The Canadian market is up firmly in positive territory Friday afternoon after posting a new high for the third straight day. Materials stocks are contributing to the move up north, with firm metal prices triggering hectic buying at several counters in the sector. The benchmark S&P/TSX Composite Index is up 159.67 or 0.65% at 24,850.15,...
The U.S. dollar turned a bit weak on Friday, snapping a five-day winning streak, with global stocks moving higher on increased risk appetite after the Chinese government announced a couple of funding schemes. With hopes of aggressive interest rate cuts by the Federal Reserve fading a bit after recent upbeat U.S. economic data, the dollar...
The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment. The benchmark S&P/TSX Composite Index, which marched to a new...
Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction. Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that...
Indian shares opened on a cautious note Thursday as focus shifted to a batch of earnings due later in the day. The benchmark S&P/BSE Sensex was down 297 points, or 0.4 percent, at 81,204 in early trade while the broader NSE Nifty index was down 157 points, or 0.6 percent, at 24,814. Axis Bank fell...
The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target. The bank is forecast to cut the key rates by 25 basis points today after a similar reduction last month. The deposit facility rate, which...
European stocks are seen opening on a mixed note Thursday, with the FTSE 100 likely to tick higher as the British pound dropped below $1.30 for the first time since August amid bets that slower inflation could pave the way for the Bank of England to cut interest rates again next month. The European Central...
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous weeks revised level of 260,000. Economists had expected jobless claims to inch...
Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings as well as organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization,...
A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by...