The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May. The personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core PCE price...
Canadian stocks are turning in a mixed performance on Friday with investors digesting the nation\'s GDP data, and the Personal Consumption Expenditure report from the U.S. The benchmark S&P/TSX Composite Index is down 19.51 points or 0.09% 21,922.65 about a quarter past noon. The index touched a high of 22,050.29 earlier in the session. Kinaxis...
Overall private sector credit in Australia was up 0.4 percent on month in May, the Reserve Bank of Australia said on Friday - in line with expectations and easing from 0.5 percent in April. On a yearly basis, overall private sector credit was up 5.2 percent. Housing credit added 0.4 percent on month and 4.6...
The Thai stock market has moved higher in three straight sessions, gathering more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,320-point plateau although it\'s likely to head south on Wednesday. The global forecast for the Asian markets is a mixed bag, with weakness...
The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and its tipped to open in the red...
The Hong Kong stock market headed south again on Friday, one session after ending the three-day losing streak in which it had given up almost 550 points or 3 percent. The Hang Seng now sits just beneath the 17,950-point plateau and it\'s likely to extend its losses on Monday. The global forecast for the Asian...
The Thai stock market has moved lower in back-to-back sessions, slipping more than 10 points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it may take further damage again on Monday. The global forecast for the Asian markets is soft amid mixed cues for...
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a...
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement. Nielsen remains CEO and Chair of the Board until his retirement, at which...
The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank\'s view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace...