March 29, 2024

Ferrum College : Iron Blade Online

Complete Canadian News World

Japanese stocks rose to their highest levels since 1990 as the G7 meeting took place

Japanese stocks rose to their highest levels since 1990 as the G7 meeting took place

55 minutes ago

New Zealand’s trade deficit for the month of April narrows to NZD427 million

New Zealand’s trade surplus for April narrowed to NZ$427 million ($266.46 million), down from NZ$470 million a year earlier.

State Statistics Department He said exports rose 10% year-on-year to NZ$6.8 billion, while imports rose 12% to NZ$6.4 billion.

It said exports of milk, butter and cheese grew the most in April compared to last year, rising 26% year-on-year to NZ$2 billion.

Meanwhile, petroleum and petroleum products led imports, rising 312% to NZ$974 million.

– Lim Hwi Ji

one hour ago

Core inflation in Japan increased by 3.4% in April

Japan’s core inflation rate rose 3.4% year-on-year in April, in line with expectations of economists polled by Reuters.

The reading was higher than the previous month’s inflation rate of 3.1% and was above the central bank’s target of 2%.

The headline inflation rate also increased from 3.2% in March to 3.5% in April.

The Japanese yen rose 0.2% to 138.42 against the dollar after the US dollar index surged past 103.5 overnight, hitting its highest point in nearly two months.

2 hours ago

The United States and Taiwan reach their first agreement as part of a trade initiative

The United States and Taiwan have reached agreement on a number of trade terms, marking agreement on the first part of the bilateral “21st Century Trade” initiative.

The US trade representative said in a statement that the first agreement under the initiative includes: customs administration and trade facilitation, good regulatory practices, domestic regulation of services, anti-corruption, and small and medium-sized businesses.

See also  Roku had nearly $500 million in a Silicon Valley bank and didn't know if it was going to get the money back

“This achievement marks an important step forward in strengthening economic relations between the United States and Taiwan,” US Trade Representative Catherine Tay said of the agreement.

The agreement comes in the face of mounting pressure from China, warning of a deepening of bilateral relations between the United States and Taiwan.

– Jihe Lee

2 hours ago

CNBC Pro: Slowdown, Stagnation or Boom? Bank of America reveals global stocks to play every possibility

Bank of America has named a number of European stocks that are expected to perform well across three economic phases.

“Our style cycle model…is still in the ‘slowdown’ phase but is close to the intersection line for the next phase,” Bank of America quantitative strategist Polina Strelinska wrote in a May 17 note to clients.

“Historically, the ‘recession’ phase was the typical successor to the ‘slowdown’ phase, but the ‘boom’ phase has also followed the ‘slowdown’ in the past.”

The investment bank has scrutinized these stocks based on their ability to withstand volatility in every eventuality.

CNBC Pro subscribers can read more about their stock picks here.

– Ganesh Rao

2 hours ago

CNBC Pro: Fund Manager Outperforms These Cybersecurity Stocks, Pointing to More Room for Growth

11 hours ago

McCarthy says he’s optimistic negotiators can reach an agreement on the debt ceiling in time for a vote next week.

11 hours ago

Big tech and chip makers are helping lift the Nasdaq Composite

12 hours ago

Dallas Fed President: Economic data does not justify a pause in rate hikes just yet

Dallas Federal Reserve Chairman Lori Logan said Thursday that economic data points so far do not justify skipping a rate hike at the next central bank meeting in June.

“After raising the target range for the federal funds rate at each of the last 10 FOMC meetings, we’ve made some progress,” she said in prepared remarks for a speech to bankers in San Antonio. “Data in the coming weeks may show that it is appropriate to skip a meeting. Even today, though, we’re not quite there yet.”

Futures fell after her comments.

– Jeff Cox

13 hours ago

jobless claims drop unexpectedly; Industrialization improved in Philadelphia

Initial jobless claims unexpectedly fell last week, indicating that the job market is still experiencing some malaise.

Total first-time filings for the week ending May 13 were 242,000, down 22,000 from the previous week and below the Dow Jones estimate of 250,000, reported the Ministry of Labor. Continuing claims fell to 1.799 million, against FactSet’s estimate of 1.829 million.

In other economic news, the Manufacturing at Philadelphia Fed The region’s index rose to -10.4, an increase of 29 percentage points and better than the -20 estimate.

However, the index, which measures the percentage of companies reporting expansion versus those experiencing contraction, still shows the sector in decline relative to the region.

See also  Walgreens has replaced some refrigerator doors with screens. And some shoppers absolutely hate it

– Jeff Cox