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European Stocks Close Higher On Encouraging Economic Data

European stocks closed higher on Thursday with investors continuing to react positively to inflation readings from the U.S. and U.K. Investors also digested U.S. GDP data and weekly jobless claims and industrial production data from the U.S.
RTTNews | 131 дней спустя
U.S. Dollar Higher After Upbeat Economic Data

U.S. Dollar Higher After Upbeat Economic Data

The U.S. dollar was higher against its major counterparts in the New York session on Thursday, as strong retail sales and soft jobless claims data alleviated concerns about a recession and raised the likelihood of a 25 basis point rate cut by the Federal Reserve in September.
RTTNews | 131 дней спустя
U.S. Business Inventories Increase In Line With Estimates In June

U.S. Business Inventories Increase In Line With Estimates In June

The Commerce Department released a report on Thursday showing business inventories in the U.S. increased in line with economist estimates in the month of June. The report said business inventories rose by 0.3 percent in June after climbing by 0.5 percent in May. The growth matched expectations.
RTTNews | 131 дней спустя
U.S. Housing Market Index Unexpectedly Drops To Eight-Month Low In August

U.S. Housing Market Index Unexpectedly Drops To Eight-Month Low In August

Homebuilder confidence in the U.S. has unexpectedly continued to deteriorate in the month of August, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in August from a downwardly revised 41 in July.
RTTNews | 131 дней спустя
U.S. Industrial Production Decreases 0.6% In July, Much More Than Expected

U.S. Industrial Production Decreases 0.6% In July, Much More Than Expected

The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial production to dip by 0.3 percent.
RTTNews | 131 дней спустя
New York Manufacturing Index Remains Negative In August

New York Manufacturing Index Remains Negative In August

New York manufacturing activity edged slightly lower in the month of August, the Federal Reserve Bank of New York revealed in a report on Thursday. The New York Fed said its general business conditions index rose to a negative 4.7 in August from a negative 6.6 in July, but a negative reading still indicates contraction. Economists had expected the index to inch up to a negative 6.0.
RTTNews | 131 дней спустя
Philly Fed Index Unexpectedly Tumbles Into Negative Territory In August

Philly Fed Index Unexpectedly Tumbles Into Negative Territory In August

A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing softened overall in the month of August. The Philly Fed said its diffusion index for current general activity plunged to a negative 7.0 in August from a positive 13.9 in July, with a negative reading indicating contraction. Economists had expected the index to decrease to a positive 7.0.
RTTNews | 131 дней спустя
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U.S. Import Prices Unexpectedly Inch Up 0.1% In July

U.S. Import Prices Unexpectedly Inch Up 0.1% In July

Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday. The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent.
RTTNews | 131 дней спустя
U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3 percent.
RTTNews | 131 дней спустя
U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to inch up to 235,000.
RTTNews | 131 дней спустя
Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Shares of Cisco Systems Inc. were gaining around 8 percent in the pre-market activity on the Nasdaq after the technology conglomerate, in its fourth-quarter earnings call, announced a restructuring plan with around 7 percent cut in its global workforce. The move, which is expected to allow the firm to invest in key growth opportunities and drive more efficiencies in its business, would result...
RTTNews | 131 дней спустя

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