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U.S. Housing Starts Skyrocket To Ten-Month High In December

U.S. Housing Starts Skyrocket To Ten-Month High In December

A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
RTTNews | 235 gün önce
UK Retail Sales Drop Unexpectedly On Weak Food Store Sales

UK Retail Sales Drop Unexpectedly On Weak Food Store Sales

UK retail sales declined unexpectedly in December despite the festive season as food sales logged its worst performance since 2013, data from the Office for National Statistics showed Friday. Retail sales volume decreased 0.3 percent on a monthly basis in December, in contrast to the revised 0.1 percent gain in November. The decline confounded expectations for an increase of 0.4 percent.
RTTNews | 235 gün önce
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Malaysia Economy Logs Slower Growth

Malaysia Economy Logs Slower Growth

Malaysia's economy logged a softer growth in the fourth quarter as expansions in manufacturing and construction weakened but the overall growth for 2024 came within the government forecast. Gross domestic product climbed 4.8 percent from a year ago in the fourth quarter, advance estimates from the Department of Statistics showed on Friday. But this was weaker than the 5.3 percent expansion.
RTTNews | 235 gün önce
European Shares Extend Gains On Rate Cut Bets

European Shares Extend Gains On Rate Cut Bets

European stocks extended gains on Friday, after having hit their highest level in a month the previous day on the back of strong results from Cartier owner Richemont and renewed rate-cut hopes.
RTTNews | 235 gün önce
FTSE 100 Rallies On BoE Rate-cut Bets

FTSE 100 Rallies On BoE Rate-cut Bets

U.K. stocks rose sharply on Friday while the British pound weakened against other major currencies after data showed British retail sales declined unexpectedly in December on falling food store sales.
RTTNews | 235 gün önce
CAC 40 Edges Higher Ahead Of Eurozone Inflation Data

CAC 40 Edges Higher Ahead Of Eurozone Inflation Data

French stocks were moving higher on Friday after a Federal Reserve official said the U.S. central bank could cut rates three or four times this year if inflation data cooperates, with a first cut possible before July.
RTTNews | 235 gün önce
Asian Shares Mixed After China Data

Asian Shares Mixed After China Data

Asian stocks ended mixed on Friday as Trump tariff fears offset upbeat Chinese data and comments from Federal Reserve Governor Christopher Waller that officials could lower rates again in the first half of 2025 if inflation data continue to be favorable.
RTTNews | 235 gün önce

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