Asian stocks ended mixed on Tuesday as many regional markets resumed trading after a long holiday weekend. A stronger dollar and higher Treasury yields weighed on sentiment as strong U.S. manufacturing data stirred fresh worries over the timing of interest rate cuts by the Federal Reserve. Gold scaled a record high while oil prices rose...
German stocks were seeing marginal gains on Tuesday ahead of eurozone manufacturing and German inflation data, due out later in the day. Investors shrugged off separate data showing that German manufacturing activity contracted at a more marked pace in March. The benchmark DAX was marginally higher at 18,503, giving up some early gains. In corporate...
French stocks rose slightly on Tuesday as a new survey showed manufacturing activity in the country improved slightly in March. The manufacturing sector endured another month of contraction in the month, but business sentiment was optimistic, according to the latest HCOB PMI data. The benchmark CAC 40 was up 0.3 percent at 8,227 as trading...
The Swiss franc weakened against other major currencies in the European session on Tuesday. The Swiss franc fell to a 5-month low of 0.9090 against the U.S. dollar and a 6-day low of 166.81 against the yen, from early highs of 0.9050 and 167.62, respectively. Against the euro and the pound, the franc slipped to...
U.K. stocks eked out modest gains on Tuesday as strong U.S. manufacturing data helped lift mining and energy stocks. Also, British manufacturers reported their first overall growth in activity in 20 months in March on the back of recovering demand in their home market. The S&P Global/CIPS UK Manufacturing Purchasing Managers\' Index (PMI) rose to...
Consumer price inflation in Germany slowed for a third straight month in March to its lowest level in nearly three years but core inflation remained high, thus complicating the picture for the European Central Bank that is set to announce the latest rate decision next week and is facing calls for an interest rate cut,...
After reporting a steep drop in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Tuesday showing a significant rebound in factory orders in the month of February. The Commerce Department said factory orders surged by 1.4 percent in February after plunging by a revised 3.8 percent...
Job openings in the U.S. came in little changed from a downwardly revised level in the month of February, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings crept up to 8.756 million in February from a downwardly revised 8.748 million in January. Economists had expected job...
After reporting a steep drop in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Tuesday showing a significant rebound in factory orders in the month of February. The Commerce Department said factory orders surged by 1.4 percent in February after plunging by a revised 3.8 percent...
The Canadian dollar weakened against its major counterparts in the New York session on Tuesday, as traders lowered expectations for interest rate cut in June following strong U.S. manufacturing data. Overnight data showed that U.S. manufacturing activity expanded for the first time in 1-1/2 years in March, pouring cold water on hopes for interest rate...