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Dollar Loses Ground After Weak Economic Data
The U.S. dollar shed ground against its major counterparts on Thursday after data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut in June.
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638 days ago
New Zealand Manufacturing PMI Improves To 47.3 In January - BusinessNZ
The manufacturing sector in New Zealand continued to contract in January, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 47.3.
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638 days ago
TSX Ends On Upbeat Note For 2nd Straight Day
Canadian stocks closed on a bright note on Thursday, gaining for a second successive session, with investors tracking positive global cues and betting on hopes several central banks will cut interest rates sometime during the second quarter of this year.
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638 days ago
South Korea Export Prices Jump 3.2% On Month In January
Export prices in South Korea advanced 3.2 percent on month in January, the Bank of Korea said on Friday - after slipping 0.1 percent in December.
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638 days ago
Swiss Market Ends Moderately Higher
The Switzerland market ended higher on Thursday, in line with markets across Europe, as some encouraging earnings updates from the region, and hopes about interest rate cuts sometime in the second quarter, helped underpin sentiment.
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638 days ago
European Stocks Close On Firm Note
European stocks closed higher on Thursday with traders indulging in some strong buying, cheering corporate earnings updates, and betting on hopes the Federal Reserve and the Bank of England will cut interest rates in the second quarter.
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638 days ago
U.S. Homebuilder Confidence Improves To Six-Month High In February
Homebuilder confidence in the U.S. improved for the third straight month in February, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 48 in February from 44 in January. Economists had expected the index to rise to 46.
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638 days ago
more news
Canadian Market Up Sharply As Energy, Materials Shares Rally
The Canadian market is up in positive territory on Thursday, extending gains from the previous session, with stocks from energy and materials surging higher on firm commodity prices.
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638 days ago
New York Manufacturing Index Indicates Substantially Slower Contraction In February
A report released by the Federal Reserve Bank of New York on Thursday showed regional manufacturing activity has contracted at a substantially slower rate in the month of February. The New York Fed said its general business conditions index skyrocketed to a negative 2.4 in February from a negative 43.7 in January, although a negative reading still indicates contraction.
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638 days ago
U.S. Import, Export Prices Unexpectedly Increase In January
The Labor Department released a report on Thursday showing unexpected increases in U.S. import and export prices in the month of January. The report said import prices climbed by 0.8 percent in January after falling by a revised 0.7 percent in December. Economists had expected import prices to come in unchanged, matching the flat reading originally reported for the previous month.
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638 days ago
Philly Fed Index Turns Positive For First Time Since August
Manufacturing activity in the Philadelphia area has seen a substantial turnaround in the month of February, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity surged to a positive 5.2 in February from a negative 10.6 in January, with a positive reading indicating growth.
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638 days ago
U.S. Dollar Falls As Weak Retail Sales Back Rate Cut Hopes
The U.S. dollar declined against its major counterparts in the New York session on Thursday, following the release of weaker-than-expected retail sales data for January that supported hopes of a rate cut in June.
RTTNews
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638 days ago
U.S. Industrial Production Unexpectedly Edges Slightly Lower In January
Industrial production in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Federal Reserve on Thursday. The Fed said industrial production slipped by 0.1 percent in January compared to economist estimates for a 0.3 percent increase.
RTTNews
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638 days ago
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