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U.S. Dollar Advances After Hot PCE Data
The U.S. dollar strengthened against its major counterparts in the New York session on Friday, after a data showed that the Federal Reserve's preferred gauge of inflation accelerated in May.
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Swiss Market Ends On Buoyant Note
The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement.
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European Stocks Close Higher As Trade Tensions Ease
European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments.
The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.
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U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
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U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates
While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
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Eurozone Economic Sentiment Falls Unexpectedly
Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
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Bay Street May Open On Positive Note
Canadian shares look headed for a higher start Friday morning, thanks to positive global cues amid easing trade tensions after the U.S. struck a deal with China to expedite rate earth shipments.
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Berita lainnya
Coleman Co. Recalls 229K Converta Camping Cots, Stretchers
Atlanta, Georgia-based Coleman Co., Inc. is recalling about 228,760 units of Converta camping cots and Converta camping suspension stretchers citing laceration and amputation, according to the U.S. Consumer Product Safety Commission. The recall involves Coleman Converta camping cots with model numbers 2000003077 and 2000020282, and Coleman Converta camping suspension stretchers with model number
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U.S. Consumer Prices Inch Up 0.1% In May, In Line With Estimates
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May.
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FTSE 100 Moderately Higher On Easing Trade Tensions
The U.K. market is moderately higher Friday afternoon, led by gains in stocks from financials and healthcare sectors. Easing concerns about U.S.-China trade tensions, and Mid-East worries contribute to the firm undertone in the market.
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CAC 40 Up Nearly 1.5%
Despite data showing an acceleration in the nation's consumer price inflation, and a deterioration in Eurozone economic sentiment, French stocks are notably higher on Friday thanks to easing trade tensions after the U.S. struck a deal with China to expedite rare earth shipments.
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Sensex Rises Over 300 Points; Nifty Ends Above 25,600
Indian shares rose modestly on Friday, with underlying sentiment supported by a sharp fall in crude oil prices this week and a weakening dollar on hopes for more Fed rate cuts this year.
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Nike Stock Gains Despite Weak Q4 Results, Q1 Outlook; Sees $1 Bln Tariff Impact
Shares of Nike Inc. were up around 11 percent in the extended trading on Thursday on the NYSE and are currently gaining around 10 percent in pre-market activity, despite reporting a sharply lower fourth-quarter results with the biggest hit from its turnaround plan. Further, the sportswear giant projects weak margin and sales in its first quarter, but slower than the preceding quarter.
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