Canadian stocks are turning in a mixed performance on Monday with investors largely making cautious moves while awaiting some crucial economic data and focusing on Fed Chair Jerome Powells comments on interest rate moves. Real estate, energy and healthcare stocks are finding some support, while materials stocks are weak. Stocks from the rest of the...
The U.S. dollar rose against its major counterparts in the New York session on Monday, as Federal Reserve Chair Jerome Powell suggested that the central bank will continue to lower interest rates, but the pace of reduction is unclear. Speaking at the National Association for Business Economics, Powell said the decision to slash rates by...
The Canadian market ended slightly up on Monday, lifted by gains in technology, real estate and energy sectors. The mood remained largely cautious amid a lack of significant triggers. The market, which slipped a bit deeper into the red around mid afternoon after moving in a narrow range till then, moved higher in the final...
The Bank of Japan will on Tuesday release the results of its quarterly Tankan survey of business sentiment, highlighting a busy day for Asia-Pacific economic activity. The large manufacturers index is expected to see a score of +12, down from +13 in the previous three months. The large non-manufacturers index is expected to ease to...
European stocks are up firmly on Friday and look set to end the week on a positive note, amid renewed optimism over Chinas stimulus moves, and on expectations of more interest-rate cuts by the Fed and other central banks. Investors are also digesting the latest batch of economic data, and await some key reports from...
The Japanese yen rebounded from early weakness against other major currencies in the European session on Friday, after Shigeru Ishiba has won the leadership race to become Japans prime minister. Former defense minister Shigeru Ishiba won the Liberal Democratic Party leadership contest, which positions him to become Japans next prime minister. Ishibas victory paved the...
Slightly lower Canadian and U.S. futures indicate a subdued start for the Canadian market Friday morning, but investors are likely to make their moves, reacting to U.S. PCE score and Canadian GDP data that due before the opening bell. Data on U.S. personal consumption expenditure, the preferred index used by Fed officials to track inflation,...
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The...
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The...
New orders for U.S. manufactured durable goods were virtually unchanged in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders came in flat in August after soaring by 9.9 percent in July. Economists had expected durable goods orders to tumble by 2.6...