A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended September 21st. The Labor Department said initial jobless claims slipped to 218,000, a decrease of 4,000 from the previous weeks revised level of 222,000. The dip surprised economists, who had expected jobless...
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. rebounded modestly in the month of August. NAR said its pending home sales index climbed by 0.6 percent to 70.6 in August after plunging by 5.5 percent to 70.2 in July. A pending home sale is one...
Erasing gains, the U.S. dollar fell against its most major counterparts in the New York session on Thursday. The currency rebounded earlier following the release of strong economic data, including weekly jobless claims and GDP data for the second quarter. Data from the Labor Department showed that first-time claims for U.S. unemployment benefits unexpectedly edged...
European stocks closed higher on Thursday amid optimism the Chinese government will announce more stimulus measures to help spur growth in the nations economy, and on hopes the Federal Reserve will cut interest rates further in the coming months. Chinas politburo vowed to step up fiscal support to stabilize the beleaguered property sector. Investor sentiment...
The Switzerland market started off on a firm note Thursday morning, but pared gains and very nearly slipped into the red by early afternoon, before recovering well to end the days session moderately higher. Investors digested the Swiss National Banks interest rate move, and awaited some key economic data from the U.S. The benchmark SMI...
Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Microns strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday. Asian stocks are broadly higher on Friday,...
European markets are expected to open on Friday on a cautiously optimistic note amidst anxiety ahead of the crucial PCE-based inflation update due from the U.S. on Friday that could sway the Feds plans regarding further monetary easing. The PCE Price Index is expected to soften both on a year-on-year as well as month-on-month basis....
Despite positive global cues and rising optimism about more interest rate cuts by the Federal Reserve and a few other major central banks, Indian shares are turning in a mixed performance Friday morning with investors largely making cautious moves after recent strength. Still, benchmark indexes Sensex and the Nifty50 hit new record highs this morning....
Moline, Illinois-based Deere & Co. is recalling about 147,900 units of Compact Utility Tractors citing risk of crash, according to the U.S. Consumer Product Safety Commission. In addition, about 16,800 units were sold in Canada. The recall involves John Deere 1023E, 1025R, and 2025R Compact Utility Tractors in green and yellow, and were sold with...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 70.1 from a preliminary reading of 69.0. Economists had expected a more modest...