The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing officials are still not prepared to begin cutting interest rates. The minutes of the June 11-12 meeting said participants noted that progress in reducing inflation toward the Fed\'s 2 percent target had been slower this year than they had expected...
The Canadian market is up with strong gains Wednesday afternoon with stocks from several sectors moving higher on sustained buying support amid hopes the Federal Reserve will cut interest rate in September. Materials shares are up sharply on rising metal prices. Industrials, healthcare, utilities and financials shares are among the other major gainers. The benchmark...
The U.S. dollar drifted lower on Wednesday after data showing a less than expected increase in U.S. private sector employment growth, and an unexpected contraction in the nation\'s service sector activity raised hopes of a rate cut by the Federal Reserve in September. A report released by the Institute for Supply Management showed an unexpected...
Indian shares opened higher on Thursday to extend their record-breaking run as a slew of weak U.S. data spurred bets the Federal Reserve could move as soon as September to begin lowering borrowing costs. The benchmark S&P BSE Sensex was up 350 points, or 0.4 percent, at 80,337 in early trade while the broader NSE...
European stocks may open flat to slightly higher in cautious trade on Thursday as the U.K. elects its next Parliament, with investors waiting to see just how large a majority the Labour Party might get. Elsewhere in France, a shaky coalition is emerging to block France\'s far right from power as the second round of...
German factory orders logged an unexpected decline in May due to the decrease in foreign demand, official data showed on Thursday. Factory orders declined 1.6 percent month-on-month in May, sharper than the revised 0.6 percent decrease in April, Destatis reported. This was the fifth consecutive decline and also came in contrast to economists\' forecast of...
Asian stocks ended mixed on Thursday even as fresh signs of a weakening U.S. economy revived hopes of interest rate cuts sooner rather than later. The dollar was on the back foot ahead of elections in the U.K. and France, and before the release of key U.S. nonfarm payrolls report, due Friday. Federal Reserve officials...
German stocks traded higher on Thursday as softer-than-expected U.S. economic data fueled speculation that the Federal Reserve could slash interest rates in September. The upside remained capped after official data showed German factory orders logged an unexpected decline in May due to the decrease in foreign demand. Factory orders declined 1.6 percent month-on-month in May,...
The private sector in Singapore continued to expand, and at a faster rate, the latest survey from S&P Global showed on Wednesday with a PMI score of 55.2. That\'s up from 54.2 and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Supporting the latest uptick in the headline PMI...
The China stock market has climbed higher in three straight sessions, gathering more than 50 points or 1.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,000-point plateau and it\'s likely to see additional support on Wednesday. The global forecast for the Asian markets suggests little movement ahead of Friday\'s...