European stocks closed notably lower on Thursday as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Metal Platforms, and data showing a bigger than expected increase in euro zone inflation weighed on sentiment. Microsoft warned of slower growth for the year, while Meta Platforms reported a significant acceleration in artificial intelligence-related infrastructure expenses....
The pound weakened against its major counterparts in the New York session on Thursday, following the announcement of the nations latest budget, which included tax rises and big spending plans. Chancellor Rachel Reeves announced tax rises worth £40 billion in her first budget on Wednesday. The finance minister announced that spending on National Health Service...
For the second consecutive day, the Switzerland market languished in red right through the days session, as weak earnings updates from U.S. technology majors Microsoft Inc., and Meta Platforms, and weak euro zone inflation data hurt sentiment and sent stock prices drifting down south on Thursday. The mood was extremely cautious with investors looking ahead...
With several stocks from across various sectors reeling under sustained selling pressure, the Canadian market looks headed for a very weak close on Thursday. Disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, anxiety ahead of U.S. presidential election and the Federal Reserves monetary policy meeting, and weak commodity prices are weighing...
The U.S. dollar recovered from early losses on Thursday after fairly encouraging economic data dashed hopes of any aggressive interest rate cut by the Federal Reserve next week, but gave up gains as the day progressed with investors awaiting non-farm payroll data due on Friday, and the presidential election next week. In economic releases today,...
The Canadian market ended sharply sharply lower on Thursday due to heavy selling at several counters, as disappointing earnings updates from U.S. tech majors Microsoft Inc., and Meta Platforms, and uncertainty about the outlook for interest rate cuts, weighed on sentiment. The benchmark S&P/TSX Composite Index ended down 350.92 points or 1.43% at 24,156.87. The...
South Korea will on Friday see October numbers for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity. Imports are expected to rise 2.3 percent on year, up marginally from 2.2 percent in September. Exports re called higher by an annual 6.1 percent, easing from 7.5 percent in the previous month....
The manufacturing sector in Thailand was stagnant in October, the latest survey from S&P Global showed on Friday with a manufacturing PMI score of 50.0. Thats down from 50.4 in September and it now sits right on the line that separates expansion from contraction. The PMI had positive contributions from output and employment. These were...
The China stock market on Thursday ended the two-day slide in which it had fallen more than 55 points or 1.7 percent. The Shanghai Composite now sits just beneath the 3,280-point plateau although its expected to turn lower again on Friday. The global forecast for the Asian markets is broadly negative, with pressure likely among...
Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Friday. That exceeded expectations for an increase of 0.7 percent, although it eased 0.1.0 percent in the three months prior. On a yearly basis, producer prices climbed 3.9 percent - roughly in...