New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …
The Stoxx 600 continues to trade at the 3-month high The Stoxx 600 index extended its rally in afternoon trading to hit its highest level since Aug. 19. The gains were led by mining stocks, up 1.8%, travel stocks, up 1.5%, and technology and retail stocks, both up 0.4%. Despite recent bleak economic data, weak …
European markets close higher as mining and retail sectors gain Read More »
Australia’s unemployment rate drops slightly to 3.4% Australia’s unemployment rate stood at 3.4% in October, slightly lower than 3.5% a month ago, according to the Australian Bureau of Statistics. The country recorded a total increase of 16,800 net jobs from the previous month, the statement said. The latest figures follow a 1% increase in wages …
Hong Kong stocks drop about 2% in Asian session, Japan reports $15 billion trade deficit Read More »
New York CNN Business — Stocks ended the day higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow Jones gained nearly 60 points, or …
Inflation is cooling and Wall Street is loving it | CNN Business Read More »
