US Consumer Spending, Inflation Rise Moderately in August

Consumer spending increases 0.2 in August PCE price index gains 0.1; rises 2.2 yearonyear Core PCE inflation index rises 0.1; up 2.7 yearonyear Goods trade deficit narrows 8.3 to 94.3 billion WASHINGTON, Sept 27 Reuters U.S. consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter, […]
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French Markets Remain Hostage to Political Rollercoaster

French bonds under pressure, risk premium highest since euro zone debt crisis Stocks also underperforming as political uncertainty premium remains French bank shares remain below levels before Macron called snap election LONDON, Sept 27 Reuters France finally has a new government, but it is unclear how long it will survive, so the political uncertainty hanging over […]
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Sterling Slides Versus Dollar, Steady against Euro

Sept 27 Reuters Sterling edged lower on Friday, but still hovered close to a twoandahalfyear peak against the dollar, as increasing risk appetite following China39;s stimulus plan and monetary policy divergence between the Bank of England and other major central banks provided some support. Sterling was 0.25 lower at 1.33815 but remained close to this […]
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TSX Flat after Domestic GDP and US Inflation Data

Sept 27 Reuters Canada39;s main stock index was flat on Friday as gains in consumer and energy shares were countered by losses in mining stocks, while investors assessed domestic GDP and the U.S. data to gauge monetary policy outlook in both countries. At 1141 a.m. ET 1541 GMT, the Toronto Stock Exchange39;s SPTSX composite index was […]
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Toronto Market Closes above 24,000 on China Stimulus Hopes

TSX ends up 0.5 at 24,033.83 Materials group rises 1.5 as gold climbs Technology advances 2 Energy falls 3.1; oil settles 2.9 lower Reuters Canada39;s commoditylinked main stock index closed above the 24,000 threshold for the first time on Thursday as China39;s assurance of more stimulus offset pressure on energy shares after oil prices tumbled. […]
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