The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits increased by much more than expected in the week ended October 5th. The report said initial jobless claims climbed to 258,000, an increase of 33,000 from the previous weeks unrevised level of 225,000. Economists had expected jobless claims to edge...
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increases seen in August and July. Economists had expected consumer prices to...
The U.S. dollar moved down against its most major counterparts in the New York session on Thursday, following the release of inflation and jobless claims data. Data from the Labor Department showed that consumer prices in the U.S. increased slightly more than expected in the month of September. The consumer price index rose by 0.2...
European stocks closed weak on Thursday, as hotter-than-expected U.S. consumer price inflation data has further offset optimism the Federal Reserve will continue to aggressively lower interest rates in the coming months. Data from the Labor Department showed that its consumer price index rose by 0.2% in September, matching the increase seen in August. Economists had...
After opening marginally up Thursday morning, the Switzerland market moved in a tight range around the flat line till mid afternoon before drifting lower and finishing with a modest loss. Data showing a bigger than expected increase in U.S. consumer price inflation in the month of September weighed on sentiment. Another data showed an increase...
Energy and materials shares are turning in a fine performance in the Canadian market, which is trading slightly up Thursday afternoon. The upside is limited as data showing a bigger than expected increase in U.S. consumer prices in the month of September has dimmed the possibility of another aggressive interest rate cut by the Federal...
The manufacturing sector in New Zealand continued to contract in September, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 46.0. Thats up from the upwardly revised 46.1 in August (originally 45.9), although it remains beneath the boom-or-bust line of 50 that separates expansion from...
European stocks are seen opening broadly higher on Friday, with market attention focused on a press briefing by Chinas Ministry of Finance scheduled for Saturday, where policymakers may unveil long-anticipated fiscal stimulus plans to revive the struggling property market and boost economic growth. Traders also await U.S. producer price inflation data along with other readings...
Fisher-Price Inc., owned by toymaker Mattel, Inc., is recalling around 2.2 million Snuga Infant swings citing risk of suffocation after 5 deaths were reported since 2012, according to the U.S. Consumer Product Safety Commission. The recall involves all models of Fisher-Price Snuga Swings, which are infant swings with a front to back and side-to-side motion....
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut...