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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the mixed cues from global markets on Friday, amid growing optimism that the U.S. economy is headed for a soft landing after upbeat US retail sales data and improving US consumer sentiment, which also increased confidence the US Fed will start cutting interest rates next month, but less aggressively.
RTTNews | vor 128 Tagen
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Monday, snapping a five-session winning streak. The benchmark S&P/ASX 200 is falling below the 38,000 mark, despite the broadly positive cues from Wall Street on Friday, as traders booked some profits after the recent extended rally.
RTTNews | vor 128 Tagen
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower is choppy trading on Monday, snapping the six-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,000.00 mark, with weakness in iron ore miners amid tumbling iron ore prices, partially offset by gains in gold miners amid spiking yellow metal prices.
RTTNews | vor 128 Tagen
TSX Ends Higher Again

TSX Ends Higher Again

The Canadian market ended slightly up on Friday, moving up for a seventh straight session, with gains in the materials sector contributing to the positive close.
RTTNews | vor 131 Tagen
Dollar Loses Ground As Traders Bet On Rate Cuts

Dollar Loses Ground As Traders Bet On Rate Cuts

The U.S. dollar turned in a weak performance against its major counterparts on Friday with traders betting on a few interest rate cuts by the Federal Reserve this year.
RTTNews | vor 131 Tagen
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Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Friday with investors digesting the latest batch of economic data from Canada and U.S., and reacting to some corporate news. Materials shares are gaining ground thanks to higher gold prices.
RTTNews | vor 131 Tagen
U.S. Dollar Drops Amid Fed Rate Cut Prospects

U.S. Dollar Drops Amid Fed Rate Cut Prospects

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as treasury yields fell amid expectations of rate cuts by the Federal Reserve.
RTTNews | vor 131 Tagen
Swiss Market Ends Modestly Higher On Strong Industrial Output Data

Swiss Market Ends Modestly Higher On Strong Industrial Output Data

The Switzerland market ended modestly higher on Friday after a choppy session. The mood remained positive almost right through the day's session thanks to data showing a sharp surge in the nation's industrial output, and on hopes the Federal Reserve will start cutting interest rates in September.
RTTNews | vor 131 Tagen
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly higher on Friday with some of the major markets in the region settling at multi-week highs amid easing fears about the outlook for U.S. economic growth, and optimism about an interest rate cut by the Fed next month.
RTTNews | vor 131 Tagen
CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJ's gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joe's candles, and certain baby loungers, citing various reasons. The recalls include BJ's Wholesale Club's' about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker Inc.'s about 46,200 units...
RTTNews | vor 131 Tagen

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