The euro fell against its major counterparts in the European session on Thursday, as the European Central Bank cut key interest rates by 25 basis points amid progress in disinflation and weak economic data released since the September policy session. The Governing Council, led by ECB President Christine Lagarde, lowered the deposit facility rate by...
European stocks closed higher on Thursday with investors cheering the European Central Banks rate cut announcement, and digesting a slew of corporate earnings updates and regional and U.S. economic data. The ECB cut key interest rates by 25 basis points, as expected, as policymakers assessed that the disinflation process is on track, although they are...
The Canadian market is modestly higher Thursday afternoon with gains in materials and energy sectors contributing to the rise. The mood remains positive with investors reacting to the European Central Banks rate cut move, and optimism about interest rate reductions from the Federal Reserve and the Bank of Canada. The benchmark S&P/TSX Composite Index is...
After struggling for direction during the Asian and European sessions on Thursday, the U.S. dollar climbed higher in the New York session, buoyed by data showing a more than expected increase in U.S. retail sales in the month of September. Data showing a drop in jobless claims contributed as well to the dollars rise. Data...
China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales, fixed asset investment and unemployment. GDP is expected to add 0.5 percent on quarter and 4.6 percent...
The Canadian market climbed to a fresh record high on Thursday with stocks from materials and energy sectors moving higher on firm commodity prices. A rate cut by the European Central Bank and expectations of interest rate cuts by the Federal Reserve and the Bank of Canada aided sentiment. Data showing an unexpected increase in...
Indian shares opened lower on Friday due to muted global cues as Middle East tensions persisted, and investors trimmed their bets on Federal Reserve interest-rate cuts this year. The benchmark S&P/BSE Sensex dropped 304 points, or 0.4 percent, to 80,702 in early trade while the broader NSE Nifty index was down 93 points, or 0.4...
European stocks look set to open a tad lower on Friday as mixed Chinese data released earlier today coupled with the lack of concrete stimulus details stirred concerns about the countrys economic trajectory. Data showed today that Chinas economy grew 4.6 percent in Q3, slowing from 4.7 percent annual growth in the previous quarter and...
Chinas economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics...
UK retail sales logged an unexpected growth in September on higher sales of technology products, the Office for National Statistics said Friday. Retail sales grew 0.3 percent on month in September, confounding expectations for a 0.3 percent fall. This marked the third consecutive increase. Sales had increased 1.0 percent in August and 0.8 percent in...