The Canadian dollar was lower against its major counterparts in the New York session on Friday, as oil prices edged lower on concerns about the impact of Hurricane Milton on U.S. oil output. Hurricane Milton caused havoc across Florida, destroying homes and leaving people without power. At least 16 deaths had been reported, though search...
After trending higher over the past couple weeks, the value of the U.S. dollar has fluctuated over the course of trading on Friday. The U.S. dollar index saw some volatility early in the day but is currently posting a modest loss, down just 0.05 points or less than a tenth of a percent at 102.94....
Indian shares look set to open on a positive note Thursday, though volatility cannot be ruled out due to lingering Middle East tensions and ahead of key U.S. consumer and producer price inflation readings due this week. Tata Group stocks could be in focus after veteran industrialist and Groups chairman emeritus Ratan Tata passed away...
The Canadian dollar weakened against other major currencies in the early European session on Thursday, as crude oil prices fell extending recent losses, as data showing an unexpected big jump in crude inventories outweighed possible supply disruptions due to Hurricane Milton and Middle East tensions. West Texas Intermediate Crude oil futures for November ended down...
UK house prices increased for the first time in two years in September as expectations about future interest rate cuts lifted housing market activity, survey data published by Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The house price balance rose to 16 percent in September from a flat result in August. The balance...
The Japanese yen strengthened against other major currencies in the European session on Thursday, after the Bank of Japan deputy Governor Himino said that the central bank would hike rates if it had more confidence in forecasts. Ryozo Himino, deputy governor of the Bank of Japan, stated that if the board has greater confidence in...
Higher crude oil and metal prices indicate a slightly positive start for the Canadian market on Thursday, but the more likely pointer for stocks could be U.S. consumer price inflation data, due before the opening bell. On the Canadian economic front, employment data for the month of September is due Friday morning. A report on...
The World Bank lifted its growth projection for South Asia citing strong domestic demand in India and faster recoveries in most other countries in the region. In its twice-yearly regional outlook, released Thursday, the World Bank said South Asia will expand 6.4 percent in 2024 compared to 6.0 percent estimated previously in April. The growth...
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up...
The Singapore stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,585-point plateau and it may extend Thursdays losses on Friday. The global...