European stocks are up firmly on Friday and look set to end the week on a positive note, amid renewed optimism over Chinas stimulus moves, and on expectations of more interest-rate cuts by the Fed and other central banks. Investors are also digesting the latest batch of economic data, and await some key reports from...
The Japanese yen rebounded from early weakness against other major currencies in the European session on Friday, after Shigeru Ishiba has won the leadership race to become Japans prime minister. Former defense minister Shigeru Ishiba won the Liberal Democratic Party leadership contest, which positions him to become Japans next prime minister. Ishibas victory paved the...
Slightly lower Canadian and U.S. futures indicate a subdued start for the Canadian market Friday morning, but investors are likely to make their moves, reacting to U.S. PCE score and Canadian GDP data that due before the opening bell. Data on U.S. personal consumption expenditure, the preferred index used by Fed officials to track inflation,...
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The...
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The...
New orders for U.S. manufactured durable goods were virtually unchanged in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders came in flat in August after soaring by 9.9 percent in July. Economists had expected durable goods orders to tumble by 2.6...
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended September 21st. The Labor Department said initial jobless claims slipped to 218,000, a decrease of 4,000 from the previous weeks revised level of 222,000. The dip surprised economists, who had expected jobless...
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. rebounded modestly in the month of August. NAR said its pending home sales index climbed by 0.6 percent to 70.6 in August after plunging by 5.5 percent to 70.2 in July. A pending home sale is one...
Erasing gains, the U.S. dollar fell against its most major counterparts in the New York session on Thursday. The currency rebounded earlier following the release of strong economic data, including weekly jobless claims and GDP data for the second quarter. Data from the Labor Department showed that first-time claims for U.S. unemployment benefits unexpectedly edged...
European stocks closed higher on Thursday amid optimism the Chinese government will announce more stimulus measures to help spur growth in the nations economy, and on hopes the Federal Reserve will cut interest rates further in the coming months. Chinas politburo vowed to step up fiscal support to stabilize the beleaguered property sector. Investor sentiment...