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U.S. Business Inventories Unexpectedly Edge Slightly Lower In January
Business inventories in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday. The Commerce Department said business inventories slipped by 0.1 percent in January following a revised unchanged reading in December.
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163 days ago
U.S. Manufacturing Index Unexpectedly Indicates Slightly Faster Growth In March
A report released by the Institute for Supply Management on Wednesday unexpectedly showed slightly faster growth in U.S. manufacturing activity in the month of March. The ISM said its manufacturing PMI inched up to 52.7 in March from 52.4 in February, with a reading above 50 indicating growth. Economists had expected the index to edge down to 52.3.
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163 days ago
U.S. Retail Sales Growth Slightly Exceeds Estimates In February
Retail sales in the U.S. increased by slightly more than expected in the month of February, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said retail sales climbed by 0.6 percent in February after edging down by a revised 0.1 percent in January.
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163 days ago
Apple @ 50: Five Decades Of Reinvention
April 1 marks 50 years of Apple Inc., the tech major whose inventions and innovations in the world of technology have brought a radical change in the lives of people over these years. Apple, which was founded on April 1, 1976 in a small garage by visionary Steve Jobs and others, has now become a tech titan offering consumer electronics, software and online services.
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163 days ago
U.S. Private Sector Adds 62,000 Jobs In March, More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment grew by 62,000 jobs in March after climbing by an upwardly revised 66,000 jobs in February. Economists had expected private sector employment to rise by 40,000 jobs.
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163 days ago
Bay Street Seen Extending Recent Gains
Canadian shares are likely to open on a firm note Wednesday morning, extending gains from the previous session, amid growing optimism about an end to the ongoing war in the Middle East. Higher precious metals prices may trigger another round of buying in the materials sector.
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163 days ago
UK Manufacturing Growth Moderates In March
The UK manufacturing sector growth moderated in March as rising uncertainty around geopolitical tensions and direction of domestic economic policy led to a scaling back of output, final survey results from S&P Global showed Wednesday. The final manufacturing Purchasing Managers' Index registered 50.0 in March, down from 51.7 in February. The score was also below the flash estimate of 51.4.
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163 days ago
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U.S. Retail Sales Climb More Than Expected In February
Retail sales in the U.S. increased by slightly more than expected in the month of February, the Commerce Department revealed in a report released on Wednesday.
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163 days ago
U.S. Private Sector Employment Climbs More Than Expected In March
Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday.
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163 days ago
FTSE 100 Up Over 2% On All-round Buying
The U.K. stock market's benchmark index FTSE 100 moved up sharply on Wednesday thanks to fairly strong buying across the board amid growing optimism about a de-escalation in tensions in the Middle East. Stocks from banking, mining and travel sectors moved up sharply.
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163 days ago
U.S. Dollar Falls On US-Iran War De-escalation Hopes
The U.S. dollar weakened against other major currencies in the European session on Wednesday, as European shares traded higher after U.S. President Donald Trump said the Iran war could end in two weeks sans a deal to re-open the Hormuz, brining a much-needed relief to markets roiled by the conflict.
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163 days ago
CAC 40 Up Nearly 2% As Stocks Rise On Middle East War De-escalation Hopes
France's equity benchmark CAC 40 rose sharply on Wednesday, extending gains to a third straight session, amid optimism about a de-escalation in the Middle East war.
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163 days ago
Indian Shares Rally As Middle East Tensions Ease
Indian shares rallied on Wednesday, recovering from their steepest drop in six years in March, on signs of easing Middle East tensions.
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163 days ago
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