With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual...

European stocks shrugged off early weakness and closed on a positive note on Thursday, the first trading session in 2025, despite data showing a sharp contraction in manufacturing activity in most of the major economies in the region in the month of December, persisting concerns on the geopolitical front. Automobile stocks underperformed amid concerns over...

The Canadian market remains firmly placed in positive territory Thursday afternoon despite paring a significant portion of early gains. Materials and energy stocks have moved higher thanks to firm commodity prices. Encouraging manufacturing activity data is aiding sentiment. The benchmark S&P/TSX Composite Index, which climbed to 25,003.17, was up 106.28 points or 0.43% at 24,834.22...

The U.S. dollar rose against its major counterparts in the New York session on Thursday, as the nations jobless claims came in below economists forecasts last week, supporting expectations that the Federal Reserve will slow the pace of rate cuts going forward. Data from the Labor Department showed that initial jobless claims slipped to 211,000,...

The U.S. dollar rose to over 2-year high on Thursday amid bets the pace of interest rate cuts by the Federal Reserve will be slow this year, after data showed a bigger than expected drop in weekly jobless claims. Data from the Labor Department report showed an unexpected decline by weekly jobless claims seemingly provides...

The Canadian market ended the first trading session on a strong note, as materials and energy stocks climbed higher on firm metal and crude oil prices on Thursday. Data showing continued expansion in Canadas manufacturing activity also helped underpin sentiment. The benchmark S&P/TSX Composite Index, which climbed to 25,003.17 in the session, closed with a...

U.K. stocks traded lower on Monday as investors adopted a cautious stance ahead of the year end. A selloff in U.S. shares on Friday weighed on sentiment, heading into the new year. All three major averages sold off Friday, with the tech-heavy Nasdaq Composite falling nearly 1.5 percent, thwarting the seasonal Santa Claus rally. Closer...

Indian shares are likely to open on a sluggish note Tuesday, mirroring weak cues from global markets as investors fret about U.S. President-elect Donald Trumps protectionist policies and the outlook for interest rates. Focus also shifted to tense U.S.-China relations after the U.S. Treasury Department said it was recently hacked by a Chinese state-sponsored actor,...

Indian shares look set to open lower on Wednesday, the first trading session of New Year 2025, due to ongoing concerns about a firmer dollar and elevated U.S. Treasury yields. That said, overall losses may remain capped somewhat after the release of positive macro data. Indias fiscal deficit narrowed to Rs 8.47 lakh crore in...