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U.S. Dollar Appreciates After Hot PPI Data
The U.S. dollar moved up against its most major counterparts in the New York session on Thursday, as producer price inflation increased more than expected in November, supporting expectations that the U.S. central bank will cut rates by 25 basis points next week.
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260 일 전
U.S. Producer Price Growth Exceeds Estimates In November
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November. The Labor Department said its producer price index for final demand climbed by 0.4 percent in November after rising by an upwardly revised 0.3 percent in October. Economists had expected producer prices to inch up by 0.2 percent.
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261 일 전
U.S. Weekly Jobless Claims Unexpectedly Extend Rebound
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous week's revised level of 225,000. Economists had expected jobless claims to dip to 220,000.
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261 일 전
ECB Cuts Deposit Rate To 3.00%
The European Central Bank lowered its key interest rate by 25 basis points again, in line with economists' expectations, as policymakers assessed that the disinflation process is on track though growth concerns remain. The Governing Council, led by ECB President Christine Lagarde, cut the key policy rate - the deposit rate - by a quarter-basis point to 3.00 percent on Thursday.
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261 일 전
U.S. Producer Prices Climb More Than Expected In November
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November.
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261 일 전
U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday.
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261 일 전
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note on Thursday with investors looking for fresh direction, after the market closed the previous session on a firm note following the Bank of Canada's decision to cut interest rates by 50 basis points. Energy stocks may find support thanks to higher oil prices.
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261 일 전
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Target Offers Holiday Countdown Sale, Christmas Eve Delivery
Discount retailer Target Corp. announced its Holiday Countdown Sale from December 12 through 14, and exclusive deals of up to 40% off through December 24. Further, Christmas Eve same-day delivery for orders are available for the last-minute holiday shoppers. The company is offering incredible same-day fulfillment options including straight to guests' home or to friends and family.
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261 일 전
Adobe Q4 Earnings Beat Market, Sees Growth Ahead; But Shares Hit
Software major Adobe Inc. issued positive outlook for first quarter and fiscal 2025 earnings and revenues, after reporting higher fourth-quarter results above market. Meanwhile, the shares declined around 9 percent in the after-hours trading on Wednesday, and is currently down around 11 percent in the pre-market activity on the Nasdaq.
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261 일 전
Swiss Franc Falls On SNB's Surprise Rate Cut
The Swiss franc weakened against other major currencies in the European session on Thursday, after the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc.
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261 일 전
Sensex, Nifty End Modestly Lower Ahead Of Macro Data
Indian shares ended modestly lower on Thursday as caution crept in ahead of domestic inflation and industrial output data due later in the day.
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261 일 전
Swiss Central Bank Cuts Policy Rate By 50 Bps
Amid easing inflationary pressures, the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent from 1.00 percent. The new rate takes effect on December 13.
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261 일 전
European Shares Mixed Ahead Of ECB Rate Decision
European stocks were mixed on Thursday ahead of a European Central Bank (ECB) rate decision later in the day.
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261 일 전
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