India\'s economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent. Manufacturing registered double-digit growth of 11.6 percent in the December quarter, followed by 9.5 percent...
The Canadian dollar advanced against its major counterparts in the New York session on Thursday, as U.S. stocks rose after a key inflation reading came in line with expectations in January. Data from the Commerce Department showed that the Federal Reserve\'s preferred measure of inflation, the personal consumption expenditures price index, increased 0.3 percent on...
European stocks closed on a mixed note on Thursday as investors digested a slew of economic data including U.S. personal consumption expenditure report, inflation reports from Germany, France and Spain, in addition to reacting to corporate earnings updates. Data from the Commerce Department showed consumer price growth in the U.S. slowed to 2.4% in January...
European stocks may open on a mixed note Wednesday as investors await key U.S. GDP and inflation readings along with speeches by Fed officials for fresh clues on the timing of the Federal Reserve\'s easing cycle. Eurozone economic sentiment survey results as well as a revised reading on fourth quarter U.S. GDP may attract attention...
Economic confidence survey data from the euro area is the top economic news due on Wednesday. At 3.00 am ET, producer prices from the Czech Republic and business sentiment from Sweden are due. The Czech producer prices are expected to fall 1.8 percent annually in January, in contrast to the 1.4 percent rise in December....
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday. The NZ dollar fell to near 2-week lows of 0.6103 against the U.S. dollar and 91.84 against the yen, from yesterday\'s closing quotes of 0.6169 and 92.84, respectively. Moving away from a recent 2-day low of 1.7555 against the euro,...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday. The Australian dollar fell to nearly a 2-week low of 0.6512 against the U.S. dollar and an 8-day low of 98.09 against the yen, from yesterday\'s closing quotes of 0.6543 and 98.47, respectively. Against the euro, the aussie slipped to 1.6627...
The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday. The U.S. dollar rose to nearly a 2-week high of 1.3550 against the Canadian dollar, from Tuesday\'s closing value of 1.3527. Against the euro and the pound, the greenback advanced to 2-day highs of 1.0825 and 1.2658 from yesterday\'s closing quotes...
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the New Zealand\'s central bank left the benchmark interest rate unchanged for the fifth straight meeting, as widely expected, and suggested that the rate will remain tight for a sustained period of time. The Monetary Policy Committee of the...
While reporting financial results for the fourth quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) initiated its earnings and comparable store sales outlook for the first quarter and for the full-year 2024. For the first quarter, the company now expects earnings in a range of $0.84 to $0.86 per share on consolidated comparable store...