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The state of the US economy has seized Americans attention as the election season has intensified. Although inflation has slowed sharply, to 3.5 per cent from 9.1 per cent in 2022, prices remain well above their pre-pandemic levels. ....
The Canadian market ended higher on Thursday, with fairly encouraging Canadian and U.S. GDP data aiding sentiment. Higher oil and gold prices helped as well.. ....
As arrivals of illegal immigrants into the US show no signs of decreasing, concerns are mounting over America s readiness to absorb them, particularly amid the Biden administration s lack of strategy to address the lingering crisis. ....
US GDP surpassed expectations, growing by 3.3% in Q4 of 2023, driven by a resilient job market and robust consumer spending, exceeding the 2% economist consensus. Both S&P and Nasdaq futures saw pre-market gains. The year-end marked a strong period for the US economy, with a full-year growth of 2.5%, according to the Commerce Department. Meanwhile, the European Central Bank (ECB) maintained interest rates for the third time, sustaining the historic rate of four percent despite inflation easing. ....
Gift Nifty was trading around 20,142 level, as compared to Nifty futures previous close of 20,143, indicating a flat start for the Indian benchmark indices. ....