European stocks closed higher on Thursday amid optimism the Chinese government will announce more stimulus measures to help spur growth in the nations economy, and on hopes the Federal Reserve will cut interest rates further in the coming months. Chinas politburo vowed to step up fiscal support to stabilize the beleaguered property sector. Investor sentiment...
The Switzerland market started off on a firm note Thursday morning, but pared gains and very nearly slipped into the red by early afternoon, before recovering well to end the days session moderately higher. Investors digested the Swiss National Banks interest rate move, and awaited some key economic data from the U.S. The benchmark SMI...
Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Microns strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday. Asian stocks are broadly higher on Friday,...
European markets are expected to open on Friday on a cautiously optimistic note amidst anxiety ahead of the crucial PCE-based inflation update due from the U.S. on Friday that could sway the Feds plans regarding further monetary easing. The PCE Price Index is expected to soften both on a year-on-year as well as month-on-month basis....
Despite positive global cues and rising optimism about more interest rate cuts by the Federal Reserve and a few other major central banks, Indian shares are turning in a mixed performance Friday morning with investors largely making cautious moves after recent strength. Still, benchmark indexes Sensex and the Nifty50 hit new record highs this morning....
Moline, Illinois-based Deere & Co. is recalling about 147,900 units of Compact Utility Tractors citing risk of crash, according to the U.S. Consumer Product Safety Commission. In addition, about 16,800 units were sold in Canada. The recall involves John Deere 1023E, 1025R, and 2025R Compact Utility Tractors in green and yellow, and were sold with...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 70.1 from a preliminary reading of 69.0. Economists had expected a more modest...
Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel...
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as PCE inflation cooled in August, raising the possibility of a 50 basis point rate cut by the Federal Reserve in November. On an annual basis, PCE inflation slowed to 2.2 percent in August from 2.5 percent in July. Economists...
European stocks closed higher on Friday, with several major markets hitting record highs, as investors continued to cheer Chinas stimulus announcements, and bet on hopes of more interest-rate cuts by central banks. Soft inflation data from France and Spain also helped underpin sentiment. The pan European Stoxx 600 ended up 0.47%. The U.K.s FTSE 100...