Lower Canadian and U.S. futures, and weak commodity prices point to a negative start on Bay Street Tuesday morning. Canadian inflation data and U.S. retail sales data are in focus, and investors are also looking ahead to the Federal Reserves monetary policy meeting that gets underway today. Canadian inflation data for the month of November...
The UK wage growth accelerated more than expected in the three months to October supporting a case for more gradual interest rate reductions next year as pay increases could revive inflationary pressures. Excluding bonus, annual growth in average earnings came in at 5.2 percent compared to 4.9 percent in the three months to September, the...
Japans SoftBank Group is planning to invest $100 billion in the United States over the next four years, which would create more than 100,000 jobs in Artificial Intelligence or AI and related critical infrastructure. During President-elect Donald Trumps first news conference since the election, SoftBank founder and Chief Executive officer Masayoshi Son joined to make...
Retail sales in the U.S. increased by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday, with auto sales once again leading the way higher. The report said retail sales grew by 0.7 percent in November after climbing by an upwardly revised 0.5 percent in...
The Federal Reserve released a report on Tuesday unexpectedly showing a modest decrease by U.S. industrial production in the month of November. The report said industrial production edged down by 0.1 percent in November after falling by a revised 0.4 percent in October. Economists had expected industrial production to rise by 0.3 percent compared to...
The U.S. Dollar firmed against most of its major counterparts on Tuesday after data showed a bigger than expected increase in retail sales in the month of November. Investors also looked ahead to the Federal Reserves monetary policy announcement, due on Wednesday. The Fed is widely expected to lower rates by another quarter point. The...
The Canadian market extended its losing streak on Tuesday although the downside was just marginal thanks to investors picking up several stocks from technology, healthcare and real estate sectors. The market digested the nations consumer price inflation data and looked ahead to the U.S. Federal Reserves monetary policy announcement on Wednesday. The benchmark S&P/TSX Composite...
The South Korea stock market has tracked lower in two straight sessions, sinking almost 40 points or 1.4 percent along the way. The KOSPI now rests just shy of the 2,460-point plateau and its likely to open under pressure again on Wednesday The global forecast for the Asian markets is soft ahead of the FOMCs...
New Zealand posted a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024, Statistics New Zealand said on Wednesday. In the third quarter, the goods deficit narrowed to NZ$1.9 billion and the services deficit narrowed to NZ$397 million. The primary income deficit narrowed to NZ$3.5 billion and the financial account...
The Japanese stock market has finished lower in three straight sessions, declining almost 500 points or 1.3 percent in that span. The Nikkei 225 now rests just above the 39,360-point plateau and it may take further damage again on Wednesday. The global forecast for the Asian markets is soft ahead of the FOMCs interest rate...