* Core capital goods orders increase 1.8% in August. * Core capital goods shipments rise 1.5% * Durable goods orders gain 0.4%; shipments fall 0.3% By Lucia Mutikani.
Japanese real estate funds and developers focusing on the retail sector are leading a stock market rally as investors bet the cheaply valued sector will outperform as consumer spending recovers from the coronavirus pandemic. The gradual opening up of the Japanese economy from lockdowns has seen the stock market rise nearly 9% since August.
* Weekly jobless claims unexpectedly rise to 870,000. * U.S. new-home sales vault to near 14-year high. * Nikola (NKLA) slides after Wedbush downgrade. * Accenture (ACN) drops, BlackBerry rises on quarterly earnings. By Herbert Lash.
U.S. Treasury yields fell on Thursday as labor
market data signaled the economic recovery may be running out of
gas, but moved off lows after a stronger-than-expected report on
the housing sector.
* UK finance minister unveils new job protection plan. * Scheme paying furloughed workers ends next month. * Government will support those on shorter hours. * Tax cut to remain for hospitality sector, loan terms eased. By David Milliken and Andy Bruce.
U.S. Treasury yields fell on Thursday as labor
market data indicated the economic recovery may be stalling, but
moved off lows after a stronger-than-expected report on the
housing sector.
- Wall Street rallied in a rocky session on Thursday as beaten-down technology shares gained favor after data showing a surge in the sale of new homes revived faith in the economic recovery even as U.S. jobless claims rose unexpectedly.
Taiwan President Tsai Ing-wen promised on Thursday to help the island's key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increasingly caught up in China-U.S. trade tensions.
Taiwan President Tsai Ing-wen promised on Thursday to help the island's key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increasingly caught up in China-U.S. trade tensions.
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