A reading on leading U.S. economic indicators fell by much more than expected in the month of July, according to a report released by the Conference Board on Monday. The Conference Board said its leading economic index slid by 0.6 percent in July after dipping by 0.2 percent in June. Economists had expected the index...
The U.S. dollar was lower against its most major counterparts in the New York session on Monday, as dovish comments from Fed officials fueled optimism about a rate cut in September. Minneapolis Fed President Neel Kashkari said that it is appropriate to debate about a rate cut in September amid concerning signs in the labor...
Asian stocks turned in a mixed performance on Tuesday despite dovish Fed expectations and signs of easing Middle East tensions. The dollar index was on the defensive as investors awaited minutes of the Federal Reserves July policy meeting and a speech from Chair Jerome Powell at Jackson Hole for additional clues on the possibility of...
Boeing Co. has paused flight tests for its new 777X jetliner and grounded the four-aircraft test fleet after finding damage in the engine-related structural component of one of the wide-body jetliners, reports said. The decision was made after the aerospace and defence major, during routine maintenance following a test flight, identified a severed thrust link...
German stocks were modestly higher in cautious trade on Tuesday ahead of the release of Eurozone final inflation data later in the day. Meanwhile, Germanys producer prices continued to decrease on weaker energy prices in July but the overall pace of fall in producer prices slowed further, data from Destatis revealed earlier today. The annual...
French stocks were seeing modest gains on Tuesday ahead of final inflation figures from the euro area due later in the day. The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,514 after climbing 0.7 percent in the previous session. The dollar hovered near a seven-month low amid bets the U.S. Federal...
U.K. stocks declined on Tuesday as falling crude oil prices amid signs of easing tensions in the Middle East weighed on the energy sector. The benchmark FTSE 100 dropped 40 points, or half a percent, to 8,317 after gaining 0.6 percent the previous day. BP Plc fell 1.8 percent and Shell lost 2.1 percent as...
European stocks were broadly higher on Tuesday, extending gains for a sixth consecutive session after the annual inflation rate in the Eurozone was confirmed at 2.6 percent in July, according to Eurostats second estimate. Overall gains remained limited as investors awaited minutes of the Federal Reserves July policy meeting and a speech from Chair Jerome...
Semiconductor major Texas Instruments Inc. Friday said it has signed a preliminary agreement with U.S. Department Of Commerce to receive up to $1.6 billion in direct funding through the CHIPS and Science Act for 300mm semiconductor manufacturing in Texas and Utah. The company also expects to receive an estimated $6 billion to $8 billion from...
The Canadian market may open slightly down on Friday as weak crude oil prices could weigh on energy stocks. However, firm bullion prices, and easing concerns about the outlook for U.S. economic growth are likely to limit markets downside. Data on Canadian housing starts for the month of July is due at 8:15 AM ET....