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Ten-Year Yield Reaches Nearly Six-Month Closing High
Treasuries showed a notable move to the downside on Thursday, as the latest U.S. economic data added to ongoing concerns about the outlook for interest rates. Bond prices regained some ground after coming under pressure early in the session but remained firmly negative. Subsequently, the yield on th
U.S. Pending Home Sales Surge Much More Than Expected In March
Pending home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index spiked by 3.4 percent to 78.2 in March after jumping by 1.6 percent to 75.6 in February. E
European Stocks Close Lower As Investors React To Earnings, Economic Data
European stocks closed lower on Thursday with investors digesting a slew of earnings updates and economic data from Europe and the U.S. Although several companies reported fairly strong quarterly earnings, weak updates and revenue guidance from a few top notch European and U.S. companies fell short
U.S. Dollar Climbs As Jobless Claims Fall, PCE Inflation Rises
The U.S. dollar appreciated against its major counterparts in the New York session on Thursday, as GDP data showed a hot inflation reading for the first quarter and initial jobless claims fell to a two-month low last week, dashing hopes of a rate cut before September. Data from the Commerce Departme
Hong Kong Trade Gap Widens In March
Hong Kong's foreign trade deficit increased in March from a year ago as imports rose faster than exports, data from the Census and Statistics Department showed on Thursday. The trade deficit widened to HK$45.0 billion in March from HK$40.6 billion in the same month last year. In February, the trade
U.S. GDP Climbs Much Less Than Expected In Q1
A report released by the Commerce Department on Thursday showed the U.S. economy grew by much less than expected in the first quarter of 2024. The Commerce Department said gross domestic product increased by 1.6 percent in the first quarter after surging by 3.4 percent in the fourth quarter of 2023.
FTSE 100 Extends Record Winning Run On Earnings
U.K. stocks rose on Thursday to hit a record high for a third session in a row, with upbeat earnings and news of a takeover approach for Anglo American boosting investor sentiment. The benchmark FTSE 100 was up 47 points, or 0.6 percent, at 8,087 after finishing marginally lower on Wednesday. Barcla
French Manufacturing Sentiment Weakens In April
France's manufacturing confidence weakened in April largely due to the worsening order books, monthly survey results from the statistical office INSEE showed on Thursday. The manufacturing confidence index fell more-than-expected to 100 in April from upwardly revised 103 in March. The reading was se
Sensex, Nifty Extend Gains On Earnings
Indian shares closed Thursday's session notably higher despite weak cues from global markets, following disappointing forecasts from Facebook and Instagram parent Meta Platforms. The benchmark S&P BSE Sensex surged 486.50 points, or 0.66 percent, to 74,339.44, extending gains for the fifth strai
UK Retail Sales Decline Sharply In April- CBI
UK retailers reported a sharp decline in sales in April, the latest monthly Distributive Trades survey results from the Confederation of British Industry showed Thursday. A net 44 percent of retailers said sales volumes decreased in April, in contrast to the 2 percent reporting an increase in March.
DAX Dips Ahead Of Big Earnings
German stocks traded lower on Thursday as a disappointing earnings report from Facebook parent Meta Platforms gave way to caution ahead of earnings results from some of biggest and most important growth and tech companies in the U.S. Meanwhile, German consumer confidence is set to rise again in May,
CAC 40 Declines As Meta Announces Higher AI Spending
French stocks traded slightly lower on Thursday as investors reacted to mixed earnings results and awaited the latest financial results from the U.S. megacaps. Sentiment was dented by Facebook parent Meta Platforms' disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year in
European Shares Seen Opening Lower With Tech Earnings In Focus
European stocks may open on a sluggish note Thursday as investors react to Facebook parent Meta Platforms' disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year in its AI products. Separately, computing giant IBM reported first quarter earnings ahead of expectations, but
Yen Declines As Intervention Risk Rises; BoJ Meeting In Focus
The Japanese yen weakened against other major currencies in the Asian session on Thursday, as market speculate the Japanese authorities is likely to intervene the foreign exchange market to prop up the yen ahead of the BOJ policy meeting. The Bank of Japan (BOJ) will start its two-day rate-setting m
Sweden Economic Confidence Strongest In 20 Months
Sweden's economic confidence improved in April to the highest level in more than one-and-a-half years, survey results published by the National Institute of Economic Research showed on Thursday. The economic tendency index climbed to 95.0 in April from 93.9 in the previous month. Further, this was t
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