The manufacturing sector in New Zealand continued to contract in September, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 46.0. Thats up from the upwardly revised 46.1 in August (originally 45.9), although it remains beneath the boom-or-bust line of 50 that separates expansion from...
European stocks are seen opening broadly higher on Friday, with market attention focused on a press briefing by Chinas Ministry of Finance scheduled for Saturday, where policymakers may unveil long-anticipated fiscal stimulus plans to revive the struggling property market and boost economic growth. Traders also await U.S. producer price inflation data along with other readings...
Fisher-Price Inc., owned by toymaker Mattel, Inc., is recalling around 2.2 million Snuga Infant swings citing risk of suffocation after 5 deaths were reported since 2012, according to the U.S. Consumer Product Safety Commission. The recall involves all models of Fisher-Price Snuga Swings, which are infant swings with a front to back and side-to-side motion....
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut...
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday. The NZ dollar rose to 2-day highs of 0.6106 against the euro and 1.7913 against the euro, from yesterdays closing quotes of 0.6092 and 1.7937, respectively. Against the Australia and the yen, the kiwi edged up to 1.1044 and 90.79...
Shares of Tesla Inc. were losing more than 8 percent in the early morning trading on the Nasdaq on Friday following the electric vehicle makers long-awaited robotaxi event, which showcased Cybercab self-driving concept car. The event perhaps failed to impress investors and Wall Street analysts. Tesla founder and CEO Elon Musk unveiled the Cybercab robotaxi...
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in...
A report released by the University of Michigan on Friday showed an unexpected deterioration by U.S. consumer sentiment in the month of October. The University of Michigan said its consumer sentiment index fell to 68.9 in October after climbing to 70.1 in September. Economists had expected the index to inch up to 70.8. The unexpected...
The U.S. dollar advanced against its most major counterparts in the New York session on Friday, after producer prices came in unchanged in September. Data from the Labor Department showed that the producer price index came in flat in September after rising by 0.2 percent in August. Economists had expected producer prices to inch up...
The Canadian market is up firmly in positive territory a little past noon on Friday with stocks from across several sectors moving higher as investors cheer upbeat jobs data, and a report showing a slight slowdown in the annual rate of U.S. producer prices growth. Data from Statistics Canada showed that employment in Canada rose...