The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations. Previously, the bank had reduced the policy rate by a quarter-point in...
Canadian shares may open higher Thursday morning, tracking largely positive European stocks, but weak commodity prices could weigh on energy and materials sectors and limit markets upside. The focus will be on the Federal Reserves policy announcement later in the day. The Fed is widely expected to cut interest rate by 25 basis points. Investors...
ArcelorMittal S.A. Thursday reported sharply lower profit in its third quarter as revenues were hit by weak production, shipments and steel prices. Going ahead, the company projects increased demand in the second half as well as over the medium/long-term. The steel majors shares were gainig around 6 percent on the Amsterdam trading, and around 5...
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd. The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous weeks revised level of 218,000. Economists had expected jobless claims to...
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a...
The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation but suggested that further easing is set to be gradual as the last weeks budget has upward impact on inflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent....
The Singapore stock market has moved higher in four straight sessions, gathering almost 120 points or 3.3 percent along the way. The Straits Times Index now sits just above the 3,670-point plateau and its tipped to open in the green again on Friday. The global forecast is positive after the Federal Reserve cut its benchmark...
The China stock market found renewed support on Thursday, one day after ending the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just above the 3,470-point plateau although its expected to open higher again on Friday. The global forecast is positive after the...
The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday. The global forecast is positive after the Federal Reserve cut its benchmark lending rate by 25...
The Thai stock market has moved higher in two of tree trading days since the end of the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau and it may see additional support on Friday. The global forecast...