French stocks held steady on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory. The dollar began the week on a weak note after a couple of Fed officials said its time to...
Indian shares were notably higher on Friday as strong retail sales data and lower-than-expected weekly jobless claims figures helped ease fears of a looming recession in the United States. The benchmark S&P/BSE Sensex was up 620 points, or 0.8 percent, at 79,730 in early trade while the broader NSE Nifty index was up 178 points,...
Retail sales from the UK and foreign trade from the euro area are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for July. Sales are forecast to grow 0.5 percent on month, reversing the 1.2 percent decrease in June. At 2.30 am...
European stocks are seen opening on a mixed note Friday after scoring big gains in the previous session. A cautious undertone may prevail as strong economic data helped quell fears of a looming U.S. recession but prompted traders to lower their expectations of aggressive Federal Reserve interest-rate cuts this year. The University of Michigans preliminary...
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329...
Shares of Bayer AG were climbing around 11 percent in German trading after the pharmaceutical and life sciences major announced a favorable ruling in the United States in the lawsuit over cancer claims against its Roundup weed killer. In a statement, the company noted that the Third Circuit Court of Appeals issued its favorable ruling...
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved by more than expected in the month of August. The University of Michigan said its consumer sentiment index rose to 67.8 in August after falling to 66.4 in July. Economists had expected the index to inch up...
The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJs gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joes candles, and certain baby loungers, citing various reasons. The recalls include BJs Wholesale Clubs about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker...
Canadian stocks climbed higher on Thursday, tracking gains on Wall Street where stocks rallied sharply after data showed a bigger-than-expected increase in U.S. retail sales last month, and a drop in weekly jobless claims. The benchmark S&P/TSX Composite Index ended with a gain of 272.71 points or 1.2% at 23,032.72, slightly off the days high....
U.K. stocks drifted lower on Friday while the British pound strengthened against other major currencies after official data showed that U.K. retail sales volume rebounded in July - dashing investor hopes of a Q4 Bank of England rate cut. U.K. retail sales increased 0.5 percent on a monthly basis in July, following a revised 0.9...