European stocks closed lower on Thursday as rising tensions in the Middle East and uncertainty about Chinas growth outlook despite the recent stimulus measures weighed on investor sentiment. Weak Euro area private sector data hurt as well. Data compiled by S&P Global showed the euro area private sector shrank for the first time in seven...
The U.S. dollar extended gains against its major counterparts in the New York session on Thursday, as the nations service sector activity climbed more than expected in September, reducing the likelihood of a 50 basis point rate cut by the Federal Reserve at the meeting in November. Data from the Institute for Supply Management showed...
The U.S. dollar climbed higher on Thursday as data showing a stronger than expected jump in U.S. service sector activity in the month of September dimmed prospects of any aggressive reduction in interest rate cuts by the Federal Reserve in the coming months. Safe haven buying of the currency amid rising tensions in the Middle...
Australia will on Friday release August figures for new home loans, highlighting a light day for Asia-Pacific economic activity. In July, overall home loans were up 2.9 percent on month, while investment lending climbed 5.4 percent. Singapore will see August numbers for retail sales; in July, sales were up 3.1 percent on month and 1.0...
Industrial production from France and construction Purchasing Managers survey data from Germany and the UK are due on Friday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for September. The jobless rate is forecast to rise slightly to 2.6 percent...
European stocks may open flat to slightly higher on Friday as investors await the U.S. Labour Departments highly anticipated monthly jobs report later in the day for more clarity regarding the outlook for the U.S. economy and interest rates. Economists currently expect the report to show employment rose by 140,000 jobs in September after an...
Samsung Electronics Co. announced that it has begun mass production of a new solid-state drive or SSD, which stores and transfers data for artificial intelligence personal computers. The South Korean advanced memory tech major has initiated mass producing PM9E1, a PCle 5.0 SSD with the industrys highest performance and largest capacity. According to the firm,...
India service sector expanded at a solid pace in September but growth in total new business, exports and overall output grew at the slowest rates since late-2023, final data compiled by S&P Global showed on Friday. The HSBC services Purchasing Managers Index fell to 57.7 in September from 60.9 in the previous month. The flash...
Asian stocks ended mixed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates. The dollar hovered near a six-week high in Asian trading and gold traded near record levels while oil prices steadied, after...
German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates. Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs...