The European Union should allow clearing houses in Britain to continue serving customers in the bloc to avoid a significant risk of market disruption, nine financial industry bodies said on Thursday.
* Retail sales unexpectedly rise in August. * Weekly jobless claims slightly above expectations. * Futures down: Dow 0.05%, S&P 0.1%, Nasdaq 0.29% By Ambar Warrick. Sept 16 - Wall Street indexes were set to open flat on Thursday, with economically sensitive sectors likely to gain as retail sales rose more than expected, indicating resilience in economic recovery.
U.S. retail sales unexpectedly increased in August, likely boosted by back-to-school shopping and child tax credit payments from the government, which could temper expectations for a sharp slowdown in economic growth in the third quarter. The surprise rebound in retail sales reported by the Commerce Department on Thursday defied slumping consumer confidence.
* Retail sales increase 0.7% in August. * Core retail sales surge 2.5%; July revised down. * Weekly jobless claims increase 20,000 to 332,000. By Lucia Mutikani. U.S. retail sales unexpectedly increased in August, likely boosted by back-to-school shopping and child tax credit payments from the government, which could temper expectations for a sharp slowdown in economic growth in the third quarter.
Canada added 39,400 jobs in August, driven by a pick-up in hiring in the trade, transportation and utilities sector, a report from payroll services provider ADP showed on Thursday. The July data was revised to show 21,600 were lost rather than a gain of 221,300.
- Business activity for service sector firms in the New York region continued to grow in September but at a slower pace, according to a survey released on Thursday by the New York Federal Reserve.
Canadian housing starts fell 3.9% in August compared with the previous month as both multiple urban starts and single urban starts declined, data from the Canadian Mortgage and Housing Corporation showed on Thursday. The seasonally adjusted annualized rate of housing starts fell to 260,239 units from a revised 270,744 in July, the national housing agency said.
If investors in China's biotech industry needed one more sign that the sector is coming of age, then a major licensing deal RemeGen Co Ltd (REGMF) struck last month with Seattle-based Seagen Inc (SGEN) fits the bill. The agreement to co-develop cancer treatments using a RemeGen (REGMF) antibody drug conjugate is regarded as one of the biggest of its kind between a Chinese biotech and a Western firm.
* Apple (AAPL) extends losses after lukewarm reception for new iPhone. * U.S.-listed Chinese stocks dip on fears of debt crisis. * S&P 500 rises from over 3-week low. * Indexes: Dow up 0.32%, S&P up 0.24%, Nasdaq down 0.08% By Ambar Warrick.
Canada's main stock index rose on Wednesday as a jump in oil prices lifted energy stocks to a two-month high, helping offset the impact from data showing the country's annual inflation rate surged to an 18-year high.
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