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Indonesia GDP Data Due On Monday
Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 0.45 percent on quarter and 5.04 percent on year.
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TSX Ends On Firm Note
The Canadian market ended on a firm note on Friday on easing concerns about the outlook for Fed interest rates after data showed a slowdown in U.S. employment growth.
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Swiss Market Ends On Firm Note
The Switzerland market ended on a firm note on Friday, after staying positive right through the day's session thanks to some encouraging earnings updates, and easing worries about the outlook for interest rates.
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U.S. Dollar Lower As Soft Jobs Data Lifts Rate Cut Hopes
The U.S. dollar fell against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for April boosted hopes of a rate cut by the Federal Reserve in September.
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European Stocks Close Higher As Investors React To Earnings, Economic Data
European stocks closed higher on Friday, reacting to corporate earnings updates, regional economic data, and U.S. non-farm payroll data for the month of April.
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Canadian Market Firmly Up In Positive Territory
The Canadian market is modestly higher in late morning trades on Friday, lifted by gains in healthcare, real estate, communications and utilities sectors.
Strong results from iPhone maker Apple Inc., and slightly easing concerns about the outlook for interest rates after the latest batch of economic data from the U.S. help underpin sentiment.
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U.S. Service Sector Activity Contracts For First Time Since December 2022
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
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more news
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
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U.S. Services PMI Unexpectedly Indicates Contraction In April
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday.
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U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher
After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised 315,000 jobs in March.
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U.S. Employment Climbs Much Less Than Expected In April
After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April.
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Bay Street Likely To Open Higher
Canadian shares look headed for a positive start Friday morning, tracking firm crude oil prices and gains in European markets. Encouraging earnings updates from Apple Inc., is also likely to aid sentiment.
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Sensex, Nifty End Sharply Lower Despite Firm Global Cues
Indian shares ended Friday's session deep in the red despite encouraging cues from global markets.
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