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European Stocks Close Higher After ECB Lowers Interest Rate
European stocks closed higher on Thursday with investors cheering the European Central Bank's rate cut announcement, and digesting a slew of corporate earnings updates and regional and U.S. economic data.
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Euro Drops As ECB Lowers Key Rates Again
The euro fell against its major counterparts in the European session on Thursday, as the European Central Bank cut key interest rates by 25 basis points amid progress in disinflation and weak economic data released since the September policy session.
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Pred 41 dňami
U.S. Business Inventories Increase In Line With Estimates In August
A report released by the Commerce Department on Thursday showed business inventories in the U.S. increased in line with economist estimates in the month of August. The Commerce Department said business inventories rose by 0.3 percent in August, matching a downwardly revised increase in July.
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U.S. Homebuilder Confidence Improves For Second Straight Month In October
With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October.
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U.S. Industrial Production Dips In September Amid Boeing Strike, Hurricanes
A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by 0.2 percent.
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Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25
Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.
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Pred 41 dňami
ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth
The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session.
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more news
U.S. Retail Sales Climb 0.4% In September, Slightly More Than Expected
A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3 percent.
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U.S. Jobless Claims Unexpectedly Pull Back Off Highest Level In Over A Year
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000.
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U.S. Industrial Production Dips Slightly More Than Expected In September
A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September.
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Pred 41 dňami
Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View
Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings and organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization, effective as of January 1, along with certain key changes...
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Pred 41 dňami
U.S. Weekly Jobless Claims Unexpectedly Decrease To 241,000
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday.
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Pred 41 dňami
Bay Street Likely To Open On Positive Note
The Canadian market is likely to open higher on Thursday, tracking positive European markets and slightly higher commodity prices. Investors will also be reacting to the European Central Bank's decision to lower interest rates.
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Pred 41 dňami
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