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Swiss Market Ends On Firm Note

The Switzerland stock market ended on a firm note on Wednesday, in line with markets across Europe.

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European Stocks Close Higher On Eurozone Inflation Data

European stocks closed higher on Wednesday, buoyed by data showing eurozone inflation slowing more than expected in the month of November.

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Canadian Market Retreats After Positive Start; Tech Stocks Post Gains

After a positive start and a subsequent uptick, the Canadian market pared gains and slipped into negative territory Wednesday morning with investors turning cautious and refraining from making significant moves.

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U.S. Pending Home Sales Decrease For Fifth Straight Month In October

Pending home sales in the U.S. decreased for the fifth consecutive month in October, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index tumbled by 4.6 percent to 77.1 in October after plunging by 8.7 percent to a revised reading of 80.8 in September.

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U.S. Dollar Down Amid Soft ADP Data; Powell's Speech In Focus

The U.S. dollar was lower against its most major opponents in the European session on Wednesday, as the nation's private sector job growth slowed more than expected in November and investors focused on a speech by U.S. Federal Reserve Chair Jerome Powell for more clues about the future path of monetary policy.

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Chicago Business Barometer Unexpectedly Indicates Faster Contraction In November

MNI Indicators released a report on Wednesday showing Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of November. The report showed the Chicago business barometer tumbled to 37.2 in November from 45.2 in October, with a reading below 50 indicating a contraction.

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US To Co-host Second Summit For Democracy in March

The United States will co-host the second Summit for Democracy during March 29-30, 2023, with Costa Rica, the Netherlands, South Korea, and Zambia. This diverse group of co-hosts underscores the universal desire for accountable, transparent, and rights-respecting governance. Building on the first Summit for Democracy held in December 2021, this gathering will demonstrate how democracies deliver

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U.S. Q3 GDP Growth Unexpectedly Upwardly Revised To 2.9%

Revised data released by the Commerce Department on Wednesday unexpectedly showed the U.S. economy grew by more than previously estimated in the third quarter. The report said real gross domestic product spiked by 2.9 percent in the third quarter compared to the previously reported 2.6 percent surge. Economists had expected the pace of GDP growth to be unrevised.

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U.S. Private Sector Job Growth Falls Well Short Of Estimates In November

Private sector job growth in the U.S. fell well short of economist estimates in the month of November, payroll processor ADP revealed in a report released on Wednesday. ADP said private sector employment increased by 127,000 jobs in November after surging by an unrevised 239,000 jobs in October. Economists had expected employment to jump by another 200,000 jobs.

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German Unemployment Increases More Than Expected

Germany's unemployment increased more than expected in November as energy crisis and weaker demand dampened activity particularly in the manufacturing sector. The number of people out of work increased by 17,000, which was larger than economists' forecast of 13,000 and also October's rise of 9,000, data from the Federal Labor Agency revealed Wednesday.

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