Import prices in the U.S. unexpectedly edged higher in the month of November, according to a report released by the Labor Department on Friday. The Labor Department said import prices crept up by 0.1 percent in November, matching the downwardly revised uptick in October. Economists had expected import prices to dip by 0.2 percent compared...
The Canadian market is down firmly in negative territory on Friday, extending recent losses, amid concerns about the outlook for global economic growth, and on tariff hike threats by Donald Trump. Materials, energy, healthcare and communications stocks are among the major losers. The benchmark S&P/TSX Composite Index is down 158.97 or 0.63% at 25,251.74 nearly...
European stocks closed lower on Friday, weighed down by disappointing economic data from the U.K. and Germany, the political uncertainty in France, and rate hike threats from U.S. President-elect Donald Trump. The mood remained cautious with investors awaiting the Federal Reserves monetary policy announcement, next Wednesday. French President Emmanuel Macron appointed François Bayrou as the...
The Japanese yen declined against its major counterparts on Friday amid a jump in U.S. stocks, as Broadcoms strong financial results and AI chip demand lifted investor sentiment for semiconductor stocks. Broadcom shares are sharply higher after the company reported better than expected fiscal fourth quarter earnings and said it expects continued strong demand for...
After swinging between gains and losses, Swiss stocks closed slightly down on Friday with a few counters seeing some strong selling in the final hour. Investors largely made stock specific moves, reacting to corporate news. Disappointing economic data from the UK and Germany, and tariff hike threats by Donald Trump rendered the mood cautious in...
The Canadian market closed weak on Friday, amid concerns about global economic growth and tariff hike threats by U.S. President-elect Donald Trump. Materials, communications and real estate stocks were the major losers. The benchmark S&P/TSX Composite Index, which opened slightly down, fell to a low of 25,216.42 and ended the days session at 25,274.30 with...
Indian shares are seen opening little changed on Thursday as investors react to benign U.S. inflation data and await domestic CPI inflation and industrial output figures, due out later in the day for directional cues. According to a report by Union Bank of India, Indias industrial production growth, as indicated by IIP, may have improved...
Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day. The benchmark S&P/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635. IT stocks traded higher, with Infosys, TCS, Wipro...
European stocks are seen opening on a mixed note Thursday as investors await interest-rate decisions from the Swiss National Bank and the European Central Bank. Both are expected to reduce interest rates, with markets weighing the prospects of half-point and a 25-bps cut, respectively. Late on Wednesday, Brazils central bank increased the benchmark interest rate...
U.K. stocks traded higher on Thursday, with commodity-related stocks leading the surge on optimism around more stimulus measures from Beijing. The benchmark FTSE 100 was up 19 points, or 0.2 percent, at 8,321 after rising 0.3 percent the previous day. Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1 percent, while...