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Australian Market Sharply Lower
Australian shares are trading sharply lower on Wednesday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from global markets overnight, with losses across most sectors led by mining and energy stocks amid tumbling commodity prices.
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Australia Manufacturing PMI Improves To 49.6 In April - Judo
The manufacturing sector in Australia continued to contract in April, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 49.6.
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New Zealand Jobless Rate Rises To 4.3% In Q1
The unemployment rate in New Zealand came in at a seasonally adjusted 4.3 percent in the first quarter of 2024, Statistics New Zealand said on Wednesday.
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TSX Ends Nearly 300 Pts Down As Stocks Tumble On Growth Worries
The Canadian market suffered one of its worst setbacks in several months on Tuesday as stocks tumbled on concerns about growth and interest rate outlook, and weak commodity prices, ahead of the Federal Reserve's monetary policy announcement.
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New Zealand Unemployment Data Due On Wednesday
New Zealand will on Wednesday release Q1 figures for unemployment, highlighting s busy day for Asia-Pacific economic activity.
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Dollar Rises Against Major Counterparts Ahead Of Fed Policy Decision
The U.S. dollar gained against its major counterparts on Tuesday after data showing a jump in employment cost index raised concerns the Federal Reserve will further delay an interest rate cut.
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Stocks End Sharply Lower Ahead Of Fed Policy
Stock prices went down south on Wall Street on Tuesday, sliding lower and lower after a weak start, as concerns about inflation and uncertainty about the Fed's interest rate moves rendered the mood bearish.
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Swiss Market Ends Moderately Lower
Swiss stocks turned in a weak performance on Tuesday, as investors reacted to some earnings updates and looked ahead to the Federal Reserve's monetary policy announcement, due tomorrow.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Tuesday, as investors digested the latest batch of earnings and economic updates, and looked ahead to the Federal Reserve's monetary policy announcement due on Wednesday.
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U.S. Dollar Appreciates As Employment Costs Jump
The U.S. dollar firmed against its major counterparts in the New York session on Tuesday, amid a spike in employment cost index in the first quarter before the Federal Reserve's policy decision on Wednesday.
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Canadian Market Down Firmly In Negative Territory At Noon
Canadian stocks are down firmly in negative territory a little past noon on Tuesday, weighed down by data showing less than expected growth of the nation's economy in February.
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U.S. Consumer Confidence Index Drops To Lowest Level Since July 2022
A report released by the Conference Board on Tuesday showed consumer confidence in the U.S. deteriorated by much more than expected in the month of April. The Conference Board said its consumer confidence index slid to 97.0 in April from a downwardly revised 103.1 in March. Economists had expected the index to dip to 140.0 from the 104.7 originally reported for the previous month.
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Chicago Business Barometer Unexpectedly Drops To Lowest Level Since November 2022
MNI Indicators released a report on Tuesday showing Chicago-area business unexpectedly contracted at an accelerated rate in the month of April. The report said the Chicago business barometer dropped to 37.9 in April from 41.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to rise to 44.9.
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