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Industrial production fell 1.8% in March on month, the sharpest fall since May 2021, data from the country's statistics office INE showed Friday. In February, output increased by 0.9%. On an annual basis, industrial production rose by a marginal 0.1% in March, the data showed. The Spanish economy, the eurozone's fourth largest, expanded 0.3% in the first quarter...
FTSE 100 remains green but pegged back by Next disappointment, US markets open higher US stocks open higher but the positive US tech sentiment isn't global FTSE 100 up 11 points at 7,471 Sunak holds back £32bn 'war chest' claim P&O boss may accept bonuses despite mass and immoral sacking As expected, US stocks opened slightly higher, rebounding from some of the...
France: Growth Slows as Repercussions of Russia-Ukraine Conflict Darken Inflation and Fiscal Outlooks Rising spending in dealing with economic and geopolitical repercussions of Russia’s further incursion in the Ukraine additionally weigh on France’s already weakened fiscal outlook as recovery slows, exacerbating long-run credit challenges. Our baseline economic...
S&P 500 Takes Aggressive Fed Rate Hike Bets in Stride The S&P 500 jumped sharply as investors piled into big tech, shrugging off an ongoing rise in yields amid growing expectations for the Federal Reserve to turn more aggressive on rate hikes. The S&P 500 rose 1%, the Dow Jones Industrial Average gained 0.6%, or 200 points, the Nasdaq rose 1.8%. Federal Reserve...
RUSSELL 2000 FORECAST: The Russell 2000 tumbles as U.S. inflation rises at the fastest pace since 1982 Lack of progress in peace negotiations between Russia and Ukraine also weighs on sentiment, accelerating the sell-off on Wall Street The Russell 2000 near-term outlook remains bearish from a technical perspective The Russell 2000 fell Thursday in midday...
RUSSELL 2000 FORECAST: The Russell 2000 tumbles as U.S. inflation rises at the fastest pace since 1982 Lack of progress in peace negotiations between Russia and Ukraine also weighs on sentiment, accelerating the sell-off on Wall Street The Russell 2000 near-term outlook remains bearish from a technical perspective The Russell 2000 fell Thursday in midday...
Japan’s Nikkei jumps about 4% following oil drop; Nio sees gains fizzle in Hong Kong debut Shares in Asia-Pacific jumped on Thursday, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge. International benchmark Brent crude and U.S. crude futures tumbled more than 10% overnight on Wednesday. Oil prices however recovered...
Australia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 1.10%. The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet...