Economic data Financial News

In recent days, the Federal Reserve's messages have been anything but consistent, leaving investors in a quandary when it comes to predicting the US dollar-related currency pairs' movements. Earlier this week, a series of dovish statements from Fed members led to a dip in the probability of interest rate hikes, giving some support to the US dollar, which has been in a correction phase.

Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown. The recent move in Treasury yields to 16-year highs has loomed over the stock market, which has pulled back after the Federal Reserve last week signaled a hawkish long-term outlook for interest rates. The benchmark 10-year Treasury yield pausing at around 4.6% was bringing «relief,» said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Co. «Markets in general the last few days have been really, really choppy,» Stucky said. «A little bit of a counter trend rally is to be expected after three or four pretty sharply negative days.» The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34, the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70 and the Nasdaq Composite gained 108.43 points, or 0.83%, to 13,201.28. Among S&P 500 sectors, the communication services group gained 1.2%, while materials rose 1%.

By Lucia Mutikani

The Dow Jones Industrial Average rose 6.66 points, or 0.02%, at the open to 34,077.08.

China has reported its factories picked up their pace and retail sales also gained momentum in August, suggesting the economy may be gradually recovering from its post-pandemic malaise

China has reported its factories picked up their pace and retail sales also gained momentum in August, suggesting the economy may be gradually recovering from its post-pandemic malaise

By Sudarshan Varadhan

data eased worries about a recession without raising fears of a Federal Reserve rate hike next week, while Arm Holdings soared in its stock market debut. SoftBank's Arm was valued at nearly $60 billion in a strong Nasdaq debut, with the chip designer's shares soaring nearly 25% in their first day of trading. Retail sales rose more than expected in August on higher gasoline prices, while initial claims for state unemployment benefits climbed to a seasonally adjusted 220,000 for the week ended Sept. 9 from 217,000 the week before. Monthly producer prices for final demand rose 0.7% last month, against expectations of a 0.4% increase.

BEIJING — China's National Bureau of Statistics was set Friday to release economic data for August, a day after a surprise rate cut to aid its faltering economy.

By Ankika Biswas and Shristi Achar A

real estate and professional services. While there can be mixed opinions on the projected trajectory of economic growth in the years ahead, the real issue is the reliability of official estimates. Questions have been raised on the reliability of national accounts data even earlier.

Gold prices faced downward pressure throughout the week due to encouraging US economic data, with the upcoming focus on the Consumer Price Index (CPI) developments in the coming week. This resulted in gold experiencing its first weekly decline in three weeks.

By Shristi Achar A and Amruta Khandekar

Investing.com — The Dow closed lower Thursday, snapping a four-day wining streak as investors weighed up mixed economic showing steady inflation, but still-strong consumer spending ahead of the crucial monthly jobs report due Friday.

By Shristi Achar A and Amruta Khandekar

European shares opened higher on Wednesday, as positive results from insurer Prudential lifted the sector, while investors awaited more key data to gauge the economic health of the region. By 0703 GMT, the pan-European STOXX 600 edged 0.1% higher after rising nearly 1% each in the previous two sessions. European insurers added 0.7%, with Prudential climbing 2.7% after the Asia-focused insurer posted a higher first-half operating profit. Shares of Direct Line Insurance Group rose 1% after the British motor and home insurer named Adam Winslow, a senior executive at Aviva, as its new CEO. Heavyweight energy stocks gained 0.4%, tracking higher crude prices, while basic resources added nearly 1% in early trade. Germany's DAX added 0.2% ahead of August inflation data due later in the day. Also on the radar would be Spain's inflation data and a euro zone consumer confidence print. Among other individual stocks, Orsted slumped 11.8% after the world's No.

Investing.com — The S&P 500 rose Tuesday, as data pointing to a softer economy pushed Treasury yields lower as investors boosted bets that the Federal Reserve will likely skip rate hikes in September.

Investing.com — The Dow closed higher Tuesday, as Treasury yields slipped after weaker economic data stoked optimism that the Federal Reserve will likely skip rate hikes in September.

The Dow Jones Industrial Average fell 28.86 points, or 0.08%, at the open to 34,531.12. The S&P 500 opened lower by 0.56 points, or 0.01%, at 4,432.75, while the Nasdaq Composite dropped 17.90 points, or 0.13%, to 13,687.23 at the opening bell.More to come....

(Reuters) — U.S. stock index futures were subdued on Tuesday in a data-packed week, with job openings figures due later in the day that will provide further clues on the state of the economy.

Bitcoin, the pioneering cryptocurrency, currently trades at $26,111, marking a modest increase of nearly 0.25% as of Tuesday.