The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October. The Commerce Department said retail sales rose by 0.4 percent in October after...
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell. The benchmark SMI closed down 156.61 points or 1.33% at 11,627.04. Data from the State Secretariat for Economic Affairs, or SECO, said gross domestic product...
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell. The benchmark S&P/TSX Composite Index was down 204.79 points or 0.82% at 24,844.88 a little while ago. Alimentation Couche-Tard Inc...
The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserves interest rate trajectory. The benchmark S&P/TSX Composite Index, which opened at 25,004.49 and dropped to a low of 24,814.91 around mid afternoon, ended the days session at 24,890.68 with a loss...
Fast-food restaurant chain KFC, owned by Yum! Brands, has sued rival Churchs Texas Chicken in federal court for allegedly violating its trademark rights by using Original Recipe phrase in its ads. In a filing with the U.S. District Court for the Eastern District of Texas, the fried chicken chain complained that the use of phrase...
German stocks advanced on Thursday as investors reacted to upbeat earnings news and awaited Eurozone GDP later in the day. Bundesbank President Joachim Nagel warned on Wednesday that Donald Trumps threatened trade levies risk derailing the German economy. If the tariff plans are implemented, it could cost us 1 percent of economic output, he told...
French stocks edged up slightly on Thursday ahead of Eurozone growth data due later in the day. Earnings offered some comfort as bond yields surged amid inflation concerns under Trumps presidency. European government bond yields increased, mirroring U.S. Treasuries, on expectations that Trumps proposed policies and tariffs may result in increased U.S. deficit. The benchmark...
U.K. stocks eked out modest gains Thursday on the back of upbeat earnings news. The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 8,042 after finishing marginally higher on Wednesday. Burberry shares jumped nearly 15 percent after new CEO of the fashion brand, Joshua Schulman, pledged to stabilize the business with a...
European stocks traded higher on Thursday, with underlying sentiment supported by positive corporate and earnings news. On a busy day of economic calendar, investors await the release of the eurozones second estimate for gross domestic product growth and third-quarter flash employment data later in the day. Minutes from the European Central Banks (ECB) October policy...
Indian shares moved in a narrow range before finishing marginally lower on Thursday ahead of a public holiday for markets on Friday for Guru Nanak Jayanti. The benchmark 30-share BSE Sensex ended the session down 110.64 points, or 0.14 percent, at 77,580.31, extending declines for a sixth day running and marking a weekly decline of...