The Switzerland market closed on a strong note on Friday, in line with markets across Europe, as upbeat results from top U.S. firms Intel and Amazon, and data showing an unexpected drop in Swiss consumer price inflation helped underpin sentiment. The benchmark SMI closed up 174.28 points or 1.48% at 11,967.20. The index scaled a...
The U.S. dollar suffered a mild setback in early New York session on Friday after data showing a much smaller than expected increase in non-farm payroll employment growth and an unexpected contraction in the nations manufacturing activity last month. However, the currency recovered swiftly and moved higher as the day progressed as investors looked ahead...
Canadian benchmark stock index ended with a modest gain on Friday, lifted by strong gains in technology and consumer discretionary sectors. Upbeat earnings updates from big name U.S. companies Intel and Amazon contributed significantly to the firm undertone on Bay Street. Investors also digested the latest batch of Canadian and U.S. economic data, and looked...
Indian shares are seen opening a tad lower on Thursday, heading into a long holiday weekend. Continued selling by foreign investors, the impending F&O expiry and lingering uncertainty around U.S. presidential elections slated to be held on November 5 may keep investors on their toes on the last day of Samvat 2080. Markets will remain...
European stocks may drift lower at open on Thursday as investors absorb another batch of mixed earnings results from megacap technology companies and await key U.S. inflation data for directional cues. Microsoft delivered solid quarterly results but forecast slower quarterly cloud revenue growth. Facebook owner Meta saw net income and revenues top expectations. Apple, Amazon,...
The Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming US presidential election added concerns about economic outlook. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This...
Chinas manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday. The official manufacturing Purchasing Managers Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed. The score was seen unchanged at 49.8. A...
European stocks closed notably lower on Thursday as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Metal Platforms, and data showing a bigger than expected increase in euro zone inflation weighed on sentiment. Microsoft warned of slower growth for the year, while Meta Platforms reported a significant acceleration in artificial intelligence-related infrastructure expenses....
The pound weakened against its major counterparts in the New York session on Thursday, following the announcement of the nations latest budget, which included tax rises and big spending plans. Chancellor Rachel Reeves announced tax rises worth £40 billion in her first budget on Wednesday. The finance minister announced that spending on National Health Service...
For the second consecutive day, the Switzerland market languished in red right through the days session, as weak earnings updates from U.S. technology majors Microsoft Inc., and Meta Platforms, and weak euro zone inflation data hurt sentiment and sent stock prices drifting down south on Thursday. The mood was extremely cautious with investors looking ahead...