Indian shares opened on a buoyant note Thursday after the U.S. Federal Reserve announced a whopping 50 bps rate cut and signaled further policy easing to keep the labor market from slowing too much. The benchmark S&P/BSE Sensex jumped 533 points, or 0.6 percent, to 83,481 in early trade while the broader NSE Nifty index...
European stocks may open on a buoyant note Thursday after the U.S. Federal Reserve kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction, expressing greater confidence about inflation and reiterating its commitment to supporting maximum employment. The focus now shifts to a Bank of England (BoE) policy meeting later today,...
The British pound strengthened against other major currencies in the European session on Thursday, after the Bank of England decided to maintain its benchmark rate, after a quarter-point cut last month and also extended its bond reduction plan for another one year. The Monetary Policy Committee headed by Andrew Bailey voted by a majority of...
Higher Canadian U.S. futures, and rising oil and bullion prices point to a positive start on Bay Street Thursday morning. Asian markets closed higher and European stocks are up firmly today as the big 50-basis points interest rate cut by the Federal Reserve has raised hopes of a soft landing for the U.S. economy. Investors...
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous weeks revised level of 231,000. Economists had expected jobless...
A reading on Philadelphia-area manufacturing activity returned to positive territory in the month of September, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a positive 1.7 in September from a negative 7.0 in August, with a positive...
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous weeks revised level of 231,000. Economists had expected jobless...
Separated by the Chuseok Thanksgiving holiday, the South Korea stock market has moved higher in three straight sessions, improving more than 65 points or 2.6 percent along the way. The KOSPI now sits just above the 2,580-point plateau and its tipped to open in the green again on Friday. The global forecast for the Asian...
The Malaysia stock market moved back to the upside on Thursday, one session after ending the three-day winning streak in which it had gathered more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,665-point plateau and its expected to open higher again on Friday. The global forecast...
The Singapore stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just above the 3,630-point plateau and it may add to its winnings on Friday. The global forecast for the Asian...