European stocks were mixed on Thursday ahead of a European Central Bank (ECB) rate decision later in the day. The ECB is widely expected to cut its benchmark rates by 25 basis points for the third consecutive meeting, citing weaker economic growth and moderating inflation. Earlier today, the Swiss National Bank cut its interest rate...
Amid easing inflationary pressures, the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent from 1.00 percent. The new rate takes effect on December 13....
Indian shares ended modestly lower on Thursday as caution crept in ahead of domestic inflation and industrial output data due later in the day. According to a report by Union Bank of India, Indias industrial production growth, as indicated by IIP, may have improved to 3.7 percent year-on-year in October, from 3.1 percent in the...
The Swiss franc weakened against other major currencies in the European session on Thursday, after the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent...
Software major Adobe Inc. issued positive outlook for first quarter and fiscal 2025 earnings and revenues, after reporting higher fourth-quarter results above market. Meanwhile, the shares declined around 9 percent in the after-hours trading on Wednesday, and is currently down around 11 percent in the pre-market activity on the Nasdaq. Media reported that the stock...
Discount retailer Target Corp. announced its Holiday Countdown Sale from December 12 through 14, and exclusive deals of up to 40% off through December 24. Further, Christmas Eve same-day delivery for orders are available for the last-minute holiday shoppers. The company is offering incredible same-day fulfillment options including straight to guests home or to friends...
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous weeks revised level of 225,000. Economists had expected jobless claims to dip to 220,000...
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November. The Labor Department said its producer price index for final demand climbed by 0.4 percent in November after rising by an upwardly revised 0.3 percent in October. Economists had expected...
The European Central Bank lowered its key interest rate by 25 basis points again, in line with economists expectations, as policymakers assessed that the disinflation process is on track though growth concerns remain. The Governing Council, led by ECB President Christine Lagarde, cut the key policy rate - the deposit rate - by a quarter-basis...
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous weeks revised level of 225,000. Economists had expected jobless claims to dip to 220,000...