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European Stocks Close Higher Again
European stocks closed higher on Thursday, extending recent uptick, thanks to gains in materials and healthcare sectors outweighing losses posted by technology shares.
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1159 days ago
U.S. Dollar Appreciates As Weekly Jobless Claims Fall Unexpectedly
The U.S. dollar advanced against its major counterparts in the European session on Thursday, as the nation's weekly jobless claims unexpectedly dipped in the week ended July 15, pointing to the resilience of the labor market.
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1159 days ago
U.S. Leading Economic Index Drops Slightly More Than Expected In June
Suggesting U.S. economic activity will continue to decelerate in the months ahead, the Conference Board released a report on Thursday showing its reading on leading economic indicators fell by slightly more than expected in the month of June.
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1159 days ago
U.S. Existing Home Sales Tumble More Than Expected In June
Reflecting steep drops in the South and West, the National Association of Realtors released a report on Thursday showing U.S. existing home sales fell by more than expected in the month of June. NAR said existing home sales tumbled by 3.3 percent to an annual rate of 4.16 million after inching up by 0.2 percent to a rate of 4.30 million in May.
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1159 days ago
Philadelphia-Area Manufacturing Activity Continues To Decline In July
Philadelphia-area manufacturing activity continued to decline in the month of July, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current activity crept up to a negative 13.5 in July from a negative 13.7 in June, with a negative reading indicating a contraction.
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1159 days ago
Japan Govt Downgrades Growth Outlook; Forecast Inflation To Exceed BoJ Target
Japan's government downgraded the economic growth outlook for the current fiscal year on weak exports, but upwardly revised the forecast for inflation on strong wage hikes and it is now seen above the Bank of Japan's target. The government, led by Premier Kishida Fumio, forecast the economy to grow 1.3 percent in the current fiscal year ending March 2024.
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1159 days ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 228,000
First-time claims for U.S. unemployment benefits unexpectedly dipped in the week ended July 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 228,000, a decrease of 9,000 from the previous week's unrevised level of 237,000. Economists had expected jobless claims to inch up to 242,000.
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1159 days ago
more news
American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates
American Airlines reported Thursday a net profit for the second quarter that almost tripled from last year, reflecting operating revenue growth and lower operating expense, primarily aircraft fuel expenses. Adjusted earnings per share and quarterly operating revenues topped analysts' estimates. The company also raised its outlook for the full-year 2023.
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1159 days ago
Philly Fed Index Rises Much Less Than Expected In July
Philadelphia-area manufacturing activity continued to decline in the month of July, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.
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1159 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
First-time claims for U.S. unemployment benefits unexpectedly dipped in the week ended July 15th, according to a report released by the Labor Department on Thursday.
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1159 days ago
FTSE 100 Extends Rally As Earnings Boost Adds To Inflation Euphoria
FTSE 100 of the London Stock Exchange continued to surge as earnings boost exacerbated the positive sentiment generated by the easing in inflation.
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1159 days ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to see a mixed start on Thursday, with investors reacting to updates from big-name U.S. companies Netflix and Tesla, and tracking commodity prices.
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1159 days ago
Major European Markets Extending Recent Gains
European stocks are up in positive territory on Thursday, led by gains in materials and healthcare sectors.
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1159 days ago
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