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Forex News
Canadian Stocks Tumble; TSX Falls To 3-week Low
The Canadian market ended sharply sharply lower on Thursday due to heavy selling at several counters, as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, and uncertainty about the outlook for interest rate cuts, weighed on sentiment.
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254 days ago
Dollar Turns In Mixed Performance Ahead Of Jobs Data
The U.S. dollar recovered from early losses on Thursday after fairly encouraging economic data dashed hopes of any aggressive interest rate cut by the Federal Reserve next week, but gave up gains as the day progressed with investors awaiting non-farm payroll data due on Friday, and the presidential election next week.
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255 days ago
Canadian Market Headed For Weak Close
Disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, anxiety ahead of U.S. presidential election and the Federal Reserve's monetary policy meeting, and weak commodity prices are weighing on the Canadian market.
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255 days ago
Swiss Market Ends Weak Again
For the second consecutive day, the Switzerland market languished in red right through the day's session, as weak earnings updates from U.S. technology majors Microsoft Inc., and Meta Platforms, and weak euro zone inflation data hurt sentiment and sent stock prices drifting down south on Thursday.
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255 days ago
Pound Falls After Autumn Statement
The pound weakened against its major counterparts in the New York session on Thursday, following the announcement of the nation's latest budget, which included tax rises and big spending plans.
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255 days ago
European Stocks Close Notably Lower On Weak Earnings, Economic Data
European stocks closed notably lower on Thursday as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Metal Platforms, and data showing a bigger than expected increase in euro zone inflation weighed on sentiment.
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255 days ago
Eurozone Inflation Accelerates; Jobless Rate Steady At 6.3%
Eurozone inflation accelerated more than expected in October on food and energy prices but it remained within the target of the European Central Bank, bolstering the case for a gradual monetary policy easing. Another official data showed that the euro area unemployment rate remained unchanged at a record low in September.
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255 days ago
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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October
MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.
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255 days ago
Uber Q3 Results Climb, Sees Growth In Q4 Gross Bookings; But Stock Drops
Uber Technologies, Inc. reported Thursday higher profit in its third quarter, benefited by significant unrealized gains and higher revenues. The rideshare and delivery network company also issued fourth -quarter outlook, expecting higher adjusted EBITDA and gross bookings. Meanwhile, Uber shares were losing around 8 percent in the early morning trading on the NYSE.
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255 days ago
U.S. Consumer Price Inflation Data Largely In Line With Estimates In September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The modest increase matched estimates.
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255 days ago
U.S. Weekly Jobless Claims Unexpectedly Fall To Five-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended October 26th. The report said initial jobless claims fell to 216,000, a decrease of 12,000 from the previous week's revised level of 228,000.
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255 days ago
U.S. Consumer Prices Increase In Line With Estimates In September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation.
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255 days ago
U.S. Weekly Jobless Claims Fall To 216,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended October 26th.
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255 days ago
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