The U.S. dollar moved lower against its major counterparts in the New York session on Thursday, as strong jobless claims data raised the prospect of interest rate cuts this year. Data from the Labor Department showed that initial jobless claims climbed to 221,000 in the week ended March 30, an increase of 9,000 from the...
European stocks closed higher on Thursday with investors digesting Eurozone private sector and producer price inflation data, the minutes of European Central Bank\'s most recent policy meeting and Fed Chair Jerome Powell\'s comments on interest rate outlook, and awaiting the crucial U.S. non-farm payroll data due on Friday. The ECB\'s rate-setters were increasingly confident of...
The Switzerland market ended on a firm note on Thursday with bulk of its gains coming in late afternoon trade thanks to some strong buying at several counters. Cooler than expected Swiss inflation data and optimism about interest rate cuts by come major central banks during the current quarter helped underpin sentiment. The benchmark SMI...
After hitting a record high, the Canadian market retreated and ended on a weak note on Thursday, as traders chose to trim down positions ahead of crucial Canadian and U.S. jobs data. Healthcare, consumer staples and technology stocks ended weak. Consumer discretionary and energy stocks were among the prominent gainers in the session. The benchmark...
The U.S. dollar turned weak Thursday morning after data showing a jump in jobless claims raised the prospect of interest rate cuts this year. However, it recovered as the day progressed and even managed to gain some ground against a few of its major counterparts. Data from the Labor Department showed that initial jobless claims...
Indian shares are seen opening lower on Friday after the S&P 500 posted its biggest daily percentage drop since Feb. 13 overnight on concerns about the outlook for interest-rate cuts. Investors also await the RBI\'s rate decision later in the day, which might be impacted by a number of factors inflation, growth prospects and global...
Indian shares opened on a weak note Friday as investors reacted to weak global cues and awaited the RBI\'s policy meeting outcome. Global sentiment remained fragile as higher energy prices and hawkish comments from Fed officials spurred concerns about the outlook for inflation and interest rates. The benchmark S&P BSE Sensex dropped 215 points, or...
Factory orders and construction Purchasing Managers\' survey results from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 AM ET, Destatis is scheduled to issue Germany\'s factory orders data for March and import prices for February. Orders are expected to grow 0.3 percent on month, following a...
European stocks may decline at open on Friday after a trio of Fed policymakers cooled hopes of immediate rate cuts. Richmond Fed President Tom Barkin said that officials can afford to take time to when considering interest rate decreases and \"no one wants inflation to reemerge.\" Minneapolis Fed President Neel Kashkari said that he has...
UK house prices declined unexpectedly in March as higher interest rates continue to damp affordability, data published by the Nationwide Building Society revealed Tuesday. The house price index posted a monthly fall of 0.2 percent in March, in contrast to the 0.7 percent rise in February and confounding the forecast of 0.3 percent gain. House...