First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week\'s revised level of 209,000. Economists had expected jobless claims...
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023. Data from the Labor Department showed that initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week\'s revised level of...
The euro firmed against its most major counterparts in the New York session on Thursday. The euro climbed to an 8-day high of 167.75 against the yen and a 2-day high of 1.0781 against the greenback, from an early low of 166.74 and a 6-day low of 1.0723, respectively The euro touched 0.9774 against the...
European stocks closed broadly higher on Thursday with most of the major markets extending recent gains, amid rising optimism about interest rate cuts by several central banks. Geopolitical tensions weighed a bit on sentiment and limited markets\' upside. Data showing a much bigger than expected increase in U.S. jobless claims in the week ended August...
Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza. The United States has played down the deadly Israeli assault on Rafah and said it would push for the ceasefire deal. On the earnings...
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders largely refrained from making significant moves after hawkish comments from a few US Fed officials again raised concerns about the outlook for interest rates. Asian markets closed mostly higher on Tuesday. Minneapolis Federal Reserve President Neel...
Indian shares opened on a tepid note Wednesday as investors reacted to hawkish Fed comments and watched closely the ongoing conflict in the Middle East. The benchmark S&P BSE Sensex was up 180 points, or 0.2 percent, at 73,330 in early trade, while the broader NSE Nifty index was down 41 points, or 0.2 percent,...
Industrial production from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s industrial production data for March. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February. In...
European stocks are seen opening broadly lower on Wednesday as investors assess the Federal Reserve\'s interest rate stance and keep a wary eye on the ongoing conflict in the Middle East. The U.S. dollar held firm as traders repriced their expectations for interest rate cuts. Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates...
While reporting financial results for the second quarter on Wednesday, Griffon Corp. (GFF) raised its revenue expectation for the full-year 2024 to $2.65 billion from the prior guidance of $2.6 billion. On average, five analysts polled by Thomson Reuters expect the company to report revenues of $2.63 billion for the year. Separately, the Board of...