The U.S. dollar was lower against its major counterparts in the New York session on Wednesday, as consumer inflation moderated in July, reinforcing expectations for a rate cut from the U.S. Federal Reserve in September. Data from the Labor Department showed that the consumer price index rose by 0.2 percent in July after edging down...
Canadian shares are turning in a mixed performance on Wednesday with investors assessing the likely move of the Federal Reserve after the latest data on U.S. producer price and consumer price inflation. Healthcare, technology, energy and financial shares are among the gainers. Materials shares are weak, weighed down by weak bullion prices. The benchmark S&P/TSX...
The Canadian market ended higher on Wednesday as soft U.S. consumer price inflation data reinforced expectations of a rate cut by the Federal Reserve next month. Healthcare, technology, financials, energy and industrials shares were among the prominent gainers. Consumer staples stocks too found fairly good support. The benchmark S&P/TSX Composite Index, which briefly slipped into...
The Japanese yen weakened against other major currencies in the Asian session on Tuesday, as investors await a slew of U.S. economic data for additional clues on the Federal Reserves policy outlook. The Labour Departments report on producer price inflation for July is due later in the day and consumer price inflation on Wednesday. Both...
The British pound strengthened against other major currencies in the European session on Tuesday, after the U.K. unemployment rate dropped unexpectedly in the second quarter. Data from the Office for National Statistics showed that the unemployment rate fell to 4.2 percent in the three months to June period, while the rate was expected to rise...
Asian stocks moved in a tight range before ending on a mixed note Tuesday as investors awaited a slew of key U.S. economic data this week for additional clues on the Feds rate trajectory. Japanese markets posted strong gains in catch-up trade after a long holiday weekend. Gold dipped ahead of closely watched U.S. producer...
German stocks held steady on Tuesday as investors reacted to a slew of earnings and awaited key U.S. inflation data this week for directional cues. The benchmark DAX was marginally higher at 17,743 after finishing on a flat note the previous day. Chemicals distributor Brenntag dropped 1.1 percent after lowering its full-year guidance. Consumer goods...
French stocks were subdued on Tuesday as investors awaited a slew of key U.S. economic data this week for additional clues on the Feds rate trajectory. The benchmark CAC 40 was marginally lower at 7,244 after falling 0.3 percent in the previous session. The dollar gained after Ukraine said it has seized 1,000 sq km...
U.K. stocks were little changed on Tuesday while the British pound strengthened against other major currencies after data showed the U.K. unemployment rate dropped unexpectedly in the second quarter. Data from the Office for National Statistics showed that the unemployment rate fell to 4.2 percent in the three months to June period, while the rate...
Chinas bank lending remained weak in July amid high interest rates, official data revealed on Tuesday. Aggregate financing totalled CNY 18.87 trillion in the January to July period, which was down by CNY 3.22 trillion, the Peoples Bank of China said. Within this total, yuan-denominated loans to the real economy increased by CNY 12.38 trillion...