The British pound strengthened against other major currencies in the European session on Thursday, as investor sentiment boosted after the French President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes...
The Canadian market is likely to open on a somewhat subdued note Thursday morning. Bank stocks are likely to be in focus, with investors reacting to earnings updates from BMO and CIBC. Bank of Montreal (BMO.TO) reported a net income of $2,304 million for the fourth-quarter of fiscal 2024, compared with $1,710 million in the...
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended November 30th. The report said initial jobless claims rose to 224,000, an increase of 9,000 from the previous...
Reflecting a steep drop by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed by slightly more than expected in the month of October. The Commerce Department said the trade deficit shrank to $73.8 billion in October from a revised $83.8 billion in September. Economists had...
The Canadian market hit new intraday and closing highs on Thursday even as the mood remained somewhat cautious with investors looking ahead to crucial Canadian and U.S. employment data due on Friday. Energy, utilities and consumer staples stocks contributed to markets positive close. Consumer discretionary, real estate and materials stocks were a bit subdued. Financials...
The South Korea stock market has finished lower in two straight sessions, slumping almost 60 points or 2.5 percent along the way. The KOSPI now sits just above the 2,440-point plateau and it may take further damage again on Friday. The global forecast for the Asian markets is flat to lower ahead of key U.S....
South Korea posted a current account surplus of $9.78 billion in October, the Bank of Korea said in Fridays preliminary reading. Thats down from the downwardly revised $10.94 billion surplus in September (originally $11.12 billion). The goods account recorded an $8.12 billion surplus as exports increased annually by 4.0 percent to $60.08 billion and imports...
The average of household spending in Japan was down 1.3 percent on year in October, the Ministry of Internal Affairs and Communications said on Friday - coming in at 305,819 yen. That beat forecasts for an annual decline of 2.6 percent following the 1.1 percent drop in September. On a monthly basis, household spending climbed...
The Singapore stock market has tracked higher in six straight sessions, collecting more than 110 points or 3 percent along the way. The Straits Times Index now rests just above the 3,820-point plateau although investors are likely to lock in gains on Friday. The global forecast for the Asian markets is flat to lower ahead...
The Taiwan stock market has tracked higher in four straight sessions, improving more than 1,000 points or 4.3 percent in that span. The Taiwan Stock Exchange now rests just above the 23,260-point plateau although its likely to open under pressure on Friday. The global forecast for the Asian markets is flat to lower ahead of...