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UK New Car Registrations Rise On Heavy EV Discounting: SMMT
UK new car registrations increased in '74' plate change month of September as heavy EV discounting shores up demand, the Society of Motor Manufacturers and Traders said Friday. New car sales rose 1.0 percent to 275,239 units in September. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since 2020.
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Bay Street May Open Slightly Higher; U.S. Jobs Data In Focus
Higher crude oil prices and slightly positive European stocks point to a marginally higher start for the Canadian market Friday morning. However, U.S. non-farm payroll data, due before the opening bell, holds the key for the market, as the numbers could offer some clues about the likely move of the Federal Reserve with regard to the size of its next interest rate cut.
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Yen Rises On Middle East Worries
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Fed's rate trajectory.
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Sensex, Nifty Extend Selloff On Middle East Worries
Indian shares fell notably on Friday to extend steep losses from the previous session as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Fed's rate trajectory.
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OpenAI Unveils Canvas ChatGPT Interface To Write And Code
OpenAI, the maker of popular chatbot ChatGPT, announced the launch of canvas, a new interface for working with ChatGPT on writing and coding projects, more than the simple chat. Canvas, the new way to interact with ChatGPT, opens in a separate window, allowing the users and ChatGPT to collaborate on a project. According to the firm, Canvas is a new approach and the first major update to ChatGPT's
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UK Construction Activity Growth Fastest Since Early 2022
The UK construction activity posted its fastest expansion in nearly two-and-a-half years in September on robust output and new order growth, survey data from S&P Global revealed Friday. The construction Purchasing Managers' Index registered 57.2 in September, up from 53.6 in August. The reading was forecast to climb moderately to 53.1. The index has remained above the neutral 50.0 threshold.
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European Shares Cling To Modest Gains Ahead Of US Jobs Data
European stocks were seeing marginal gains on Friday amid concerns about a wider Middle East conflict and ahead of the all-important U.S. jobs report due later in the day that could shed additional light the health of the economy and rate outlook.
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more news
German Construction PMI Rises To 16-Month High
Germany's construction sector activity contracted at the slowest pace in 16 months in September, survey results from S&P Global showed on Friday. The construction Purchasing Managers' Index rose to 41.7 from 38.9 in the previous month. This was the highest since May 2023. However, the score remained below 50.0, indicating contraction.
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FTSE 100 Edges Lower Ahead Of US Jobs Data
U.K. stocks traded lower on Friday as investors awaited the much-anticipated U.S. employment report for September later in the day for greater insight into the health of the economy and the outlook for rates.
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CAC 40 Edges Higher After Thursday's Selloff
French stocks eked out modest gains on Friday after falling sharply in the previous session on concerns over a worsening conflict in the Middle East.
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DAX Little Changed Ahead Of US Jobs Report
German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates.
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Asian Shares Mixed As Investors Await US Payrolls Report
Asian stocks ended mixed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates.
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India Service Sector Continues To Expand In September
India service sector expanded at a solid pace in September but growth in total new business, exports and overall output grew at the slowest rates since late-2023, final data compiled by S&P Global showed on Friday. The HSBC services Purchasing Managers' Index fell to 57.7 in September from 60.9 in the previous month. The flash reading was 58.9.
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