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Forex News
New Zealand Terms Of Trade Slips 1.5% In Q1
The terms of trade in New Zealand dropped a seasonally adjusted 1.5 percent on quarter in the first three months of 2023, Statistics New Zealand said on Friday.
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766 days ago
TSX Ends On Firm Note
The Canadian market ended on a firm note on Thursday as materials and energy stocks moved up, tracking higher bullion and crude oil prices.
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766 days ago
South Korea GDP, Inflation Data Due On Friday
South Korea will on Friday release Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to add 0.3 percent on quarter and 0.8 percent on year after slipping 0.4 percent on quarter and rising 1.3 percent on year in the three months prior.
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766 days ago
Swiss Market Ends On Firm Note
The Switzerland stock market ended on a firm note on Thursday, in line with markets across Europe, as worries about U.S. debt eased, and dovish comments from some Fed officials suggested a pause in interest rate hikes.
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767 days ago
European Stocks Close Higher On U.S. Debt Deal News, Eurozone Inflation Data
European stocks closed on a strong note on Thursday with investors cheering signs of progress on the U.S. debt ceiling deal, encouraging manufacturing data from China and dovish comments from Fed officials hinting at a pause in interest-rate hikes.
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767 days ago
Canadian Market Up Firmly In Positive Territory; Materials Shares Rally
The Canadian market is up firmly in positive territory around noon on Thursday, led by gains in energy and materials shares.
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767 days ago
U.S. Dollar Falls On Fed Pause Hopes
The U.S. dollar was lower against its major counterparts in the European session on Thursday, as dovish comments from Fed officials renewed hopes of a pause in interest rate hikes this month.
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767 days ago
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U.S. Construction Spending Jumps Much More Than Expected In April
Construction spending in U.S. jumped by much more than expected in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said construction spending surged by 1.2 percent to an annual rate of $1.908 trillion in April after rising by 0.3 percent to a revised rate of $1.885 trillion in March.
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767 days ago
U.S. Manufacturing Index Indicates Slightly Faster Contraction In May
The Institute for Supply Management released a report on Thursday showing U.S. manufacturing activity contracted at a slightly faster rate in the month of May. The ISM said its manufacturing PMI slipped to 46.9 in May from 47.1 in April, with a reading below 50 indicating a contraction. Economists had expected the index to edge down to 47.0.
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767 days ago
Eurozone Inflation Slows To 15-Month Low; Lagarde Signals More Hikes
Confirming the downward trend, Eurozone inflation eased sharply to a 15-month low in May and core inflation slowed for the second month, but the European Central Bank President Christine Lagarde said more monetary policy tightening is needed. Inflation eased to 6.1 percent in May from 7.0 percent in April, flash data from Eurostat showed on Thursday. The rate was forecast to slow to 6.3 percent.
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767 days ago
U.S. Private Sector Job Growth Far Exceeds Estimates In May
Private sector employment in the U.S. jumped by much more than expected in the month of May, according to a report released by payroll processor ADP on Thursday. The report said private sector employment shot up by 278,000 jobs in May after surging by a revised 291,000 jobs in April.
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767 days ago
U.S. Weekly Jobless Claims Inch Up Slightly Less Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
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767 days ago
Hyundai Motor America May Total Sales Up 18%
Hyundai Motor America reported Thursday that it sold a total of 70,001 units in the month of May, up 18 percent from last year's 59,432 units, driven by new May retail and total sales records for Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Tucson PHEV and Santa Cruz.
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767 days ago
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