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Canadian Market Up Firmly; Technology, Materials Stocks Among Major Gainers
The Canadian market is up firmly in positive territory Thursday afternoon on sustained buying in stocks from across various sectors thanks to encouraging economic data from the U.S. and on continued optimism about an interest rate cut by the Federal Reserve in September.
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771 hari yang lalu
Swiss Market Ends On Firm Note For 2nd Straight Day
The Switzerland market shrugged off a slightly weak start and moved higher on Thursday amid continued optimism about interest rate cuts by the Swiss National Bank and the Federal Reserve in September, and on positive reaction to the latest batch of economic data from the U.S. and Europe.
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771 hari yang lalu
Upward Revision To GDP Data Lifts U.S. Dollar
The U.S. dollar firmed against its major counterparts in the New York session on Thursday, as stronger-than-expected GDP data for the second quarter eased recession fears and reinforced expectations for a rate cut in September.
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771 hari yang lalu
European Stocks Close On Firm Note
European stocks closed higher on Thursday, and the German market rose to a record high, while the U.K. and French markets climbed to multi-month and multi-week highs, respectively, as investors largely reacted positively to earnings and economic data, while looking ahead to upcoming French GDP and inflation reports and the personal income & spending data from the U.S.
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U.S. Pending Home Sales Unexpectedly Pull Back Sharply In July
After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Thursday unexpectedly showing a sharp pullback by pending home sales in the month of July. NAR said its pending home sales plunged by 5.5 percent to 70.2 in July after surging by 4.8 percent to 74.3 in June.
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771 hari yang lalu
U.S. GDP Growth Accelerates More Than Previously Estimated In Q2
The Commerce Department released a report on Thursday showing the U.S. economy unexpectedly grew by more than previously estimated in the second quarter. The report said the surge by gross domestic product in the second quarter was upwardly revised to 3.0 percent from the previously reported 2.8 percent. Economists had expected the pace of GDP growth to be unrevised.
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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week's revised level of 233,000.
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772 hari yang lalu
Berita lainnya
German Inflation Weakest Since Early 2021
Germany's consumer price inflation reached the lowest since early 2021 on lower energy prices and favorable base effects, raising chances of a September interest rate cut by the European Central Bank. Consumer price inflation softened to 1.9 percent in August from 2.3 percent in July, flash data from Destatis showed on Thursday.
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VivoPower's Tembo E-LV Agrees To Merger With Special Purpose Acquisition Company In $904 Mln Deal
Tembo E-LV B.V., a subsidiary of VivoPower International plc (VVPR) announced Thursday that it has executed a definitive Business Combination Agreement with Cactus Acquisition Corp. Limited, a Cayman Islands exempted special purpose acquisition company (CCTS, CCTSW, CCTSU).
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772 hari yang lalu
U.S. GDP Jumps More Than Previously Estimated In Q2
The Commerce Department released a report on Thursday showing the U.S. economy unexpectedly grew by more than previously estimated in the second quarter.
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772 hari yang lalu
U.S. Weekly Jobless Claims Edge Down To 231,000
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday.
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772 hari yang lalu
UK Car Production Falls On Model Changeover, Supply Chain Challenges
UK car production declined in July due to model changeovers as well as temporary supply chain challenges, the Society of Motor Manufacturers & Traders, or SMMT, said on Thursday. Car output posted an annual decline of 14.4 percent in July. Factory lines rolled out 65,478 vehicles.
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772 hari yang lalu
Bay Street Seen Opening On Positive Note
Canadian shares are likely to open on positive note Thursday morning, riding on higher commodity prices, and cheering fairly impressive earnings from major banks.
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772 hari yang lalu
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