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Economic data


MANILA – The main stock index closed sideways on Monday as investors waited for new economic data from the United States as the peso weakened against the greenback. The Philippine Stock Exchange Index (PSEi) rose 0.09%, or 6.35%, to 7,219.81 points. All stocks fell 0.40%, or 17.88 points, to 4,430.93 points. Half of the sector …

Wall Street rebounded in the first half of October after a devastating September in which major stock indexes experienced the biggest drop in a decade. October is also known for its fluctuating business model. Despite this, since the start of the month, the three major stock indexes – the Dow, the S&P 500 and the …

The third quarter US earnings season could help investors put supply chain risks into perspective. Bloomberg: Stocks rose as better-than-estimate earnings and economic data eclipsed fears that inflationary pressures and supply chain grunts could weigh on growth. All the major groups in the S&P 500 made progress. Bank of America Corp. climbed after beating analysts’ …

Retail sales data for September will be released at 8:30 a.m. ET. Retail sales, which rose 0.7% in August, are expected to decline 0.1% in September. The Empire State Manufacturing Index for September is expected to be released at 8:30 a.m. ET. Analysts expect the index to fall to 25 in October from 34.3 in …

NEW YORK: US stocks surged Thursday as companies such as Morgan Stanley and UnitedHealth advanced after strong results, while labor market data and inflation eased concerns over rate hike prospects . The tech sector gave the S&P 500 its biggest boost, with shares of Microsoft Corp and Apple Inc rising. Shares of Citigroup, Bank of …

(Bloomberg) – The stock market has headed for its best day since March, as better-than-expected corporate earnings and economic data outweighed fears that inflationary pressures and supply chain grunts do not hinder growth. Bloomberg’s Most Read All the major groups in the S&P 500 made progress. The KBW Bank Index – which jumped nearly 40% …

Media Headlines October 13 In today’s media, Nancy Pelosi told reporters she “could do a better job selling” Build Back Better, Maxine Waters tweets about the hack and “The View” guest co-host explains why she owns a gun. Social media users did not like the new economic data that revealed U.S. inflation is at its …

Early in the day: It was a busier start to the day on the economic calendar this morning. The Kiwi dollar and Australian dollar were in action, with UK economic data also taking center stage. For the Kiwi Dollar In September, retail sales of electronic cards rose 0.90% month-on-month, after falling 19.7% in August. According …

US employment data came in weaker than expected on Friday. This has been good news for the markets lately. Weaker employment data means looser monetary policy. But this time, traditional commerce did not pay off. What changed ? US employment data was worse than expected – and markets didn’t like it Once a month, every …

U.S. equities posted modest gains over the past week as investors pored over updates on the debt ceiling deadlock in Washington, while digesting a slew of key economic readings. For the week ending Friday, the Dow Jones rose 1.2%, while the technology-rich S&P 500 and Nasdaq Composite climbed 0.8% and 0.1%, respectively. The S&P US …