The New Zealand dollar strengthened against other major currencies in the Asian session on Friday. The NZ dollar rose to 2-day highs of 0.6106 against the euro and 1.7913 against the euro, from yesterdays closing quotes of 0.6092 and 1.7937, respectively. Against the Australia and the yen, the kiwi edged up to 1.1044 and 90.79...
Shares of Tesla Inc. were losing more than 8 percent in the early morning trading on the Nasdaq on Friday following the electric vehicle makers long-awaited robotaxi event, which showcased Cybercab self-driving concept car. The event perhaps failed to impress investors and Wall Street analysts. Tesla founder and CEO Elon Musk unveiled the Cybercab robotaxi...
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in...
A report released by the University of Michigan on Friday showed an unexpected deterioration by U.S. consumer sentiment in the month of October. The University of Michigan said its consumer sentiment index fell to 68.9 in October after climbing to 70.1 in September. Economists had expected the index to inch up to 70.8. The unexpected...
The U.S. dollar advanced against its most major counterparts in the New York session on Friday, after producer prices came in unchanged in September. Data from the Labor Department showed that the producer price index came in flat in September after rising by 0.2 percent in August. Economists had expected producer prices to inch up...
The Canadian market is up firmly in positive territory a little past noon on Friday with stocks from across several sectors moving higher as investors cheer upbeat jobs data, and a report showing a slight slowdown in the annual rate of U.S. producer prices growth. Data from Statistics Canada showed that employment in Canada rose...
The Canadian dollar was lower against its major counterparts in the New York session on Friday, as oil prices edged lower on concerns about the impact of Hurricane Milton on U.S. oil output. Hurricane Milton caused havoc across Florida, destroying homes and leaving people without power. At least 16 deaths had been reported, though search...
After trending higher over the past couple weeks, the value of the U.S. dollar has fluctuated over the course of trading on Friday. The U.S. dollar index saw some volatility early in the day but is currently posting a modest loss, down just 0.05 points or less than a tenth of a percent at 102.94....
Indian shares look set to open on a positive note Thursday, though volatility cannot be ruled out due to lingering Middle East tensions and ahead of key U.S. consumer and producer price inflation readings due this week. Tata Group stocks could be in focus after veteran industrialist and Groups chairman emeritus Ratan Tata passed away...
The Canadian dollar weakened against other major currencies in the early European session on Thursday, as crude oil prices fell extending recent losses, as data showing an unexpected big jump in crude inventories outweighed possible supply disruptions due to Hurricane Milton and Middle East tensions. West Texas Intermediate Crude oil futures for November ended down...