A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous weeks revised level of 234,000. Economists had expected jobless claims to...
Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists...
Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday. The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent. The...
Indian stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), remain closed today on account of Independence Day. Trading in derivatives, equities, SLBs, currency derivatives, interest rate derivatives and commodity derivatives also remain shut for the day. Benchmark indexes Sensex and Nifty eked out modest gains on Wednesday while the rupee...
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3...
Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday. The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent. Meanwhile,...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing softened overall in the month of August. The Philly Fed said its diffusion index for current general activity plunged to a negative 7.0 in August from a positive 13.9 in July, with a negative reading indicating contraction. Economists had expected...
Chinas industrial production and investment logged another slower growth in July, while retail sales growth showed a moderate improvement on the back of government support measures, indicating a fragile recovery at the start of the third quarter. Industrial production posted a 5.1 percent yearly growth in July, weaker than Junes 5.3 percent increase, the National...
European stocks were flat to slightly higher on Thursday as signs of slowing inflation in the U.S. bolstered the case for the Federal Reserve to start cutting interest rates in September. Investors shrugged off mixed economic activity data from China and eyed U.S. reports on weekly jobless claims, retail sales and industrial production later in...
The Philippine central bank unexpectedly lowered its benchmark rates for the first time in nearly four years and hinted at more easing amid well-anchored inflation expectations. The monetary board of the Bangko Sentral ng Pilipinas governed by Eli Remolona reduced the target reserve repurchase rate by 25 basis points to 6.25 percent. Markets were expecting...