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Australian Market Modestly Higher
The Australian stock market is modestly higher in choppy trading on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,400 level, despite the broadly negative cues from global markets overnight, with gains is mining and energy stocks amid continued strength in commodity prices.
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931 days ago
TSX Ends Lower For 2nd Straight Day
After opening moderately lower Thursday morning and languishing in negative territory till around mid afternoon, the Canadian market briefly emerged above the flat line before turning weak against to finally end the day's session with a modest loss.
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931 days ago
Dollar Loses Ground Against Major Counterparts
The U.S. dollar was weak against its major counterparts on Thursday, weighed down by concerns about slowing U.S. economy following aggressive policy tightening by the Federal Reserve.
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931 days ago
Canadian Market Down Marginally In Cautious Trade
The Canadian market is down in negative territory Thursday afternoon, losing ground for a second successive session, after an eight-day winning streak.
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931 days ago
Swiss Market Ends Notably Lower
The Switzerland stock market ended notably lower on Thursday, tracking weak global cues amid rising concerns about a possible recession in the U.S.
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931 days ago
European Stocks Close Lower On Growth Worries
European stocks closed sharply lower on Thursday, weighed down by weak U.S. economic data and hawkish comments from Fed officials.
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931 days ago
ECB Rate Hikes Have A Long Way To Go
The European Central Bank is set to continue its interest rate hikes for some time ahead as the minutes of the latest policy session in December revealed that many policymakers had sough a jumbo raise of 75 basis points due to the prospect of inflation staying high for too long, but eventually agreed on a smaller half basis point lift in a bid to have more room for higher rates in the future.
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931 days ago
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Euro In Positive Territory After Lagarde's Remarks
The euro was higher against its major counterparts in the European session on Thursday, as European Central Bank President Christine Lagarde affirmed that the central bank will keep raising interest rates to rein in inflation.
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931 days ago
Norges Bank Signals Rate Hike In March
The Norwegian Central Bank decided to keep its benchmark interest rate unchanged at its January meeting, in line with market expectations, and policymakers hinted that further rate hikes would be needed to bring inflation down to the target.
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931 days ago
Philly Fed Index Increases But Remains Negative In January
The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January. The Philly Fed said its diffusion index for current activity climbed to a negative 8.9 in January from a negative 13.7 in December.
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931 days ago
U.S. Housing Starts Slump 1.4% In December, Much Less Than Expected
New residential construction in U.S. fell for the fourth straight month in December, according to a report released by the Commerce Department on Thursday, although the decrease was much smaller than expected.
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931 days ago
U.S. Weekly Jobless Claims Unexpectedly Drop Below 200,000
A report released by the Labor Department on Thursday unexpectedly showed a decrease in first-time claims for U.S. unemployment benefits in the week ended January 14th. The Labor Department said initial jobless claims fell to 190,000, a decrease of 15,000 from the previous week's unrevised level of 205,000. The dip surprised economists, who had expected jobless claims to rise to 214,000.
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931 days ago
Philly Fed Index Indicates Slower Contraction In January
The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January.
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931 days ago
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