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TSX Rises To New Record High, Settles Above 25k Mark
The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.
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263 days ago
South Korea Shares May See Renewed Consolidation
The South Korea stock market on Thursday snapped the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,420-point plateau although it may head south again on Friday.
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263 days ago
Japan GDP Data Due On Friday
Japan will on Friday release preliminary Q3 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.2 percent on quarter and 2.5 percent on year after rising 0.7 percent on quarter and 2.9 percent on year in the three months prior.
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263 days ago
New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ
The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8.
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263 days ago
Dollar Moves Further Up Against Major Counterparts
The U.S. dollar climbed to a new 52-week high on Thursday with the latest set of economic data reducing the prospects of aggressive rate cuts by the Federal Reserve. Hawkish comments from Fed Chair Jerome Powell contributed as well to the dollar's rise.
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263 days ago
Powell Says Fed Doesn't Need To Be In A Hurry To Lower Rates
Following the Federal Reserve's decision to lower interest rates by a quarter point last week, Fed Chair Jerome Powell said in remarks on Thursday that the central bank does not "need to be in a hurry to lower rates" due to the strength of the economy.
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263 days ago
Canadian Market Up Firmly In Positive Territory
The Canadian market is modestly higher Thursday afternoon with energy stocks turning in a fine performance. Utilities, consumer staples and materials shares are among the other prominent gainers.
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263 days ago
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Swiss Market Ends On Firm Note
After languishing in negative territory till noon, Swiss stocks moved higher on Thursday and ended the session on a firm note, in line with markets across Europe.
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263 days ago
European Stocks Close Higher On Strong GDP Data, Earnings
European stocks closed higher on Thursday, recovering from recent losses, as investors assessed the most recent global economic data, including U.S. inflation and euro area GDP reports, and reacted to a slew of quarterly earnings and other corporate news.
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263 days ago
U.S. Dollar Retreats Against Most Majors
The U.S. dollar pulled back against its most major counterparts in the New York session on Thursday.
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263 days ago
U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to inch up to 223,000.
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263 days ago
U.S. Producer Prices Rise 0.2% In October, In Line With Estimates
After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised 0.1 percent uptick in September.
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263 days ago
U.S. Producer Prices Increase In Line With Estimates In October
After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October.
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263 days ago
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