After yesterdays consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised...
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous weeks unrevised level of 221,000. Economists had expected jobless claims to inch up...
The U.S. dollar pulled back against its most major counterparts in the New York session on Thursday. The greenback retreated to 1.0576 against the euro, 1.2711 against the pound and 0.8869 against the franc, from an early more than 1-year high of 1.0495, more than 4-month high of 1.2629 and near a 4-month high of...
The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8. Thats down from the upwardly revised 47/0 in September (originally 46.9) and it moves further beneath the boom-or-bust line of 50 that separates expansion...
Japan will on Friday release preliminary Q3 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.2 percent on quarter and 2.5 percent on year after rising 0.7 percent on quarter and 2.9 percent on year in the three months prior. South Korea will provide October...
The South Korea stock market on Thursday snapped the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,420-point plateau although it may head south again on Friday. The global forecast for the Asian markets is soft on concerns over the outlook for...
The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S. Profit taking in technology stocks...
The Malaysia stock market headed south again on Thursday, one day after ending the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau, although it may give up that support on Friday. The global forecast for the Asian...
The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,740-point plateau although it may run out of steam on Friday. The global forecast for the Asian markets is soft on concerns over the...
Japans gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Cabinet Office said in Fridays preliminary report. That was in line with expectations and down from 0.7 percent in the second quarter. On an annualized basis, GDP was up 0.9 percent - down from 2.9...