Chinas manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion....
Factory Purchasing Managers survey results and house prices from the UK are due on Friday, headlining a light day for the European economic news. At 3.00 am ET, the UK Nationwide house price data is due. House prices are forecast to grow 2.8 percent annually in October after rising 3.2 percent in September. At 3.30...
Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a...
The pound moved up against its major counterparts in the New York session on Friday. The pound edged up to 1.2980 against the greenback, 198.29 against the yen and 0.8369 against the euro, off its early lows of 1.2884, 195.77 and 0.8443, respectively. The pound firmed to 1.1279 against the franc, setting a 2-day high....
The Brazilian real weakened against the U.S. dollar in the New York session on Friday. The Brazilian real dropped to near a 3-month low of 5.83 against the greenback from yesterdays close of 5.78. The next possible downside target for the currency is seen around the 5.85 level.
European stocks closed higher on Friday with investors reacting to some fairly strong corporate earnings announcements, and assessing the likely move of the Federal Reserve after data showed much weaker than expected job growth in the U.S. in the month of October. Upbeat earnings news from Amazon and Intel contributed significantly to the positive mood...
The Switzerland market closed on a strong note on Friday, in line with markets across Europe, as upbeat results from top U.S. firms Intel and Amazon, and data showing an unexpected drop in Swiss consumer price inflation helped underpin sentiment. The benchmark SMI closed up 174.28 points or 1.48% at 11,967.20. The index scaled a...
The U.S. dollar suffered a mild setback in early New York session on Friday after data showing a much smaller than expected increase in non-farm payroll employment growth and an unexpected contraction in the nations manufacturing activity last month. However, the currency recovered swiftly and moved higher as the day progressed as investors looked ahead...
Canadian benchmark stock index ended with a modest gain on Friday, lifted by strong gains in technology and consumer discretionary sectors. Upbeat earnings updates from big name U.S. companies Intel and Amazon contributed significantly to the firm undertone on Bay Street. Investors also digested the latest batch of Canadian and U.S. economic data, and looked...
Indian shares are seen opening a tad lower on Thursday, heading into a long holiday weekend. Continued selling by foreign investors, the impending F&O expiry and lingering uncertainty around U.S. presidential elections slated to be held on November 5 may keep investors on their toes on the last day of Samvat 2080. Markets will remain...