Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2023. The Commerce Department said the jump by real gross domestic product in the fourth quarter was downwardly revised to 3.2 percent from the previously reported 3.3 percent. Economists had...
APi Group Corp. (APG) on Wednesday reported a net loss attributable to common shareholders for the fourth quarter of $256 million or $1.08 per share, compared to net income of $11 million or $0.04 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $0.44 per share, compared to $0.36...
The pound traded lower on Wednesday, amid a resurgence in the U.S. dollar ahead of key inflation data. Personal consumption expenditures price index, scheduled for release on Thursday, may influence investor expectations about the Fed\'s potential moves on interest rates. On Tuesday, Fed Governor Michelle Bowman said inflation will continue to decline further but it\'s...
Total credit in Australia\'s private sector was up a seasonally adjusted 0.4 percent on month in January, the Reserve Bank of Australia said on Thursday - unchanged and in line with expectations. Housing credit also rose 0.4 percent on month, while personal credit added 0.2 percent and business credit gained 0.7 percent. On a yearly...
The total value of new capital expenditure in Australia was up a seasonally adjusted 0.8 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Thursday - coming in at A$40.061 billion. That beat forecasts for an increase of 0.4 percent following the downwardly revised 0.3 percent increase in...
The China stock market has finished lower in two of three trading days since the end of the eight-day winning streak in which it had surged more than 300 points or 10.9 percent. The Shanghai Composite Index now rests just beneath the 2,960-point plateau and it\'s due for further consolidation on Thursday. The global forecast...
The Hong Kong stock market headed south again on Wednesday, one day after ending the two-day slide in which it had slumped more than 100 points or 0.6 percent. The Hang Seng Index now sits just above the 16,530-point plateau and it\'s looking at another soft start again on Thursday. The global forecast for the...
The Australian stock market is slightly lower on Thursday, adding the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,700 level, with weakness across most sectors led by technology and mining stocks. The benchmark S&P/ASX 200 Index is losing 5.40 points...
The Indonesia stock market has moved higher in back-to-back sessions, advancing more than 45 points or 0.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,330-point plateau although it may run out of steam on Thursday. The global forecast for the Asian markets is one of caution ahead of key...
The euro strengthened against other major currencies in the European session on Monday, as traders turned their attention towards the ECB President Christine Lagarde\'s speech later on the day. European Central Bank president Christine Lagarde will speak in a plenary debate on the ECB Annual Report 2022 in Strasbourg, France later today. U.S. PCE numbers...