Renewed rate cut bets helped the FTSE 100 outperform other markets in Europe amidst disappointing economic data updates. The benchmark is trading above 8,200, the highest since late October. More than 10 percent of the scrips in the index have recorded gains in excess of 3 percent. Retail sales declined 0.7 percent in October versus...
The euro area private sector fell back into the negative territory in November as services activity shrank for the first time in ten months, joining manufacturing in contraction zone, survey results from S&P Global revealed Friday. The composite output index registered 48.1 in November, which was the lowest since January, and down from 50.0 in...
The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by...
Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0. While the downward revision surprised economists,...
European stocks closed on a firm note on Friday as some weak economic data raised expectations that the central banks will reduce interest rates further to boost growth. In addition to digesting regional economic data, investors continued to follow the developments on the geopolitical front. Bank stocks ended notably lower, while real estate and retail...
Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth. The benchmark SMI ended higher by 124.91 points...
The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nations retails data and the recent announcement of a mini stimulus package contributed to the upside. The benchmark S&P/TSX Composite Index, which advanced to a new all-time high of 25,478.37, settled at 25,444.28 with a...
European stock markets are likely to open negative on Thursday tracking losses in Asian peers and weak sentiment on Wall Street. Geopolitical concerns are expected to weigh heavily on market sentiment. Wall Street had closed on a mixed note on Wednesday amidst anticipation ahead of NVIDIAs earnings report as well as geopolitical concerns. The Nasdaq...
Shares of Nvidia Corp. dropped around 3 percent in the extended trading on Wednesday after the AI chipmaker warned on weak gross margin in its fourth quarter, while revenues are projected to be significantly higher than last year on booming AI demand. In its third quarter, the worlds most valuable company by market capitalization reported...
Indian stocks tumbled on Thursday, weighed down by rising concerns about escalating geopolitical tensions, and a sell-off in Adani Group companies shares following news about the indictment of Gautam Adani and a few other executives of the group on bribery charges in the U.S. The market recovered some lost ground after a sharp early plunge,...