Germanys exports declined at the fastest pace in ten months in October mainly due the double-digit fall in demand from the US and overall imports logged a marginal fall, data from Destatis revealed Friday. Exports fell 2.8 percent month-on-month in October, slower than the 1.8 percent decrease in September. This was the biggest fall since...
The British pound weakened against other major currencies in the European session on Friday, after the U.K. economy contracted marginally for the second straight month in October largely reflecting the fall in industrial production. Data from the Office for National Statistics showed that U.K. real gross domestic product shrank unexpectedly 0.1 percent in October, the...
Eurozone industrial production stagnated in October as growth in capital goods output was offset by falls in energy and consumer goods production, Eurostat reported Friday. Industrial output remained flat in October after declining 1.5 percent in September. The nil growth matched expectations. Among sectors, only the capital goods sector posted growth, up 1.7 percent. Offsetting...
Canadian shares may open with a slightly positive bias Friday morning with energy stocks finding support from higher oil prices. Trading is likely to remain a bit lackluster due to trade war fears and caution ahead of next weeks policy announcement from the Federal Reserve. Data on Canadian manufacturing sales, wholesale sales and new motor...
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...
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...