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...
Asian stocks declined on Wednesday as investors watched the latest updates on the Trump-Harris presidential debate and braced for U.S. consumer price inflation data that could influence the Federal Reserves policy moves next week. Analysts expect the headline CPI to have risen 0.2 percent month-on-month in August, unchanged from the previous month. The dollar dropped...
German stocks traded higher on Wednesday ahead of key U.S. consumer price inflation data due later in the day and a European Central Bank (ECB) policy meeting on Thursday. The ECB is expected to cut its deposit rate by 25 basis points on Sept. 12 and again in December. The benchmark DAX was up 57...