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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBA is widely expected to hike its benchmark lending rate by 25 basis points, from 2.85 percent to 3.10 percent.
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897 gün önce
TSX Ends Notably Lower As Strong U.S. Data Raises Interest Rate Concerns
The Canadian market ended notably lower on Monday, weighed down by concerns about more aggressive policy moves by the Fed after data showed an unexpected acceleration in U.S. services sector activity in the month of November.
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897 gün önce
Dollar Rises On Strong Economic Data, Posts Strong Gains Against Major Rivals
The U.S. dollar climbed higher against its major counterparts on Monday after data showing an unexpected pickup in U.S. services sector activity in the month of November raised the possibility of more aggressive rate hikes by the Federal Reserve.
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897 gün önce
Swiss Market Ends Flat
The Switzerland stock market ended flat on Monday after swinging between gains and losses in cautious trade.
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897 gün önce
European Stocks Close On Weak Note On Growth Worries
European stocks closed broadly lower on Monday with investors turning cautious after data showed the euro zone economy is slipping into a recession.
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897 gün önce
Canadian Market Notably Lower At Noon
The Canadian market is down firmly in negative territory around noon on Monday with stocks from several sectors reeling under sustained selling pressure.
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897 gün önce
U.S. Factory Orders Jump More Than Expected In October
New orders for U.S. manufactured goods jumped by more than expected in the month of October, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders shot up by 1.0 percent in October after rising by 0.3 percent in September. Economists had expected factory orders to increase by 0.7 percent.
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897 gün önce
more news
U.S. Services Index Unexpectedly Indicates Faster Growth In November
A report released by the Institute for Supply Management on Monday showed U.S. service sector activity unexpectedly grew at an accelerated rate in the in the month of November. The ISM said its services PMI climbed to 56.5 in November from 54.4 in October, with a reading above 50 indicating growth in the sector.
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897 gün önce
Quo Vadis Dollar?
Last week, markets received the good news anticipated for long - a confirmation from Chair Jerome Powell that it made sense for the Fed to moderate the pace of its rate increases.
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897 gün önce
Swiss Franc Climbs As Weak Eurozone Data Dampens Sentiment
The Swiss franc firmed against its major counterparts in the European session on Monday amid safe-haven status, as Eurozone business activity contracted for a fifth successive month in November, intensifying fears of a recession in the currency bloc.
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897 gün önce
Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a mixed note on Monday, tracking weak European stocks, and the trend in commodity markets.
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897 gün önce
UK In Recession As Services Fall Further Amid Cost Of Living Crisis
The UK service sector registered a moderate contraction in November as economic uncertainty and the cost of living crisis dampened discretionary spending, which in turn hurt demand, final survey data from S&P Global showed on Monday. Elsewhere, the Confederation of British Industry cautioned that the UK will see a lost decade if no action is taken. With rocketing inflation and negative growth, Br
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897 gün önce
Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group
Verizon Communications Inc. (VZ) announced Monday that Manon Brouillette, CEO of Verizon Consumer Group, has stepped down from the role she has held since January 2022.
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897 gün önce
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