The euro area economy expanded as initially estimated in the third quarter on household and government spending and investment, revised data published by Eurostat showed Friday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent growth posted in the second quarter. The rates matched the preliminary estimate. On an annual basis,...
Jobs data from Canada and the U.S. hold the key for stocks on Bay Street on Friday. Metal stocks may move up on firm gold and silver prices, while oil stocks are likely to remain a bit subdued early on due to weak oil prices. The Canadian jobs data for the month of November is...
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. After the conclusion of the three-day...
Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Economists had expected employment...
Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Economists had expected employment...
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including about 21,000 units of Polaris Industries Inc.s RZR XP 1000 and XP 4 1000 Recreational Off-Road Vehicles or ROVs due to risk of fire; as well as about 2,500 units of Polaris Ranger ROVs and ProXD and Bobcat Utility Task Vehicles for...
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 74.0 in December from 71.8 in November. Economists had expected the index to rise to 73.0. The...
The Canadian market is up in positive territory in late morning trade on Friday with stocks from consumer discretionary and communications sectors contributing to the upmove. A few stocks from technology sector are also notably higher. Data showing a much bigger than expected increase in Canadian jobs growth in the month of November is aiding...
The U.S. dollar firmed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for November reinforced the odds of a Federal Reserve rate cut later this month. Data from the Labor Department showed that non-farm payroll employment shot up by 227,000 jobs in November after rising by an...
The Canadian market closed slightly up on Friday with technology stocks contributing to the positive close. Data showing a much bigger than expected increase in Canadian jobs growth in the month of November aided sentiment. The benchmark S&P/TSX Composite Index, which hit a new record high at 25,826.98, closed up 11.76 points or 0.05% at...