FTSE Up Marginally In Cautious Trade; Phoenix Group Rises On Results

U.S. Business Inventories Rise In Line With Estimates In January

Business inventories in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said business inventories rose by 0.3 percent in January after dipping by 0.2 percent in December. The rebound matched expectations.

RTTNews | 6h 14min ago

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. Economists had expected the index to remain unchanged.

RTTNews | 6h 49min ago

New York Manufacturing Activity Drops Significantly In March

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March. The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9.

RTTNews | 7h 5min ago

U.S. Retail Sales Rebound In February But Much Less Than Expected

After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February. The Commerce Department said retail sales rose by 0.2 percent in February after tumbling by a revised 1.2 percent in January. Economists had expected retail sales to climb by 0.7 percent.

RTTNews | 7h 8min ago