Connect to share and comment

Toronto, NY markets end mixed amid weak U.S. jobless claims, housing figures

The Canadian PressMay 16, 2013 10:01
TORONTO - The Toronto Stock Exchange closed higher Thursday despite a pullback on Wall Street amid a round of disappointing reports that suggested the U.S. economy is not recovering as much as some would like to believe. The S It was a different story on Wall Street, where the Dow Jones index retreated 42.47 points to 15,233.22 and the S

Asian stock markets mixed in holiday-thinned trading after US economic data disappoints

The Canadian PressMay 16, 2013 04:01
BANGKOK - Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region. The bright spot was applications for new construction, which reached a five-year peak, reinforcing "the patchy nature of the US economic recovery," Michael Hewson of CMC Markets said in a commentary.

Business Highlights

The Canadian PressMay 16, 2013 01:46
___ Google unveils $10-a-month 'All Access' music plan SAN FRANCISCO (AP) — Google on Wednesday launched a subscription-based music service, allowing users of Android phones and tablets to listen to their favourite songs and artists for a monthly fee. The streaming service, called All Access, is available in the U.S. for $9.99 per month after a 30-day free trial. It will be available in other countries later. For those who start the trial by June 30, the monthly fee is $7.99.

European stocks fall as eurozone officially in its longest recession

The Canadian PressMay 15, 2013 18:30
PARIS - Weak economic data across the eurozone pushed European stocks lower Wednesday, as news hit that the 17-country currency bloc is now in its longest-ever recession. Europe's economic motor, Germany, returned to growth but still disappointed. Its gross domestic product rose 0.1 per cent in the first quarter of the year. That's less than the 0.3 per cent rise analysts were expecting. Meanwhile, the French economy, the bloc's second-largest, fell back into recession.

US stocks hit fresh record highs

Agence France-PresseMay 15, 2013 17:16
US stocks closed at new all-time highs following a choppy day of trading Wednesday as investors shrugged off more economic gloom from the eurozone. The Dow Jones Industrial Average rose 60.44 (0.40 percent) to 15,275.69, setting a new record closing high for the second day in a row. The broad-based S&P 500 added 8.44 (0.51 percent) at 1,658.78, its fourth straight day of record closes, while the Nasdaq Composite Index increased 9.01 (0.26 percent) to 3,471.62. All three indices rose through the early afternoon, then retreated somewhat before staging a late rally.

Small euro coins may be dropped: EU

Agence France-PresseMay 14, 2013 22:26
Small change in the euro, one and two-cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday. Small and awkward they may be: but they have cost the eurozone about 1.4 billion euros since 2002, the Commission said. The Commission outlined four possible scenarios for the coins, based on a cost-benefit analysis of their use -- the status quo, making cheaper versions, and a speedy or a gradual withdrawal. It said public attitudes are mixed overall.

Small euro coins may be dropped: EU

Agence France-PresseMay 14, 2013 22:00
Small change in the euro, one and two-cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday. Small and awkward they may be: but they have cost the eurozone about 1.4 billion euros since 2002, the Commission said. The Commission outlined four possible scenarios for the coins, based on a cost-benefit analysis of their use -- the status quo, making cheaper versions, and a speedy or a gradual withdrawal. It said public attitudes are mixed overall.

Small euro coins may be dropped: EU

Agence France-PresseMay 14, 2013 22:00
Small change in the euro, one and two-cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday. Small and awkward they may be: but they have cost the eurozone about 1.4 billion euros since 2002, the Commission said. The Commission outlined four possible scenarios for the coins, based on a cost-benefit analysis of their use -- the status quo, making cheaper versions, and a speedy or a gradual withdrawal. It said public attitudes are mixed overall.

EU industrial output up sharply in March

Agence France-PresseMay 14, 2013 09:03
Industrial output in the 17-nation eurozone jumped a surprisingly strong 1.0 percent in March compared with February when it rose 0.3 percent, official data showed Tuesday. In the 27-member EU, industrial production was up 0.9 percent in March, again compared with 0.3 percent the previous month, the Eurostat data agency said. The biggest monthly gains were in bailed-out Portugal, up 5.3 percent and the Netherlands, up 4.5 percent, with Slovenia seeing the largest fall at 2.9 percent.

Asian stock markets mostly up on the heels of improving small business sentiment in the US

The Canadian PressMay 14, 2013 06:00
BANGKOK - Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National Federation of Independent Business reported a slight improvement in confidence among small business owners in the U.S. in April. That helped boost the Dow Jones industrial average to close at a record high Tuesday. "A combination of further improvement of economic performance and low inflation in the US should keep risk appetite buoyant," said analysts at Credit Agricole CIB in Hong Kong in an email commentary.
Syndicate content