With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March. The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent...
European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for interest rates. Stocks gained in strength early on in the session, reacting to a slew of strong earnings updates. Survey...
The Canadian dollar moved down against its major counterparts in the New York session on Wednesday, following the release of weak retail sales data for February. Data from Statistics Canada showed that retail sales fell 0.1 percent in February following a 0.3 percent drop in the previous month. Economists had expected retail sales to rise...
The Switzerland market ended on a weak note on Wednesday as investors largely stayed cautious and chose to lighten some commitments ahead of a slew of crucial economic data from the U.S. The benchmark SMI, which stayed weak right through the day\'s session, settled with a loss of 98.41 points or 0.86% at 11,370.74, the...
The Thai stock market has moved higher in back-to-back sessions, advancing more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,355-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets is upbeat on optimism over earnings...
The Japanese stock market is sharply higher on Wednesday, adding to the gains in the previous two sessions, following the broadly positive cues from global markets overnight. The Nikkei 225 is surging above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up...
Indian shares look set to open a tad higher on Wednesday as weak U.S. business activity data revived investor hopes for U.S. rate cuts this year. Investor sentiment also received a boost after electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. Closer home, HUL, LTIMindtree, Indian Hotels and Axis Bank are among...
Asian stock markets are a sea of green on Wednesday, following the broadly positive cues from global markets overnight, as data showing a slowdown in U.S. manufacturing activity in the month of April raised hopes the US Fed will start thinking of cutting interest rates soon. Traders also continue to pick up stocks at relatively...
Indian shares opened on a positive note Wednesday as weak U.S. business activity data revived rate cut hopes and electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. The benchmark S&P BSE Sensex was up 167 points, or 0.2 percent, at 73,906 in early trade while the broader NSE Nifty index edged up...
European stocks are likely to open on a positive note Wednesday after electric-vehicle giant Tesla struck an upbeat tone despite reporting a big drop in quarterly profits. The company said it would accelerate the production of more affordable models, beginning in the second half of next year \"if not late this year.\" Several technology heavyweights...