industrial production for March dipped 4.2%The reading marks the sixth consecutive contraction since October, and comes after November's figure of an 8.9% drop.
"We expect the higher interest rate to gradually press households' spending capacity, and to see slower consumption growth in 2H23," BofA economists Benson Wu and Tim Him Ho wrote. the Bank of Korea said consumer sentiment regarding current living standards was four points higher than in March, at 87, and that concerning the future outlook was three points higher than in the previous month, at 90.Australia's inflation shows signs of easing in first quarterto 7% year-on-year, down from a 23-year high of 7.8% in the quarter ended December 2022.
The trimmed mean CPI - which excludes the most volatile 30% of items in the cost calculation - came in at 6.6%, compared to 6.9% in the previous quarter.Tech earnings may be comforting but beware the near-term headwinds, says BMO's Ma
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq closes lower Monday as investors prepare for Big Tech earnings: Live updatesThe Nasdaq slipped on Monday as investors awaited the release of a slew of corporate earnings reports from big technology companies and fresh economic data. The Dow rose 0.20%. The S&P 500 gained 0.09%. The Nasdaq fell 0.29%.
Source: CNBC - 🏆 12. / 72 Read more »
Nasdaq climbs on strong Microsoft earnings, Boeing jumpsThe tech-heavy Nasdaq advanced on Wednesday as strong Microsoft results offset concerns over rising interest rates.
Source: Reuters - 🏆 2. / 97 Read more »
Microsoft surge sees Nasdaq futures lead market reboundA sharp rally in Microsoft stock, alongside less ebullient gains for Alphabet's shares, looked set to spark a rebound for Wall Street on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »
STOCK MARKET UPDATES: UK blocks Microsoft Activision deal, First Republic shares sink, Nasdaq leadsMicrosoft-Activision $69 billion deal is blocked by the UK, the Nasdaq rallies helped by tech earnings ahead of eBay, Amazon and Meta. First Republic fights for survival and the debt ceiling fight intensifies on Capitol Hill. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »
U.S. stocks open higher as Microsoft gains boost NasdaqU.S. stocks opened higher on Wednesday as a rally in Microsoft Corp. shares helped to boost the Nasdaq Composite. However, further declines in shares of...
Source: MarketWatch - 🏆 3. / 97 Read more »