European Markets Close On Mixed Note
The Canadian market ended on a buoyant note on Friday with investors picking up stocks amid rising optimism the Federal Reserve is done with interest rate hikes.
RTTNews | 9h 51min ago
The U.S. dollar fell against its major counterparts in the New York session on Friday, as the nation's manufacturing activity contracted for the thirteenth consecutive month in November and Federal Reserve Chair Jerome Powell's comments boosted hopes that interest rates have peaked.
RTTNews | 12h 22min ago
European stocks closed on a bright note on Friday, buoyed by easing inflation in the U.S. and Eurozone, encouraging manufacturing data from the Eurozone and the U.S., and better-than-expected manufacturing activity report from China.
RTTNews | 14h 18min ago
Canadian market is up firmly in positive territory at noon on Friday with investors digesting the data showing a notable increase in employment in November, and reacting positively to earnings updates from Bank of Montreal and National Bank of Canada.
RTTNews | 15h 19min ago
While forecasts suggest the U.S. central bank could start cutting interest rates as soon as March, Federal Reserve Chair Jerome Powell called such speculation "premature" during remarks on Friday. Powell acknowledged recent signs of slowing price growth but said the Fed is committed to keeping monetary policy restrictive until officials are confident inflation is on a path to 2 percent.
RTTNews | 15h 55min ago
Construction spending in the U.S. rose by more than expected in the month of October, according to a report released by the Commerce Department on Friday, although the report also showed a downward revision to the increase in construction spending in September.
RTTNews | 16h 47min ago
The Institute for Supply Management released a report on Friday showing a continued contraction in U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI came in at 46.7 in November, unchanged from October, with a reading below 50 indicating a contraction. Economists had expected the index to inch up to 47.6.
RTTNews | 16h 58min ago