The Canadian market closed weak on Friday, amid concerns about global economic growth and tariff hike threats by U.S. President-elect Donald Trump. Materials, communications and real estate stocks were the major losers. The benchmark S&P/TSX Composite Index, which opened slightly down, fell to a low of 25,216.42 and ended the days session at 25,274.30 with...
Indian shares are seen opening little changed on Thursday as investors react to benign U.S. inflation data and await domestic CPI inflation and industrial output figures, due out later in the day for directional cues. According to a report by Union Bank of India, Indias industrial production growth, as indicated by IIP, may have improved...
Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day. The benchmark S&P/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635. IT stocks traded higher, with Infosys, TCS, Wipro...
European stocks are seen opening on a mixed note Thursday as investors await interest-rate decisions from the Swiss National Bank and the European Central Bank. Both are expected to reduce interest rates, with markets weighing the prospects of half-point and a 25-bps cut, respectively. Late on Wednesday, Brazils central bank increased the benchmark interest rate...
U.K. stocks traded higher on Thursday, with commodity-related stocks leading the surge on optimism around more stimulus measures from Beijing. The benchmark FTSE 100 was up 19 points, or 0.2 percent, at 8,321 after rising 0.3 percent the previous day. Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1 percent, while...
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...