The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb...
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the advance estimate issued last month. The unrevised reading matched...
The Swiss franc strengthened against its major counterparts in the New York session on Monday. The franc touched 0.8848 against the greenback, setting a 4-day high. The franc rose to 0.9291 against the euro and 1.1131 against the pound, from its early 5-day lows of 0.9344 and 1.1225, respectively. The franc edged up to 174.06...
European stocks are likely to open lower on Tuesday after U.S. President-elect Donald Trump said on his Truth Social network that he would impose an additional 10 percent tariff on goods from China and 25 percent on all products from Mexico and Canada. This measure was to cut down migrants and illegal drugs flowing across...
UK shop prices dropped at a slower pace in November, signalling that shoppers are set to face rising price pressures, the British Retail Consortium revealed on Tuesday. The shop price index declined 0.6 percent on a yearly basis in November, slower than Octobers 0.8 percent decrease. Food price inflation softened to 1.8 percent from 1.9...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, after U.S. President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade...
Asian stocks fell broadly on Tuesday after U.S. President-elect Donald Trump said he plans to impose 25 percent tariffs on Mexico and Canada and an additional 10 percent on China on his first day in office, ramping up fears of a renewed trade war. Neither the United States nor China would win a trade war,...
German stocks fell notably on Tuesday, with automakers suffering heavy losses after U.S. President-elect Donald Trump vowed additional tariffs on China as well as U.S. neighbors Canada and Mexico, raising fears of a renewed trade war. Automakers BMW, Mercedes Benz and Volkswagen were down 2-3 percent while the benchmark DAX was down 125 points, or...
French stocks traded lower on Tuesday after U.S. President-elect Donald Trump threatened sweeping new tariffs on Mexico, Canada and China on his first day in office to combat illegal immigration and drugs. French political tensions also dented investor sentiment after far-right leader Marine Le Pen said on Monday that she could bring down Frances minority...
U.K. stocks declined on Tuesday amid apprehensions that Novembers figures may signal the end of falling inflation. The British Retail Consortium (BRC) reported earlier today that U.K. shop prices dropped at a slower pace in November, signaling that shoppers are set to face rising price pressures. The shop price index declined 0.6 percent on a...