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U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September

U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September

A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate of 3.88 million in August.
RTTNews | Pred 6 h 40 min
Bank Of Canada Slashes Interest Rates By 50 Basis Points

Bank Of Canada Slashes Interest Rates By 50 Basis Points

Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent and the deposit rate at 3.75 percent.
RTTNews | Pred 7 h 0 min
Decline In U.S. Mortgage Applications Slows: MBA

Decline In U.S. Mortgage Applications Slows: MBA

The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage loan application volume, fell 6.7 percent from the previous week.
RTTNews | Pred 8 h 0 min
Bay Street Seen Opening Weak; BoC Rate Decision In Focus

Bay Street Seen Opening Weak; BoC Rate Decision In Focus

Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central bank's interest rate decision due after the opening bell.
RTTNews | Pred 8 h 7 min
UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey

UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey

Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent.
RTTNews | Pred 8 h 17 min
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Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips

Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips

German banking major Deutsche Bank AG reported Wednesday higher profit in its third quarter, driven by partial release of Postbank litigation provisions, lower expenses, as well as improved revenues. The company also said it is on track to achieve its annual revenue target, as well as 2025 goals. Meanwhile, Deutsche Bank shares were losing around 3 percent in the morning trading in Germany...
RTTNews | Pred 10 h 51 min
European Shares Subdued On Inflation Woes

European Shares Subdued On Inflation Woes

European stocks were slightly lower on Wednesday as investors digested mixed earnings results and braced for the upcoming U.K. autumn budget.
RTTNews | Pred 11 h 27 min
CAC 40 Declines On China Concerns

CAC 40 Declines On China Concerns

French stocks traded lower on Wednesday due to concerns about slowing Chinese growth and the widening U.S. fiscal deficit.
RTTNews | Pred 11 h 58 min
McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Corp.'s shares lost around 6 percent in the after-hours trading on Tuesday and are currently trading down around 6 percent in pre-market activity on the NYSE after the U.S. Centers for Disease Control and Prevention or CDC linked severe E. coli outbreak in Mountain West states to the fast food chain's Quarter Pounder hamburgers.
RTTNews | Pred 11 h 58 min
Asian Shares Mixed; Nikkei Underperforms

Asian Shares Mixed; Nikkei Underperforms

Asian stocks ended mixed on Wednesday and the U.S. dollar index surpassed 104 mark, tracking elevated U.S. treasury yields amid easing expectations of aggressive Federal Reserve rate cuts and fears the U.S. may be heading toward fiscal collapse.
RTTNews | Pred 12 h 24 min

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