The UK economy grew at a slower-than-estimated pace in the second quarter on weaker industrial and construction sectors, official data revealed Monday. Gross domestic product advanced 0.5 percent from the first quarter, revised down from the first estimate of 0.6 percent, figures from the Office for National Statistics showed. The economy had expanded by unrevised...

Asian stocks ended mixed on Monday, with mainland Chinese and Hong Kong markets closing sharply higher on stimulus euphoria while Japanese markets succumbed to selling pressure after Japans governing party chose Shigeru Ishiba, a critic of the countrys longstanding ultralow interest rates, as its leader. Chinas factory activity shrank for a fifth straight month in...

European stocks closed on a weak note on Monday, weighed down by concerns about escalating geopolitical tensions, and profit taking after recent gains. Automobile sector stocks were among the major losers. Decent strength in the commodities section helped limit markets downside. Israeli military intensified its military operations against Hezbollah in Lebanon on Sunday, targeting numerous...

Federal Reserve Chair Jerome Powell spoke before the annual meeting of the National Association for Business Economics on Monday, suggesting the central bank will continue to lower interest rates but stressing the downward path for rates is not on a preset course. Powell said the decision to slash rates by half a percentage point earlier...

Canadian stocks are turning in a mixed performance on Monday with investors largely making cautious moves while awaiting some crucial economic data and focusing on Fed Chair Jerome Powells comments on interest rate moves. Real estate, energy and healthcare stocks are finding some support, while materials stocks are weak. Stocks from the rest of the...

The U.S. dollar rose against its major counterparts in the New York session on Monday, as Federal Reserve Chair Jerome Powell suggested that the central bank will continue to lower interest rates, but the pace of reduction is unclear. Speaking at the National Association for Business Economics, Powell said the decision to slash rates by...

The Canadian market ended slightly up on Monday, lifted by gains in technology, real estate and energy sectors. The mood remained largely cautious amid a lack of significant triggers. The market, which slipped a bit deeper into the red around mid afternoon after moving in a narrow range till then, moved higher in the final...

The Bank of Japan will on Tuesday release the results of its quarterly Tankan survey of business sentiment, highlighting a busy day for Asia-Pacific economic activity. The large manufacturers index is expected to see a score of +12, down from +13 in the previous three months. The large non-manufacturers index is expected to ease to...