The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0. With the unexpected decrease, the...
The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France. Political uncertainty in France weighed after the country\'s finance chief warned that a new left-wing coalition coming to power in France would lead to the country\'s exit from the European Union....
European stocks closed weak on Friday, with several major markets falling to multi-week or multi-month lows, amid uncertainty about interest rates, and political tensions in Europe. Political uncertainty in France weighed after the country\'s finance chief warned that a new left-wing coalition coming to power in France would lead to the country\'s exit from the...
Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. Producer and consumer price data coming out of China attracted investor attention early in the session. China\'s consumer inflation held steady...
German stocks advanced on Wednesday ahead of key U.S. inflation data and the Federal Reserve\'s rate decision later in the day. Meanwhile, Germany\'s consumer price inflation increased for the first time in five months in May, as initially estimated, according to final data from Destatis. Consumer price inflation rose to 2.4 percent in May from...
China\'s consumer prices logged a steady but meager growth and producer prices continued to fall in May, signalling that more stimulus measures are required to boost demand and consumption. The consumer price index posted an annual increase of 0.3 percent in May, the same pace as in April, the National Bureau of Statistics reported Wednesday....
French stocks traded higher on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. Euro zone government bond yields dropped after having risen to their highest levels in around seven months on Tuesday following Moody\'s...
Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories jumped by 3.7 million barrels last week after rising by 1.2 million barrels in the previous week. Economists had expected...
Canadian stocks are up in positive territory around noon on Wednesday amid renewed optimism about the outlook for Federal Reserve\'s interest rates after data showed U.S. consumer price inflation came in unchanged in May, as against expectations of a 0.1% rise. Real estate, healthcare, technology, materials, financials, consumer staples and industrials shares are among the...
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as inflation came in lower than expected in May, reviving hopes for a rate cut by the Federal Reserve in September. Data from the Labor Department showed that the consumer price index came in unchanged in May after rising by...