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Dollar Extends Gains Against Major Counterparts
The U.S. dollar moved higher on Friday, extending recent gains as traders scaled down expectations for an imminent interest rate cut by the Federal Reserve after data showed U.S. consumer price and producer price inflation rose more than expected in February.
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539 days ago
TSX Ends Marginally Up, Gains 0.5% In Week
The Canadian market ended slightly up on Friday, supported by gains in healthcare, materials and utilities sectors. The mood in the market remained cautious with investors looking ahead to U.S. central bank's monetary policy meeting next week.
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539 days ago
Canadian Market Modestly Higher In Cautious Trade
Canadian stocks are swinging between gains and losses in somewhat lackluster trade on Friday as traders mostly stay on the sidelines, looking for fresh triggers. With the Federal Reserve's monetary policy announcement due next week, and recent data suggesting the U.S. central bank is unlikely to cut rates before June, the mood in the market is quite cautious.
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539 days ago
Swiss Market Ends On Weak Note; Swisscom Rallies Sharply
Despite a few brief spells in positive territory during the course of the day's session, the Switzerland market ended on a weak note on Friday as rising concerns about inflation and uncertainty about interest rate moves by the Federal Reserve weighed on sentiment.
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539 days ago
Major European Markets Close Weak On Inflation Worries, Caution Ahead Of Policy Meetings
The major European markets failed to hold early gains and closed lower on Friday, weighed down by concerns about inflation, and caution ahead of monetary policy announcements by the Federal Reserve and Bank of England.
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539 days ago
Swiss Franc Advances Against Majors
The Swiss franc moved up against its major counterparts in the European session on Friday.
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539 days ago
U.S. Consumer Sentiment Edges Lower In March, Inflation Expectations Unchanged
Preliminary data released by the University of Michigan on Friday unexpectedly showed a slight deterioration in U.S. consumer sentiment in the month of March. The report said the consumer sentiment index edged down to 76.5 in March after falling to 76.9 in February. Economists had expected the index to come in unchanged.
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539 days ago
more news
U.S. Industrial Production Inches Higher As Manufacturing, Mining Output Rebounds
With manufacturing and mining output recovering from weather-related declines in January, the Federal Reserve released a report on Friday showing a slight increase in U.S. industrial production in the month of February. The Fed said industrial production inched up by 0.1 percent in February after falling by a downwardly revised 0.5 percent in January.
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539 days ago
McDonald's Global Operations Hit By System Failure
McDonald's suffered a system failure that resulted in disruption in store operations, online and app orders in multiple countries around the world, reports said. The issues were resolved and services have now been restored. The fast-food chain's outlets in the United States, Australia, Japan, Hong Kong, and the United Kingdom, among others, were hit by the outage.
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539 days ago
New York Manufacturing Index Indicates Significantly Accelerated Contraction In March
New York manufacturing activity has contracted at a significantly accelerated rate in the month of March, according to a report released by the Federal Reserve Bank of New York on Friday. The New York Fed said its general business conditions index plunged to a negative 20.9 in March from a negative 2.4 in February, with a negative reading indicating contraction.
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539 days ago
Canadian Dollar Rises Against Majors
The Canadian dollar advanced against its major counterparts in the European session on Friday.
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539 days ago
U.S. Consumer Sentiment Index Edges Slightly Lower In March
Preliminary data released by the University of Michigan on Friday unexpectedly showed a slight deterioration in U.S. consumer sentiment in the month of March.
RTTNews
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539 days ago
U.S. Import Prices Rise 0.3 In February, In Line With Estimates
A report released by the Labor Department on Friday showed import prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said import prices rose by 0.3 percent in February after climbing by 0.8 percent in January. The uptick matched expectations.
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539 days ago
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