A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. surged by much more than expected in the month of November. NAR said its pending home sales index shot up by 2.2 percent to 79.0 in November after jumping by 1.8 percent to 77.3 in October. Economists...
Chinas private sector expanded at the end of the year as fiscal stimulus and loose monetary policy provided a near-term support to growth, official survey results revealed on Tuesday. The manufacturing Purchasing Managers Index dropped to 50.1 in December from 50.3 in the previous month, data published by the National Bureau of Statistics showed. The...
European stocks are likely to open on a sluggish note Tuesday, the last trading day of 2024. Most regional markets are set to close early today for New Year eve and will remain shut on Wednesday. Asian markets traded lower in cautious year-end trading and U.S. stock futures dipped as investors fretted about U.S. President-elect...
Asian stocks fell in thin holiday trade on Tuesday. Volumes were light amid holidays in Japan and South Korea. South Korea was closed for New Years Eve holiday, while Japanese markets remain closed from Tuesday through Jan. 6. Markets in Australia, New Zealand, Singapore and Hong Kong all closed early on New Years Eve. The...
European stocks were moving lower in thin holiday trade on Tuesday, taking their cues from a sell-off on Wall Street overnight and weak cues from Asia. Major markets across Europe will be operating a half-day today, with bourses in Germany, Italy and Switzerland already closed. The economic data calendar for the day remains relatively light....
Indian shares recovered from early losses to end on a flat note Tuesday. The benchmark S&P/BSE Sensex ended the session down 109.12 points, or 0.14 percent, at 78,139.01 due to relentless FII selling on the years final trading day. The broader NSE Nifty index closed little changed with a negative bias at 23,644.80. The Sensex...
Indian billionaire Gautam Adanis conglomerate is exiting from its food FMCG joint venture, Adani Wilmar Ltd., with its Singaporean JV partner Wilmar International Ltd. in a deal, which is reportedly worth $2 billion. Shares of Adani Enterprises Limited or AEL dropped around 3 percent in Indian trading after it agreed to sell its entire 44...
Higher Canadian and U.S, futures, and fairly steady commodity prices point to a positive start on Bay Street on Tuesday, the final trading session of 2024. Worries about the outlook for interest rates, and concerns over tariff threats by U.S. President-elect Donald Trump may limit markets upside. Despite recovering from early lows, the Canadian market...
Billionaire Elon Musk has changed his name on his social media platform X, formerly Twitter, to Kekius Maximus. His profile picture has also been replaced with the popular meme Pepe the Frog, dressed up as a warrior holding a video game joystick. In a post on X, Musk said, Kekius Maximus will soon reach level...
The U.S. dollar advanced against its major counterparts in the New York session on Tuesday amid indications of a hawkish Federal Reserve heading into 2025. President-elect Donald Trumps policies could stoke inflation and alter the Feds monetary policy stance. Hawkish stance from the Fed and higher tariffs are expected to increase demand for the dollar....