The UK housing market conditions strengthened in August as the recent decrease in mortgage interest rates spurred demand and sales activity, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday. The number of people looking to buy homes increased in August, with the balance rising to 15 from 4 in July....
The Canadian dollar dropped against its major counterparts in the New York session on Thursday. The loonie touched 0.9106 against the aussie, setting a 6-day low. The loonie fell to 1.5019 against the euro, 1.3604 against the greenback and 104.37 against the yen, from an early 9-day high of 1.4936 and 2-day highs of 1.3565...
European stocks closed higher on Thursday with investors reacting positively to the European Central Banks monetary policy statement, and U.S. producer price inflation data. The ECB reduced its key interest rates by 25 basis points, as expected, as the euro area growth is expected to slow on weaker demand and core inflationary pressures remain high,...
The U.S. dollar fell on Thursday amid rising prospects of an interest rate cut by the Federal Reserve next week, and probability of more reductions before the end of the year, in the wake of the recent data on inflation. The U.S. Labor Department said its producer price index for final demand crept up by...
The Canadian market rose to a record high on Thursday, with stocks from the materials sector hogging the limelight as metal prices climbed higher. Utilities, industrials, consumer staples and energy sectors were among the other notable gainers. Easing concerns about U.S. inflation and rising prospects of a few interest rate cuts by the Federal Reserve...
South Korea will on Friday release August figures for import and export prices, highlighting a modest day for Asia-Pacific economic activity. In July, import prices were up 9.8 percent on year and export prices jumped an annual 12/9 percent. New Zealand will see August results for the manufacturing PMI from BusinessNZ; in July, the index...
Canadian stocks tumbled after a slightly flat start Tuesday morning, but recovered gradually as the days session progressed and eventually ended with a marginal loss. The market dropped to the sessions low around noon, and then kept paring losses on bargain hunting. The mood in the market was cautious as investors awaited key U.S. inflation...
New Zealand will on Tuesday release Q2 numbers for manufacturing sales volume, highlighting a light day for Asia-Pacific economic activity. In Q1, sales dipped 0.4 percent on quarter. South Korea will provide August numbers for unemployment; in July, the jobless rates was 2.5 percent. Australia will see September results for the inflation forecast from the...
The South Korea stock market has finished lower in six straight sessions, plunging more than 160 points or 6 percent along the way. The KOSPI now rests just above the 2,520-point plateau although its expected to find traction on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of key inflation...
The UK economy unexpectedly stagnated in July as falls in production and construction was offset by an increase in services output, official data revealed Wednesday. Real gross domestic product showed nil growth for the second straight month, the Office for National Statistics reported. GDP was forecast to grow 0.2 percent. The 0.1 percent rise in...