European stocks are turning in a mixed performance on Thursday with investors assessing the latest economic data, the impact of the developments on the geopolitical front, and Donald Trumps second term as U.S. President, on global economic growth. The mood remains cautious with investors digesting quarterly results from Nvidia. While earnings surpassed quarterly estimates, the...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction. Economists had...
Existing home sales in the U.S. rebounded by more than expected in the month of October, according to a report released by the National Association of Realtors on Thursday. The report said existing home sales surged by 3.4 percent to an annual rate of 3.96 million in October after slumping by 1.3 percent to a...
A reading on leading U.S. economic indicators fell by slightly more than expected in the month of October, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index slid by 0.4 percent in October after dipping by a revised 0.3 percent in September. Economists had expected the...
European stocks closed higher on Thursday with some markets moving into positive territory well past mid afternoon, as investors digested regional and U.S. economic data, and corporate news, in addition to following the developments on the geopolitical front. Investors also assessed the likely impact of Donald Trumps second term as U.S. President, on global economic...
The South Korea stock market on Thursday snapped the three-day winning streak in which it had rallied more than 65 points or 2.7 percent. The KOSPI now sits just above the 2,480-point plateau although it may see renewed strength on Friday. The global forecast for the Asian markets is upbeat on solid earnings news and...
The manufacturing sector in Australia continued to contract in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 49.4. Thats up from 47.3 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed...
The Malaysia stock market has moved lower in three straight sessions, slipping more than 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau although its tipped to open in the green on Friday. The global forecast for the Asian markets is upbeat on solid...
Overall consumer prices in Japan were up 2.3 percent on year in October, the Ministry of Internal Affairs and Communications said on Friday. That was in line with expectations and down from 2.5 percent in September. On a seasonally adjusted monthly basis, overall inflation was up 0.4 percent - exceeding forecasts for 0.2 percent following...