Indian shares fell sharply on Friday to extend losses for a fifth day running as the dollar and U.S. Treasury yields remained elevated amid expectations for prolonged high U.S. interest rates. Global sentiment was fragile after the Federal Reserve signaled a cautious approach to monetary easing in 2025. Robust U.S. economic data released overnight also...
Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and...
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline. Only 64,216 cars rolled off factory...
Russias central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike. The board of directors, led by Governor Elvira Nabiullina, retained the key interest rate at a record 21.00 percent. Markets anticipated a 200 basis-point rate hike. The bank has raised the key interest rate by 1,350 basis points...
Lower U.S. and Canadian futures, a sell-off in European markets and weak crude oil prices point to a negative start for the Canadian market on Friday. Fears of a U.S. government shutdown and tariff hike concerns may weigh as well. Canadian retail sales data and U.S. PCE reading are set to significantly impact sentiment. Canadian...
UK retail sales grew for the first time in three months in November but the pace of expansion was weaker than expected as consumers were cautious in the wake of governments first budget. A closely watched survey showed that retailers reported a moderate fall in retail sales in December despite festive season and they forecast...
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices...
Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists...
The Bank of England decided to leave its benchmark rate unchanged on Thursday as majority of policymakers called for a gradual approach to the withdrawal of policy restrictiveness amid acceleration in inflation and wage growth, while the divide in the rate-setting body widened. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to...
Shares of Darden Restaurants Inc. were gaining more than 9 percent in the pre-market activity on the NYSE after the company maintained its fiscal 2025 earnings view, and lifted sales forecast to reflect the recently acquired Chuys operating results. In its second quarter, profit and sales increased and beat market estimates. Darden President & CEO...