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CPSC Recalls: ROVs, Speakers, Chargers, Fireproof Safes, Oven Gloves, Light Fixtures, Candles
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including about 21,000 units of Polaris Industries Inc.'s RZR XP 1000 and XP 4 1000 Recreational Off-Road Vehicles or ROVs due to risk of fire; as well as about 2,500 units of Polaris Ranger ROVs and ProXD and Bobcat Utility Task Vehicles for injury risk. Further, the recalls include Anker Innovations Limited's...
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U.S. Employment Surges By 227,000 Jobs In November, More Than Expected
Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Economists had expected employment to jump by 200,000 jobs.
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U.S. Employment Surges More Than Expected In November
Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday.
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India Keeps Rates Unchanged, Lowers CRR To Boost Liquidity
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. RBI Governor said the committee voted 4-2 to maintain the policy repo rate at 6.50 percent.
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Bay Street Looks Headed For A Mixed Start
Jobs data from Canada and the U.S. hold the key for stocks on Bay Street on Friday. Metal stocks may move up on firm gold and silver prices, while oil stocks are likely to remain a bit subdued early on due to weak oil prices.
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Eurozone GDP Growth Rises On Domestic Demand
The euro area economy expanded as initially estimated in the third quarter on household and government spending and investment, revised data published by Eurostat showed Friday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent growth posted in the second quarter. The rates matched the preliminary estimate.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Friday.
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UK Halifax House Price Growth Accelerates
UK house prices growth accelerated unexpectedly in November as easing mortgage rates boosted buyer confidence, mortgage lender Halifax said Friday. House prices grew at a pace of 1.3 percent month-on-month, while the rate was forecast to slow to 0.3 percent from 0.4 percent in October. Moreover, prices increased for the fifth month in a row and marked the strongest growth so far this year.
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Sensex, Nifty End Marginally Lower As RBI Cuts Growth Outlook
Indian shares fluctuated before ending marginally lower on Friday as the Reserve Bank of India (RBI) left its key interest rates unchanged for the eleventh straight session but reduced the cash reserve ratio by 50 basis points to boost liquidity. This was the first CRR reduction since March 2020.
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European Shares Extend Gains On French Budget Optimism
European stocks traded higher for a seventh straight session on Friday amid optimism that a new French budget could be passed within a matter of weeks.
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German Industrial Production Declines Unexpectedly
Germany's industrial output decreased unexpectedly in October on weak energy and auto production, darkening economic outlook, official data revealed on Friday. Industrial output registered a 1.0 percent decrease in October, data from Destatis showed. The decline confounded expectations for an increase of 1.0 percent. Production was down by revised 2.0 percent in September.
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FTSE 100 Remains Directionless Ahead Of US Jobs Data
U.K. stocks were marginally lower on Friday ahead of the U.S. jobs report due later in the day that could alter expectations for Federal Reserve rate cuts.
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CAC 40 Climbs On Budget Optimism
French stocks traded sharply higher on Friday after President Emmanuel Macron said he will appoint a new prime minister in the coming days and will get the 2025 budget adopted by parliament.
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