China manufacturing activity edges past estimates in April- PMI
-- Chinese manufacturing activity grew slightly more than expected in April, as the sector continued to benefit from stimulus measures from Beijing, although the...
-- Chinese manufacturing activity grew slightly more than expected in April, as the sector continued to benefit from stimulus measures from Beijing, although the...
-- Japanese industrial production grew more than expected in March, preliminary data showed on Tuesday, indicating some relief in the country;s manufacturing sector...
Wall Street's main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. Tesla shares shot up nearly 14.5%, driving a 1.6% rise in the consumer discretionary sector, after the electric vehicle maker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China, its second-largest market.
U.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies while markets awaited the Federal Reserve's interest rate decision later in the week. Tesla shares jumped 7.3% premarket after the electric vehicle maker cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, the U.S. automaker's second-largest market. Apple added 1.7% after a report that the iPhone maker had renewed discussions with OpenAI about using the startup's generative artificial intelligence (AI) technology.
U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Microsoft shares rose after its third-quarter revenue and profit exceeded Wall Street estimates, driven by gains from artificial intelligence (AI) adoption across its cloud services.
U.S. stocks rose on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Microsoft shares rose 2.7% after its third-quarter revenue and profit exceeded Wall Street estimates, driven by gains from artificial intelligence (AI) adoption across its cloud services.
-- Consumer price index inflation in Tokyo grew substantially less than expected in April, sinking below the Bank of Japan’s annual target and somewhat complicating...
-- Chinese deflation has remained in play even as recent gross domestic product data showed some improvement in economic growth. This trend raised the question of...
-- Australian consumer price index inflation grew more than expected in the first quarter of 2024, remaining above the Reserve Bank of Australia’s target range and...
-- Japanese manufacturing activity came close to breaking back into expansionary territory in April, while growth in the services sector improved, preliminary data...