US Durable Goods Orders surge 9.9, NZDCAD drops 0.53

Previous Trading Days Events 26.08.2024 US Durable Goods Orders A 9.9 surge in July 2024 flipped the prior months 6.9 dip, the strongest bounce since May 2020, outpacing the 5 forecast. Transportation goods powered the rebound 4.8, 102.2B, but orders excluding them edged down 0.2, 187.4B. Metal products ticked up 0.2, 36.3B alongside defence aircraft […]
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US Business Equipment Spending Shows Loss of Momentum

Core capital goods orders fall 0.1 in July Core capital goods shipments decrease 0.4 Durable goods orders increase 9.9 WASHINGTON, Aug 26 Reuters New orders for key U.S.manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that extended […]
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TSX Notches Record High as Commodity Shares Surge

TSX hits recordhigh Energy sector leads the sectoral gains Givex to be acquired by Shift4 Payments, shares jump Aug 26 Reuters Canada39;s main stock index hit another record high on Monday in a broadbased rally led by energy and mining stocks, while September rate cut optimism in the United States also boosted investor sentiment. At […]
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Chinas PDD Shares Slide on Weak Consumer Spending Dents Revenue

PDD says stiff competition will weigh on revenue growth Will invest to build trust in platform Plans to support higher quality merchants Aug 26 Reuters China39;s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic ecommerce platform Pinduoduo, sending the company39;s shares down more than 25 […]
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