French stocks were little changed in cautious trade on Tuesday as investors awaited the release of U.S. consumer price inflation data later in the day that might offer some clarity over the path of interest rates. Economists expect consumer prices to climb by 0.4 percent in February after rising by 0.3 percent in January. The...
The Japanese yen weakened against other major currencies in the pre-European session on Tuesday, as investors speculate that the Bank of Japan is likely to end ultra easy-monetary policy as early as next week. Traders looked ahead to a slew of crucial economic data, including reports on consumer and producer price inflation, for more clarity...
U.K. stocks rallied on Tuesday while the British pound slipped as new data showed a cooling trend in the labor market, prompting traders to reassess their expectations for rate cuts. The unemployment rate increased in January and wage growth slowed, leading to speculation that there will be three rate cuts from the Bank of England...
European stocks ticked higher on Tuesday, after having fallen for the first time in three days the previous day due to uncertainty about the outlook for interest rates. There was some cheer on the economic front, with German inflation easing in February as initially expected. Elsewhere, weak U.K. employment and wage growth data spurred hopes...
After a slightly positive start and a subsequent fall into negative territory, the Canadian market edged higher Tuesday morning, amid optimism about the outlook for U.S. interest rates after data showed a slowdown in the annual rate of core consumer price growth in January. Technology, consumer discretionary, healthcare and industrials shares are among the notable...
The U.S. dollar was higher against its major counterparts in the New York session on Tuesday, after a data showed that consumer inflation increased in line with economist estimates in February, denting prospects of imminent rate cuts from the Federal Reserve. Data from the Labor Department showed that the consumer price index climbed by 0.4...
European stocks closed on a bright note on Tuesday with investors reacting positively to U.S. consumer price inflation data that raised optimism about the outlook for interest rates. Data showing a drop in German inflation, weak U.K. employment and wage growth data spurred hopes of rate cuts by the European Central Bank and the Bank...
This year, Equal Pay Day in the U.S. falls on Tuesday, March 12. So what is the significance of the Equal Pay Day? It is a day that was originated by the National Committee on Pay Equity, or NCPE, in 1996 to promote public awareness regarding the gap between men\'s and women\'s wages. This is...
The Treasury Department\'s Bureau of the Fiscal Service released its monthly budget statement on Tuesday, showing the U.S. budget deficit widened significantly in the month of February. The statement said the budget deficit widened to $296.3 billion in February from $21.9 billion in January. Economists had expected the deficit to widen to $298.0 billion. The...
Reversing direction, the Canadian dollar weakened against the U.S. dollar and the euro in the New York session on Friday. The loonie fell to 1.3476 against the greenback, from an early 4-week high of 1.3419. The loonie touched 1.4750 against the euro, setting a 2-day low. The currency may possibly face support around 1.38 against...