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Swiss Market Settles Modestly Higher
After opening slightly up and staying marginally above the flat line till about an hour before noon on Friday, Swiss stocks gained in strength and finally ended the trading session modestly higher.
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225 days ago
Major European Markets Close On Firm Note
The major European markets closed on a firm note on Friday even as other markets in the region turned in a mixed performance, with investors digesting the latest batch of regional economic data and earnings news.
Investors also kept an eye on some key events in the U.S., including data releases and President Donald Trump's announcement nominating Kevin Warsh for the post of Fed Chair.
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225 days ago
TSX Tumbles Nearly 3%; Materials Stocks Plunge As Precious Metals Prices Tank
Canadian stock market's benchmark S&P/TSX Composite Index tumbled Friday morning as falling precious metals prices triggered heavy selling in the materials sector. Technology stocks dropped as well, adding to market's woes.
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225 days ago
Chicago Business Barometer Surges Back Into Expansion Territory January
MNI Indicators released a report on Friday showing its reading on Chicago business activity unexpectedly surged back into expansion territory in the month of January. The report said the Chicago business barometer soared to 54.0 in January from a downwardly revised 42.7 in December, with a reading above 50 indicating growth.
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225 days ago
U.S. Producer Price Growth Exceeds Estimates In December
Producer prices in the U.S. increased by much more than anticipated in the month of December, according to a report released by the Labor Department on Friday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in December after rising by 0.2 percent in November. Economists had expected producer prices to rise by another 0.2 percent.
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225 days ago
Bay Street Likely To Open On Weak Note As Commodity Prices Tumble
Canadian stock may open on a negative note Friday morning with falling precious metals and oil prices set to trigger a sell-off in resources stocks.
Investors will also be reacting to U.S. President Donald Trump's announcement that he is nominating Kevin Warsh as the next Federal Reserve chair.
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225 days ago
U.S. Producer Prices Climb Much More Than Expected In December
Producer prices in the U.S. increased by much more than anticipated in the month of December, according to a report released by the Labor Department on Friday.
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225 days ago
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FTSE 100 Up Nearly 0.5% At Noon; Miners Slip As Metal Prices Tumble
The UK stock market's benchmark index FTSE 100 recovered after a weak start Friday morning with gains in financials and consumer sectors offsetting weakness in mining and energy stocks.
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225 days ago
Eurozone Growth Stable At 0.3%
The euro area economy grew at a steady pace in the fourth quarter despite geopolitical and economic tensions, official data revealed on Friday. Gross domestic product rose 0.3 percent sequentially, the same rate of growth as seen in the third quarter, preliminary flash estimate published by Eurostat showed on Friday. The rate was also slightly stronger than economists' forecast of 0.2 percent.
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225 days ago
Yen Slides Amid Reduced BoJ Rate Hike Speculation
The Japanese yen weakened against other major currencies in the European session on Friday, as expectations for an immediate Bank of Japan (BoJ) rate hike are reduced by softer Tokyo CPI prints.
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225 days ago
CAC 40 Advances As Investors React To Economic Data
The French stock market's key index CAC 40 moved higher on Friday, extending gains from the previous session, as investors digested regional economic data and latest earnings news.
Reports about U.S. lawmakers reaching a bipartisan funding deal to avoid a government shutdown aided sentiment.
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225 days ago
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Friday.
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225 days ago
DAX Up Firmly In Positive Territory; Adidas Rises 6%
After three successive days of declines, Germany's equity benchmark DAX climbed higher on Friday with investors digesting a slew of economic data and corporate earnings updates.
Concerns about geopolitical tensions and tariffs lingered, but the focus remained mainly on domestic data.
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225 days ago
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