UK house prices posted a faster-than-expected growth and ended 2024 on a strong footing, the Nationwide Building Society said Thursday. House prices grew 4.7 percent year-on-year in December, faster than the 3.7 percent increase in November and also came in stronger than economists forecast of 3.8 percent gain. At the same time, on a monthly...
Higher Canadian and U.S. futures and rising crude oil and bullion prices indicate a positive open for the Canadian market Thursday morning. Weak manufacturing activity data from major European countries may hurt a bit. Investors will also be reacting to a report on Canadian manufacturing activity, due this morning. The S&P Global Canada Manufacturing PMI...
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous weeks revised level of 220,000. The dip surprised economist, who had expected jobless...
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous weeks revised level of 220,000. The dip surprised economist, who had expected jobless...
With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual...
European stocks shrugged off early weakness and closed on a positive note on Thursday, the first trading session in 2025, despite data showing a sharp contraction in manufacturing activity in most of the major economies in the region in the month of December, persisting concerns on the geopolitical front. Automobile stocks underperformed amid concerns over...
The Canadian market remains firmly placed in positive territory Thursday afternoon despite paring a significant portion of early gains. Materials and energy stocks have moved higher thanks to firm commodity prices. Encouraging manufacturing activity data is aiding sentiment. The benchmark S&P/TSX Composite Index, which climbed to 25,003.17, was up 106.28 points or 0.43% at 24,834.22...
The U.S. dollar rose against its major counterparts in the New York session on Thursday, as the nations jobless claims came in below economists forecasts last week, supporting expectations that the Federal Reserve will slow the pace of rate cuts going forward. Data from the Labor Department showed that initial jobless claims slipped to 211,000,...
The U.S. dollar rose to over 2-year high on Thursday amid bets the pace of interest rate cuts by the Federal Reserve will be slow this year, after data showed a bigger than expected drop in weekly jobless claims. Data from the Labor Department report showed an unexpected decline by weekly jobless claims seemingly provides...
The Canadian market ended the first trading session on a strong note, as materials and energy stocks climbed higher on firm metal and crude oil prices on Thursday. Data showing continued expansion in Canadas manufacturing activity also helped underpin sentiment. The benchmark S&P/TSX Composite Index, which climbed to 25,003.17 in the session, closed with a...