Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth. The benchmark SMI ended higher by 124.91 points...
The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nations retails data and the recent announcement of a mini stimulus package contributed to the upside. The benchmark S&P/TSX Composite Index, which advanced to a new all-time high of 25,478.37, settled at 25,444.28 with a...
European stock markets are likely to open negative on Thursday tracking losses in Asian peers and weak sentiment on Wall Street. Geopolitical concerns are expected to weigh heavily on market sentiment. Wall Street had closed on a mixed note on Wednesday amidst anticipation ahead of NVIDIAs earnings report as well as geopolitical concerns. The Nasdaq...
Shares of Nvidia Corp. dropped around 3 percent in the extended trading on Wednesday after the AI chipmaker warned on weak gross margin in its fourth quarter, while revenues are projected to be significantly higher than last year on booming AI demand. In its third quarter, the worlds most valuable company by market capitalization reported...
Indian stocks tumbled on Thursday, weighed down by rising concerns about escalating geopolitical tensions, and a sell-off in Adani Group companies shares following news about the indictment of Gautam Adani and a few other executives of the group on bribery charges in the U.S. The market recovered some lost ground after a sharp early plunge,...
A positive outlook on the corporate sector overshadowed concerns about geopolitics and inflation that helped the FTSE 100 record modest gains in Thursdays trading. FTSE 100 oscillated between 8,120.20 and 8,065.22 as compared with the previous days closing level of 8,085.07. The benchmark index of the London Stock Exchange is currently trading at 8,119.10, having...
The U.S. economy is now more vulnerable to inflation shocks than it was in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview to the Financial Times published on Wednesday, as businesses grow increasingly concerned about the impact of the Donald Trump administrations policies regarding tariffs and migrants. Were somewhat...
The U.S. Department of Justices antitrust officials have formally asked a federal judge to force Alphabet Inc.s Google to sell Chrome web browser with a view to ending the tech majors illegal monopoly in search. The decision comes after a landmark ruling by District Judge Amit Mehta in August found that Google had violated US...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction. Economists had...