The U.S. economy unexpectedly grew by more than previously estimated in the fourth quarter of 2023, the Commerce Department revealed in a report released on Thursday. Revised data showed real gross domestic product surged by 3.4 percent in the fourth quarter compared to the previously reported 3.2 percent jump. Economists had expected the pace of...
A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of March. MNI Indicators said its Chicago business barometer fell to 41.4 in March from 44.0 in February, with a reading below 50 indicating contraction. Economists had expected the index to rise to 46.0....
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in February after plunging...
The Canadian market is up in positive territory Thursday morning, led by gains in materials stocks thanks to a surge in gold prices. Energy and consumer discretionary stocks are finding some support, while shares from other sectors are turning in a mixed performance. Data showing stronger than expected Canadian and U.S. GDP growth contribute to...
The Australian market is significantly higher on Thursday, extending the gains in the previous session, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving to a tad below the 7,900 level to fresh all-time highs, with gains across most sectors led by energy and mining stocks amid firmer gold,...
The Indonesia stock market has tracked lower in back-to-back sessions, slumping more than 65 points or 0.8 percent along the way. The Jakarta Composite Index now sits just above the 7,310-point plateau although it may stop the bleeding on Thursday. The global forecast for the Asian markets is upbeat on continued optimism over the outlook...
The Thai stock market has ticked higher in back-to-back sessions, collecting almost 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,380-point plateau and it may find additional support again on Thursday. The global forecast for the Asian markets is upbeat on continued optimism over the...
Giving up the gains in the previous session, the Japanese market is significantly lower on Thursday, despite the broadly positive cues from global markets overnight. The Nikkei 225 is falling to well below the 40,300 level, with losses across most sectors as some traders booked profits after the recent strength in the markets. The benchmark...
Indian shares look set to open on a cautious note Thursday as investors await key U.S. inflation data and Federal Reserve commentary for signals on the rate path. A market holiday on March 29 on account of Good Friday may also keep investors on the sidelines. Banks and non-banking financial companies could be in focus...
The Canadian market is likely to see a mixed start Thursday morning with investors reacting to the data on Canadian and U.S. GDP, and tracking commodity prices. Final data on Canadian GDP, and a preliminary reading of Canadian GDP growth rate for the month of February are due at 8:30 AM ET. Data on average...