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Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as May data for Tokyo-area inflation.
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Canadian Market Ends On Strong Note As Investors Cheer Earnings, Economic Data
The Canadian market closed on a strong note on Thursday, with investors cheering buoyant earnings updates from the Royal Bank of Canada and the Canadian Imperial Bank of Commerce. Slightly easing concerns about the outlook for Fed interest rates helped as well.
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Dollar Retreats After U.S. GDP, Jobless Claims Data
The U.S. dollar pared early gains and remained subdued in the New York session on Thursday after data showing a slower than estimated growth in the first quarter, and an increase in jobless claims eased concerns about the outlook for interest rates.
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Swiss Market Ends On Firm Note
Despite spending much of the day's session in the red, the Switzerland market closed on a firm note on Thursday as stocks climbed higher on strong buying support past mid afternoon. Data showing an acceleration in the nation's GDP growth aided sentiment.
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860 hari yang lalu
Major European Markets Close Higher
European stocks closed higher on Thursday as the latest batch of economic data from the U.S. helped ease concerns about the outlook for Fed interest rates. Stocks also found support thanks to some bargain hunting after recent losses.
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860 hari yang lalu
U.S. Dollar Falls Amid Downward Revision To GDP Data, Higher Jobless Claims
The U.S. dollar declined against its major counterparts in the New York session on Thursday, as economic growth slowed more than previously estimated in the first quarter and jobless claims edged up last week, raising expectations for an interest rate cut in the near future.
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860 hari yang lalu
Canadian Stocks Climb Higher On Upbeat Earnings
The Canadian market is up firmly in positive territory Thursday morning amid slightly easing concerns about the outlook for interest rates after data showed a slowdown in U.S. economic growth in the first quarter and an increase in jobless claims last week.
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860 hari yang lalu
Berita lainnya
U.S. Crude Oil Inventories Pull Back Much More Than Expected
The Energy Information Administration released a report on Thursday showing U.S. crude oil inventories tumbled by much more than expected in the week ended May 24th.
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860 hari yang lalu
U.S. Pending Home Sales Pull Back Much More Than Expected In April
A report released by the National Association of Realtors on Thursday showed a sharp pullback by pending home sales in the U.S. in the month of April. NAR said its pending home sales index plunged by 7.7 percent to 72.3 in April after spiking by 3.6 percent to an upwardly revised 78.3 in March. Economists had expected pending home sales to decrease by 0.6 percent.
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860 hari yang lalu
Google To Invest $2 Bln In Malaysia Towards AI, Cloud Services
Google announced its plan to invest $2 billion in Malaysia for cloud computing services and data centers with a view to meeting the soaring demand for AI and cloud services. It is expected that these investments and programs would contribute more than $3.2 billion to Malaysia's GDP and support 26,500 jobs by 2030.
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860 hari yang lalu
U.S. Weekly Jobless Claims Show Modest Increase
First-time claims for U.S. unemployment benefits crept modestly higher in the week ended May 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 3,000 from the previous week's revised level of 216,000. Economists had expected jobless claims to inch up to 218,000.
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860 hari yang lalu
U.S. Steel-Nippon Steel Merger Receives All Non-U.S. Regulatory Approvals
United States Steel Corp. (X) and Nippon Steel Corp. announced Thursday that they have received all regulatory approvals outside of the United States related to the proposed transaction between U. S. Steel and Nippon Steel.
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860 hari yang lalu
U.S. GDP Growth Slows More Than Previously Estimated In Q1
Revised data released by the Commerce Department on Thursday showed U.S. economic growth slowed by more than previously estimated in the first quarter of 2024. The Commerce Department said gross domestic product climbed by 1.3 percent in the first quarter compared to the previously reported 1.6 percent jump.
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860 hari yang lalu
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