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South Korea GDP Data Due On Thursday
(RTTNews) - South Korea will on Thursday see preliminary Q1 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
GDP is expected to add 0.1 percent on quarter and 0.2 percent on year after expanding 0.1 percent on quarter and 1.2 percent on year in the three months prior.
Japan will release March numbers for producer prices, with forecasts suggesting no change at an annual 3.0 percent.
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Technology Stocks Shine; TSX Up Nearly 0.5%
After opening marginally up, the Canadian market moved ahead Thursday morning, and remains firmly in positive territory a little before noon. Technology stocks have recovered from previous session's losses, contributing significantly to market's upmove.
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26 minutes ago
U.S. Leading Economic Index Falls Much More Than Expected In August
Leading U.S. economic indicators fell by much more than expected in the month of August, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.5 percent in August after inching up by a revised 0.1 percent in July. Economists had expected the leading economic index to edge down by 0.1 percent.
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1h 33min ago
Philly Fed Index Surges To Eight-Month High In September
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall in the month of September. The Philly Fed said its diffusion index for current general activity spiked to a positive 23.2 in September from a negative 0.3 in August, with a positive reading indicating growth. Economists had expected the index to rise to a positive 2.3.
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2h 14min ago
Bank Of England Holds Key Rate; Slows Quantitative Tightening
The Bank of England left its interest rate unchanged and softened its pace of quantitative tightening on Thursday, as policymakers were wary about risks to inflation in the U.K. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to maintain the bank rate at 4.00 percent.
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2h 15min ago
U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High
After reporting first-time claims for U.S. unemployment benefits climbed to a nearly four-year high in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back by more than expected in the week ended September 13th.
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2h 18min ago
Philly Fed Index Surges Much More Than Expected In September
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall in the month of September.
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3h 32min ago
U.S. Weekly Jobless Claims Pull Back More Than Expected
After reporting first-time claims for U.S. unemployment benefits climbed to a nearly four-year high in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back by more than expected in the week ended September 13th.
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3h 35min ago
Positive Start Likely On Bay Street
Canadian shares look headed for a positive start Thursday morning amid prospects of further easing by the Bank of Canada and the Federal Reserve this year. Weak oil and gold prices may weigh a bit and limit market's upside.
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4h 23min ago
