Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade at $158.50. While announcing...
The Japanese yen weakened against other major currencies during the European session on Tuesday, as traders remain cautious amid a rare political crisis following a Japanese snap election that raises doubts about the Bank of Japans capacity to raise interest rates further and the U.S. election. Former BOJ board member Makoto Sakurai said that the...
Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday. The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking...
The UK service sector grew at the slowest pace since November last year as heightened uncertainty and concerns about the domestic economic outlook damped new work, the S&P Global purchasing managers survey showed on Tuesday. The final services Purchasing Managers Index registered 52.0 in October, down from 52.4 in September. The reading was above the...
Canadian shares may open with a positive bias on Tuesday, tracking higher crude oil and metal prices. The focus is on the U.S. Presidential election, and the upcoming monetary policy announcement from the Federal Reserve. Investors will also be reacting to a slew of earnings updates, and key economic data. In earnings news, Thomson Reuters...
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August. Economists had expected...
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August. Economists had expected...
The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 325 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 23,100-point plateau and its expected open to the upside again on Wednesday. The global forecast for the Asian markets is upbeat thanks to optimism over...
The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7. Thats down from 53.1 in September, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction. Business activity fell for the first time in four...
The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that span. The Shanghai Composite now sits just above the 3,385-point plateau and its expected to open higher again on Wednesday. The global forecast for the Asian markets is upbeat thanks to optimism over...