong German, UK Data
European stocks were moving higher on Thursday, with encouraging regional data and expectations of a pause in rate hikes by the Federal Reserve helping underpin investor sentiment ahead of Good Friday and Easter holidays.
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855 days ago
China Private Sector Expands At Fastest Pace Since Mid-2022
China's private sector expanded at the fastest pace in nine months in March on an accelerated rise in services activity, survey data from S&P Global showed on Thursday. The Caixin composite output index rose to 54.5 in March from 54.2 in February. The score remained above the neutral 50.0 for the third consecutive month.
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855 days ago
FTSE 100 Gains On Rising Bets Of Fed Pause
U.K. stocks advanced on Thursday amid speculation the U.S. Federal Reserve would pause its rate hike campaign to support growth.
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855 days ago
CAC 40 Edges Higher In Cautious Trade
French stocks were slightly higher on Thursday on growing bets the U.S. Federal Reserve may not hike interest rates at its next policy meeting in May and could start cutting them in summer.
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855 days ago
DAX Holds Steady On Solid Data
German stocks held steady on Thursday after official data showed Germany's industrial production grew faster than expected in February underpinned by robust growth in automotive output.
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855 days ago
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