Canada's main stock index rose on Thursday supported by financials and commodity-linked stocks, while Canadian manufacturing data for November rose from the previous month. At 09:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 104.98 points, or 0.51%, at 20,558.24, touching close to six-month highs.
Canadian manufacturing activity weakened for a fourth straight month in November as worries that the economy would slip into recession undercut demand, but the pace of contraction and a measure of inflation pressures eased, data showed on Thursday. The S&P Global Canada Manufacturing Purchasing Managers' Index rose to a seasonally adjusted 49.6 in November from 48.8 in October.
Canada's main stock index rose on Thursday to its highest closing level in nearly six months as technology and gold mining shares climbed and despite mixed earnings reports from major banks.
Russia's manufacturing sector expanded at its fastest pace in almost six years in November thanks to an increase in output and new orders, a business survey showed on Thursday, rebounding from a dip towards contraction last month.
U.S. Treasury Secretary Janet Yellen on Wednesday said recent turmoil in the cryptocurrency market has not spilled over to the banking sector, but she remained skeptical about the industry and believed it needed adequate regulation. Yellen told an event hosted by the New York Times DealBook that it was important to ensure that crypto assets had adequate customer protections.
U.S. Treasury Secretary Janet Yellen on Wednesday said recent turmoil in the cryptocurrency market has not spilled over to the banking sector, but she remained skeptical about the industry and believed it needed adequate regulation. Yellen told an event hosted by the New York Times DealBook that it was important to ensure that crypto assets had adequate customer protections.
Brazil's government debt as a share of gross domestic product fell in October, mainly affected by nominal growth in economic activity, central bank data showed on Wednesday. The country's gross debt dropped to 76.8% of GDP in October, from 77.1% in September.
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Brazil's government debt as a share of gross domestic product fell to 76.8% in October, from 77.1% in September, central bank data showed on Wednesday. The Brazilian public sector posted a primary surplus of 27.095 billion reais for the month, above the 26.1 billion reais surplus expected by economists polled by Reuters.
Asian shares rebounded on Wednesday as investors pinned hopes on China eventually reopening its economy despite growing COVID lockdowns that pushed its factory and services sector activity deeper into contraction. Europe and Wall Street were also set to open higher with FTSE futures and E-mini futures for the S&P 500 index up 0.35% and 0.15%, respectively, at 0518 GMT.
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