Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from...
With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...
With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...
The Institute for Supply Management released a report on Tuesday showing its reading on U.S. service sector activity increased by more than expected in the month of December. The ISM said its services PMI climbed to 54.1 in December from 52.1 in November, with a reading above 50 indicating growth. Economists had expected the index...
The U.S. dollar firmed against its major counterparts on Tuesday on bets the Federal Reserve will slowdown its rate cut moves after data showed an improvement in the nations service sector activity in the month of December. Higher bond yields contributed as well to greenbacks rise. A report from the Institute for Supply Management said...
South Korea will on Wednesday see November numbers for current account, highlighting a light day for Asia-Pacific economic activity. In October, the current account surplus was $9.78 billion. Japan will see December results for its household confidence index, with forecasts suggesting a score of 36.6 - up from 36.4 in November.
The Canadian market closed weak on Tuesday, extending losses from previous session, amid political uncertainty in Canada after Prime Minister Justin Trudeau announced his resignation. A sell-off in the technology sector contributed to the weak close. The benchmark S&P/TSX Composite Index ended with a loss of 69.90 points or 0.28% at 24,929.89. The index, which...
The South Korea stock market has moved higher three straight sessions, accelerating more than 90 points or 3.6 percent along the way. The KOSPI now sits just above the 2,490-point plateau although investors may lock in gains on Wednesday. The global forecast for the Asian markets is negative on renewed concerns about the outlook for...
South Korea poste a current account surplus of $9.30 billion in November, the Bank of Korea said on Wednesday - easing from $9.78 billion in October. The goods account recorded a $9.75 billion surplus as exports increased annually by 1.2 percent to $57.10 billion and as imports decreased by 4.4 percent to $47.35 billion, both...
The Japanese stock market on Tuesday ended the two-day slide in which it had tumbled more than 970 points or 2.5 percent. The Nikkei 225 now rests just above the 40,080-point plateau although it figures to head south again on Wednesday. The global forecast for the Asian markets is negative on renewed concerns about the...