The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting, as expected. This decision leaves the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate at 2.15%, 2.4%, and 2%, respectively. The European Central Bank (ECB) is expected to maintain the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate at 2.15%, 2.4%, and 2%, respectively. The decision will be announced on Thursday at 13:15 GMT. The rate...
The Conference Board (CB) released its Consumer Confidence figures, a key indicator of the level of consumer confidence in economic activity. The actual reading came in at 111.7, just shy of the forecasted 111.8, marking a significant increase from the previous figure of 2.1. The Consumer Confidence index is a leading indicator, with the potential to predict consumer spending, a major player in overall economic activity. Higher readings indicate higher consumer optimism, making this recent figure a positive sign for the US economy. While the actual figure of 111.7 narrowly missed the...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 17, 2024. The figure was lower than the 220,000 estimate and lower than the previous weekly reading of 217,000, the Labor Department said Thursday. Source: @Newsmaker23
US retail sales advanced in October, boosted by autos that masked more mixed performance elsewhere heading into the holiday season. The value of retail purchases, unadjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in September, Commerce Department data showed Friday. Excluding autos, sales edged up 0.1%. Source : Bloomberg
US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve's preferred inflation gauge. The producer price index for final demand increased 0.2% from a month earlier after rising a revised 0.1% in September, Bureau of Labor Statistics data showed Thursday. Compared with a year ago, the PPI rose 2.4%. The wholesale inflation data follow the more closely watched consumer price index, which showed on Wednesday that underlying inflation remained stubborn for a third month. While...
The number of Americans filing claims for unemployment benefits fell to 217K in the week ended Nov. 10, 2024. That was below the 224,000 estimate and below the previous weekly estimate of 221K the Labor Department said Thursday. Source: @Newsmaker23
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
US President Donald Trump said Thursday that he had agreed with President Xi Jinping to cut tariffs on China in exchange for Beijing cracking down on illegal fentanyl trade, resuming purchases of...