By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity increased at the fastest pace in nearly two years in December as inventory accumulation by U.S. clients in anticipation of trade tariffs provided a measure of support for export sales. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in December from 52.0 …
Canadian factory PMI rises to 22-month high in December Read More »
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. Don’t be fooled by what might prove to be a positive start to the new year, with stock futures pointing to a strong opening on Wall Street on Thursday. For the last four years, the first trading day of the year …
Morning Bid: The first trading day of the year, be wary Read More »
(Reuters) – Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker’s market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most …
Nvidia’s market value gets $2 trillion boost in 2024 on AI rally Read More »
By David Shepardson, Karen Brettell and Ronda Churchill LAS VEGAS (Reuters) -A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said. Videos taken by witnesses inside and outside …
Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing driver Read More »
A look at the day ahead in European and global markets from Rae Wee An air of caution lingered over markets on Thursday as Donald Trump’s impending return to the White House – and his plans for hefty import tariffs, tax cuts and immigration restrictions – set the tone for the new year. With just …
Morning Bid: Markets usher in 2025 with Trump trepidation Read More »
BEIJING (Reuters) – China’s factory activity grew in December but at a slower-than-expected pace, as overall sales were dampened by falling export orders amid concerns over the trade outlook, a private-sector survey showed on Thursday. The data echoed an official survey on Tuesday showing manufacturing activity expanded modestly, reinforcing calls for more stimulus to spur …
Growth in China’s factory activity slows, Caixin PMI shows Read More »
SYDNEY (Reuters) – Australia’s home prices marked the first monthly decline in almost two years in December as high mortgage rates stretched affordability and more sellers emerged after a long run of gains. Figures from property consultant CoreLogic, released on Thursday, showed prices across the nation dipped 0.1% in December from the prior month, while …
Australian home prices finally cool as 2024 comes to an end Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the U.S. Federal Reserve’s first interest rate cuts in three-and-a-half years. The …
(Reuters) – U.S. bank Citigroup said on Tuesday it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs, which both left earlier this month. Financial …
Citigroup joins US lenders in exiting Net-Zero Banking Alliance Read More »
MEXICO CITY (Reuters) – Mexico’s peso weakened nearly 23% this year to close the final day of trading at 20.82 pesos per U.S. dollar on Tuesday, the currency’s deepest drop against the greenback since the 2008 global financial crisis. The peso’s volatile year kicked off with months of steady gains until the days following June’s …
Mexican peso posts biggest annual drop versus US dollar in 16 years Read More »
