The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative...
With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to...
The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates. The slight decrease by business inventories came as wholesale...
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September. Data from the Labor Department showed that the consumer price index increased by 0.3...
European stocks closed broadly higher on Wednesday after data showing less than expected rise in U.S. consumer prices in the month of April helped ease concerns about the outlook for interest rates. Investors also reacted positively to the latest batch of European economic data. Data from the Labor Department showed consumer prices in the U.S....
The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive. The benchmark SMI ended with a gain...
The M2 money stock in Japan was up 2.2 percent on year in April, the Bank of Japan said on Monday - coming in at 1,260.1 trillion yen. That was shy of expectations for an increase of 2.5 percent, which would have been unchanged. From the March reading. The M3 money stock rose an annual...
The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.7 percent in that span. The Straits Times Index now rests just above the 3,290-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets suggests mild upside on conflicting factors in...
The Taiwan stock market bounced higher again on Friday, one day after ending the four-day winning streak in which it had advanced more than 480 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 20,700-point plateau although it may be stuck in neutral on Monday. The global forecast for the Asian...
The China stock market has tracked higher in back-to-back sessions, gathering more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,155-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets suggests mild upside on conflicting factors in...