Japan Tertiary Activity Index Data Due On Tuesday
(RTTNews) - Japan will on Tuesday see May results for its tertiary industry activity index, highlighting a light day for Asia-Pacific economic activity. In April, the index was up 1.9 percent on month to a reading of -9.50.
South Korea will see June data for import and export prices; in May, import prices were up 4.6 percent on year and export prices rose 7.5 percent.
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U.S. Pending Home Sales Spike Much More Than Expected In September
Pending home sales in the U.S. spiked by much more than expected in the month of September, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index soared by 7.4 percent to 75.8 in September after climbing by 0.6 percent to 70.6 in August. Economists had expected pending home sales to jump by 1.1 percent.
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GSK Q3 Results Down, Sees FY24 Outlook At Mid Range; Stock Drops
Shares of GSK plc were losing more than 4 percent on the London Stock Exchange as well as in the early morning trading on the NYSE after the British drug maker reported Wednesday sharply lower profit in its third quarter on $2.3 billion charge on Zantac settlement, as well as weak revenues. Further, GSK confirmed its fiscal 2024 outlook for earnings, core profit and sales.
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U.S. Economic Growth Unexpectedly Slows Modestly In Q3
A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter. The Commerce Department said gross domestic product shot up by 2.8 percent in the third quarter after surging by 3.0 percent in the second quarter. Economists had expected another 3.0 percent jump.
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vor 7Std 47 Minuten
Euroarea Logs Faster GDP Growth In Q3 Despite Recession Worries
The Eurozone economic growth improved unexpectedly in the third quarter, easing fears of an imminent recession as Germany, France and Spain registered better-than-expected growth. Gross domestic product increased 0.4 percent on a quarterly basis, the preliminary flash estimate from Eurostat showed Wednesday. GDP was expected to log 0.2 percent growth, the same rate as seen in the second quarter.
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U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to climb by 115,000 jobs.
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U.S. Gross Domestic Product Jumps Less Than Expected In Q3
A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter.
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vor 8Std 42 Minuten
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning, reacting to corporate earnings updates and key economic data from the U.S. Energy stocks may move up on firm crude oil prices.
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vor 8Std 42 Minuten
German Economy Avoids Recession In Q3
The German economy avoided a technical recession in the third quarter, thanks to household and government consumption, preliminary estimate from Destatis showed Wednesday. Gross domestic product grew 0.2 percent from a quarter ago, confounding expectations for a contraction of 0.1 percent. However, the statistical office downwardly revised the fall for the second quarter to 0.3 percent from 0.1 p
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