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ECB Raises Deposit Rate To 2.50% Amid Inflation Fears
The European Central Bank raised interest rates on Thursday, as expected, prompted by the fears of an inflation shock as energy prices surge amid the recent escalation of the Iran war.
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2h 22min ago
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025
A report released by the National Association of Realtors on Thursday showed an extended slump by existing home sales in the U.S. in the month of August. NAR said existing home sales dove by 2.0 percent to an annual rate of 3.98 million in August after tumbling by 1.7 percent to an annual rate of 4.06 million in July.
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2h 26min ago
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates
Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand rose by 0.4 percent in August following a revised 0.1 percent uptick in July.
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2h 48min ago
U.S. Jobless Claims Unexpectedly Edge Down To 206,000
The Labor Department released a report on Thursday unexpectedly showing a slight dip in first-time claims for U.S. unemployment benefits in the week ended September 5th. The report said initial jobless claims edged down to 206,000, a decrease of 1,000 from the previous week's revised level of 207,000.
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3h 8min ago
Macy's Stock Drops On Cautious Q3 View, Despite Positive Q2 Results, Raised FY26 Outlook
Omni-channel fashion retailer Macy's, Inc., while reporting higher profit and comparable sales in its second quarter, on Thursday issued third-quarter forecast, expecting an adjusted loss and cautious comps. Further, the firm raised outlook for fiscal 2026. In pre-market activity on the NYSE, the shares were losing around 3.93 percent.
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4h 43min ago
U.S. Producer Prices Increase In Line With Estimates In August
Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday.
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4h 46min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
The Labor Department released a report on Thursday unexpectedly showing a slight dip in first-time claims for U.S. unemployment benefits in the week ended September 5th.
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4h 48min ago
more news
Lower Open Likely On Bay Street
Canadian stocks look headed for a weak start on Thursday amid concerns about inflation and interest rates following oil's continued move up north.
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4h 48min ago
FTSE 100 Down 0.31% As Oil Surge Stokes Rate-Hike Worries
The U.K. benchmark FTSE 100 fell 32.70 points to 10,637.36 Thursday amid elevated oil prices and central bank monetary tightening worries. Associated British Foods dropped nearly 11% despite raising earnings guidance, hurt by negative Sugar division outlook.
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5h 59min ago
CAC 40 Edges Higher As ECB Rate Decision Looms
France's equity benchmark CAC 40 gained ground Thursday as market sentiment remained cautious ahead of the European Central Bank's monetary policy announcement. Brent crude futures rose 0.8% amid ongoing Middle East conflict concerns.
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6h 28min ago
Indian Shares Snap Three-day Losing Streak
Indian shares fluctuated before ending slightly higher on Thursday. Benchmark indexes snapped a three-day losing streak even as Brent crude prices rose above $102 a barrel to reach their highest level since May, fueling concerns about the potential impact on rupee, inflation and corporate earnings.
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6h 49min ago
Oil Surge Weighs On German Equities Before ECB Announcement
German equities turned in mixed performance on Thursday as investors awaited the European Central Bank's interest rate announcement. The DAX gained 0.04% to 25,563.55, while August inflation data showed consumer prices rose 2.9% year-on-year, matching forecasts.
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6h 51min ago
Gold Edges Lower In Lackluster Trade; US Inflation Data In Focus
Gold edged lower on Thursday amid fears that rising oil prices will fan inflation and add to pressure on global central banks to raise interest rates.
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7h 36min ago
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