The Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators increased for the first time in well over two years in the month of November. The report said the leading economic index rose by 0.3 percent in November after falling by 0.4 percent in October. Economists had expected the...
The Canadian market is down in negative territory around noon on Thursday with stocks drifting lower for a sixth straight session, weighed down by lingering concerns about the outlook for growth, fears of tariff hikes, and hawkish comments from the Federal Reserve. The benchmark S&P/TSX Composite Index, which dropped to a low of 24,422.23, is...
European stocks closed notably lower on Thursday, with several markets falling to multi-week lows, as investors reacted to the policy announcements and views about economic outlook from the Federal Reserve and the Bank of England, in addition to digesting the latest batch of European and U.S. economic data. The pan European Stoxx 600 closed down...
The U.S. dollar rose against its major counterparts in the New York session on Thursday, as better-than-expected economic data suggested that economy is on solid footing. Data from the Commerce Department showed that the pace of U.S. economic growth unexpectedly surged more than previously estimated in the third quarter. The report said gross domestic product...
The U.S. dollar climbed to a two-year high on Thursday on upbeat economic data and the Federal Reserves signal that rate cuts next year will be fewer than previously expected. The dollar index surged to 108.49 in the New York session, gaining more than 0.4%, after exhibiting weakness in the European session. The Fed cut...
Consumer prices in Japan were up 2.9 percent on year in November, the Ministry of Communications and Internal Affairs said on Friday. That was slightly above expectations for 2.8 percent and was up from 2.3 percent in October. On a seasonally adjusted monthly basis, consumer prices rose 0.6 percent - accelerating from 0.4 percent in...
Producer prices in South Korea were up 0.1 percent on month in November, the Bank of Korea said on Friday - after easing 0.1 percent in October. Individually, prices for agricultural, forestry and marine products slumped 3.6 percent on month, while manufacturing products rose 0.1 percent, utilities climbed 2.3 percent and services eased 0.1 percent....
The Taiwan stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had fallen almost 360 points or 1.5 percent. The Taiwan Stock Exchange now rests just above the 22,930-point plateau although it may tick higher again on Friday. The...
The China stock market headed south again on Thursday, one day after ending the three-day losing streak in which it had retreated more than 100 points or 3 percent. The Shanghai Composite Index now rests just above the 3,370-point plateau and it may see mild upside on Friday. The global forecast for the Asian markets...
The Hong Kong stock market moved lower again on Thursday, one day after snapping the three-day losing streak in which it had stumbled almost 700 points or 2.7 percent. The Hang Seng Index now rests just above the 19,750-point plateau and its expected to open to the upside on Friday. The global forecast for the...