A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had...
Indian shares were subdued in early trade on Friday as investors reacted to mixed industrial output and retail inflation readings and awaited a Federal Reserve interest-rate cut next week. The benchmark S&P/BSE Sensex dipped 198 points, or 0.2 percent, to 82,764 while the broader NSE Nifty index was down 63 points, or 0.3 percent, at...
European stocks are likely to open on a firm note Friday, a day after the European Central Bank cut the deposit interest rate by 25 basis points, as expected, and kept the door wide open for more rate cuts without giving any guidance on the future path. An interest rate cut from the Bank of...
The U.S. Food and Drug Administration authorized Apple Inc.s over-the-counter or OTC hearing aid software device, Hearing Aid Feature, a first of its kind. The tech major intends to use the new software with compatible versions of the Apple AirPods Pro headphones. The Hearing Aid Feature or HAF, once installed and customized to the users...
The U.S. dollar weakened against its major counterparts in the Asian session on Friday. In contrast, the Japanese yen strengthened against its peers, as investors are upbeat about the rising prospects of an interest rate cut by the U.S. Fed next week, and probability of a series of interest rate cuts before the end of...
The U.S. dollar extended decline against its major counterparts in the New York session on Friday. The greenback fell to 1-week lows of 1.1101 against the euro and 1.3157 against the pound, off its early highs of 1.1070 and 1.3114, respectively. The greenback dropped to a 2-day low of 0.8443 against the franc and near...
The Canadian dollar weakened against the U.S. dollar in the New York session on Friday. The loonie was trading at 1.3590 against the greenback, down from an early sessions high of 1.3565. The currency is seen finding support around the 1.38 level.
The Switzerland market closed higher on Friday, tracking positive cues from other European markets amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions before the end of the year. The benchmark SMI, which moved between 12,022.46 and 12,077.91, ended with a modest gain of 54.94 points or 0.46%...
Despite paring some early gains, the Canadian market holds in positive territory Friday afternoon with stocks from real estate, healthcare and materials sectors staying firm thanks to sustained buying interest. Technology stocks are also faring reasonably well. Consumer staples, industrials, energy and financials sectors are largely subdued. The benchmark S&P/TSX Composite Index, which climbed to...
The U.S. dollar drifted lower on Friday, extending weakness from the previous session, amid bets the Federal Reserve might announce a larger interest-rate cut nex week, and also deliver a few more reductions in the coming months. In economic news today, the University of Michigan said its consumer sentiment index rose to 69.0 in September...