U.K. stocks traded higher on Thursday while the British pound edged lower against peers after data showed the U.K. economy contracted in the fourth quarter, as initially estimated. Gross domestic product fell by unrevised 0.3 percent after a 0.1 percent drop in the third quarter, according to final data from the Office for National Statistics....
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in February after plunging...
The University of Michigan released revised data on Thursday showing an unexpected improvement in U.S. consumer sentiment in the month of March. The report said the consumer sentiment index for March was upwardly revised to 79.4 from the preliminary reading of 76.5. Economists had expected the reading to be unrevised. With the unexpected upward revision,...
The U.S. economy unexpectedly grew by more than previously estimated in the fourth quarter of 2023, the Commerce Department revealed in a report released on Thursday. Revised data showed real gross domestic product surged by 3.4 percent in the fourth quarter compared to the previously reported 3.2 percent jump. Economists had expected the pace of...
A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of March. MNI Indicators said its Chicago business barometer fell to 41.4 in March from 44.0 in February, with a reading below 50 indicating contraction. Economists had expected the index to rise to 46.0....
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in February after plunging...
The Canadian market is up in positive territory Thursday morning, led by gains in materials stocks thanks to a surge in gold prices. Energy and consumer discretionary stocks are finding some support, while shares from other sectors are turning in a mixed performance. Data showing stronger than expected Canadian and U.S. GDP growth contribute to...
Jakarta (ANTARA) - Indonesia will be able to decrease the domestic prices of electric vehicles (EV) by up to 30 percent by taking the initiative to manufacture its own EV batteries, Minister of Industry Agus Gumiwang Kartasasmita stated. "I believe that the prices of electric cars will drop by 20-30 percent," he remarked in Jakarta...
The Australian market is significantly higher on Thursday, extending the gains in the previous session, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving to a tad below the 7,900 level to fresh all-time highs, with gains across most sectors led by energy and mining stocks amid firmer gold,...
The Indonesia stock market has tracked lower in back-to-back sessions, slumping more than 65 points or 0.8 percent along the way. The Jakarta Composite Index now sits just above the 7,310-point plateau although it may stop the bleeding on Thursday. The global forecast for the Asian markets is upbeat on continued optimism over the outlook...