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Euro Rallies Amid Ukraine Peace Plan
The euro firmed against its major counterparts on Monday, amid the prospect of higher defense spending in Europe to deter Russian aggression.
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76 일 전
Canadian Market Down Firmly In Negative Territory
The Canadian market, which retreated after a positive start Monday morning, continues to languish in negative territory well past noon, with stocks from technology and energy sectors reeling under selling pressure.
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76 일 전
Swiss Market Ends On Bright Note
The Switzerland market started off on a sluggish note on Monday amid tariff concerns, but gained in strength as the day progressed as investors picked up stocks from across several sectors.
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76 일 전
European Markets Close On Firm Note As Defense Stocks Rally
European markets closed higher on Monday, led by strong gains posted by defense stocks amid rising prospects of increased military spending by European countries.
Investors also bet on a rate cut by the European Central Bank this week.
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76 일 전
U.S. Construction Spending Unexpectedly Dips 0.2% In January
Construction spending in the U.S. unexpectedly edged modestly lower in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending slipped by 0.2 percent to an annual rate of $2.193 trillion in January after climbing by 0.5 percent to a revised rate of $2.196 trillion in December.
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76 일 전
U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February
A report released by the Institute for Supply Management on Monday showed its reading on U.S. manufacturing edged slightly lower in February, although the index still indicated growth in the sector for the second straight month. The ISM said its manufacturing PMI slipped to 50.3 in February after rising to 50.9 in January, but a reading above 50 still indicates growth.
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76 일 전
Bay Street Likely To Open On Firm Note
Canadian shares are likely to open on a firm note Monday morning, tracking gains in European markets, and higher commodity prices.
Worries about new tariffs by U.S. effective Tuesday could weigh and limit market's upside.
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76 일 전
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Dollar Climbs Amidst Trade And Geopolitical Jitters
Trade tariff turbulence and uncertainty about peace in Ukraine lifted the Dollar Index during the week ended February 28.
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76 일 전
Eurozone Inflation Slows To 2.4%
Eurozone inflation eased slightly in February partly reflecting the slowdown in services inflation but the rate remained above 2 percent, flash data from Eurostat showed on Monday. The harmonized index of consumer prices logged an annual growth of 2.4 percent after rising 2.5 percent in January. The rate was expected to ease to 2.3 percent.
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76 일 전
UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly
Mortgage borrowing of British homebuyers hit the highest since September 2022, while home loan approvals decreased slightly in January ahead of the stamp duty changes in April, figures from the Bank of England showed on Monday. Mortgage lending increased GBP 0.9 billion to GBP 4.2 billion in January, which was the highest since September 2022.
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76 일 전
FTSE 100 Advances; Bunzl Down 7% On Weak Earnings
U.K. stocks are modestly higher on Monday with the benchmark FTSE 100 hovering near record highs, led by gains defense shares like in most of the major markets across Europe, on prospects of increased spending on defense.
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76 일 전
Eurozone Factory Activity Slump Eases
Eurozone manufacturing sector remained in contraction in February, but the downturn was the least marked since early 2023, final survey results from S&P Global showed on Monday. The HCOB manufacturing Purchasing Managers' Index rose to a 24-month high of 47.6 in February from 46.6 in January. The flash reading was 47.3. The score signaled the smallest deterioration since early-2023
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76 일 전
Pound Rises Amid Optimism Ukraine Peace Plan
The British pound strengthened against other major currencies in the European session on Monday, as investors react to the latest tariff news and Europe's peace efforts in Ukraine.
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76 일 전
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