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Fri, 19 Oct 2018 08:00:10 GMT
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Fri, 19 Oct 2018 08:00:09 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
European Economics Preview: UK Public Sector Finance Data Due
Fri, 19 Oct 2018 05:34:36 GMT
Public sector finances from the UK and current account from euro area are due on Friday, headlining a light day for the European economic news.
U.S. Leading Economic Index Climbs In Line With Estimates In September
Thu, 18 Oct 2018 14:26:11 GMT
A report released by the Conference Board on Thursday showed a continued increase by its index of leading economic indicators in the month of September The Conference Board said its leading economic index climbed by 0.5 percent in September.
Philly Fed Index Indicates Slightly Slower Growth In October
Thu, 18 Oct 2018 13:24:12 GMT
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed manufacturing activity in the Philadelphia area grew at a slightly slower rate in the month of October.
U.S. Weekly Jobless Claims Edge Down To 210,000
Thu, 18 Oct 2018 13:18:22 GMT
First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended October 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 210,000.
UK Retail Sales Decline On Food Sales
Thu, 18 Oct 2018 11:54:03 GMT
UK retail sales dropped more-than-expected in September reflecting the biggest decline in food store sales in almost two years, figures from the Office for National Statistics revealed Thursday. Retail sales including auto fuel fell 0.8 percent month-on-month in September, due mainly to a large decline of 1.5 percent in food stores, which was the largest food store sales fall since October 2015.
Dow falls more than 300 points as the market's October struggles persist
Thu, 18 Oct 2018 08:28:00 GMT
Stocks fell sharply on Thursday, adding to already steep losses for the month of October.
European Economics Preview: UK Retail Sales Data Due
Thu, 18 Oct 2018 05:35:12 GMT
Retail sales from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's wholesale prices for September. Prices had increased 0.3 percent on month in August.
Fed Continues To Favor "Gradual Approach" To Raising Rates
Wed, 17 Oct 2018 18:30:40 GMT
Amid recent concerns the Federal Reserve may raise interest rates more aggressively than currently anticipated, the minutes of the central bank's September monetary policy meeting showed members continue to favor a "gradual approach" to hiking rates.
Cryptocurrency Daily Roundup - Oct. 17
Wed, 17 Oct 2018 13:25:12 GMT
Bitcoin and its peers are trading lower Wednesday after a mixed performance a day earlier, and the relative calm in the market has made analysts wonder if the top cryptocurrency has hit a bottom and is now preparing for a rally.
U.S. Housing Starts Pull Back Sharply, Building Permits Unexpectedly Drop
Wed, 17 Oct 2018 13:16:58 GMT
After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Wednesday showing a bigger than expected pullback in U.S. housing starts in the month of September.
UK Inflation Eases More-Than-Expected On Food Prices
Wed, 17 Oct 2018 13:09:49 GMT
UK inflation slowed more-than-expected in September on falling food prices, giving space for the Bank of England to wait-and-watch for the outcome of Brexit negotiations. Consumer price inflation eased to 2.4 percent from 2.7 percent in August, figures from the Office for National Statistics showed Wednesday.
Dow falls in volatile session after Fed hints at more rate hikes ahead
Wed, 17 Oct 2018 08:32:00 GMT
The Dow Jones Industrial Average fell Wednesday in volatile trading after a summary of the Federal Reserve's most-recent meeting showed the central bank was leaning toward more rate hikes moving forward.
European Economics Preview: UK Inflation Data Due
Wed, 17 Oct 2018 05:10:33 GMT
Inflation data is due from the UK on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is set to release new passenger car registrations for September.
Cryptocurrency Daily Roundup - Oct. 16
Tue, 16 Oct 2018 14:54:18 GMT
Cryptocurrencies were a mixed bag Tuesday morning after a strong showing a day earlier apparently on fears that the controversial stablecoin Tether was likely to fail in maintaining its 1:1 peg to the dollar. Bitcoin was trading lower, while Ethereum was rising. Tether, which trades with the symbol USDT, recovered early Tuesday and was trading at $0.98 as of 10.46 am ET on CoinMarketCap.
U.S. Homebuilder Confidence Unexpectedly Inches Higher In October
Tue, 16 Oct 2018 14:17:55 GMT
A report released by the National Association of Home Builder on Tuesday unexpectedly showed a modest increase in U.S. homebuilder confidence in the month of October. The report said the NAHB/Wells Fargo Housing Market Index inched up to 68 in October from 67 in September.
U.S. Industrial Production Rises In Line With Estimates In September
Tue, 16 Oct 2018 13:55:01 GMT
Industrial production in the U.S. increased in line with economist estimates in the month of September, according to a report released by the Federal Reserve on Tuesday. The report said industrial production rose by 0.3 percent in September.
UK Jobless Rate At 43-Year Low; Earnings Growth Fastest In Almost A Decade
Tue, 16 Oct 2018 13:27:20 GMT
The UK unemployment rate remained at the lowest level in 43 years in the three months to August, helping the average earnings to increase further amid fears of no-deal Brexit, the Office for National Statistics said Tuesday. The ILO jobless rate came in at 4 percent, in line with expectations, and was the lowest since February 1975. The number of unemployed decreased 47,000 from the previous quar
Dow jumps more than 500 points, posts best day since March as earnings fuel rally
Tue, 16 Oct 2018 08:42:00 GMT
Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's sell-off.
China's Inflation At 7-Month High
Tue, 16 Oct 2018 07:35:25 GMT
China's inflation rose to a 7-month high in September on higher energy prices, data from the National Bureau of Statistics revealed Tuesday. Consumer prices advanced 2.5 percent year-on-year in September, in line with expectations but faster than the 2.3 percent rise in August. This was the highest increase since last February.
European Economics Preview: Germany ZEW Economic Sentiment Due
Tue, 16 Oct 2018 05:23:08 GMT
Economic confidence from Germany and unemployment from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for August. Economists forecast prices to climb 5.2 percent annually in August, following a 5 percent rise in July.
RBA Minutes: Upward Trend Continues For Australia Economic Growth
Tue, 16 Oct 2018 01:30:05 GMT
Members of the Reserve Bank of Australia's monetary policy meeting agreed that the country's gross domestic product continued to expand at a healthy rate, despite expectations for moderation, minutes from the bank's October 2 meeting revealed on Tuesday.
New Zealand Q3 Inflation Advances 0.9% In Q3
Mon, 15 Oct 2018 22:05:05 GMT
Consumer prices in New Zealand climbed 0.9 percent on quarter in the third quarter of 2018, Statistics New Zealand said on Tuesday.
Cryptocurrency Daily Roundup - Oct. 15
Mon, 15 Oct 2018 14:28:39 GMT
Cryptocurrencies, led by Bitcoin, opened the week with solid gains after some sharp losses last week when the market joined the global financial market sell-off. Some analysts attributed the latest surge in cryptocurrency prices to a possible flight of investors from the controversial stablecoin Tether due to the recent rumors regarding the feasibility of its 1:1 peg to the US dollar.
U.S. Business Inventories Climb In Line With Estimates In August
Mon, 15 Oct 2018 14:19:12 GMT
With increases in wholesale and retail inventories more than offsetting a modest drop in manufacturing inventories, the Commerce Department released a report on Monday showing U.S. business inventories rose in line with economist estimates in the month of August.
Tether Worries Propel Other Cryptocurrency Prices
Mon, 15 Oct 2018 14:15:35 GMT
Rumors regarding the fate of Tether continue to dominate the market and some analysts pointed out that Monday's surge in prices of other cryptocurrencies, including the top three - Bitcoin, Ethereum, and Ripple, could mean traders are exiting the controversial stablecoin and investing their money in others. Tether, which claims a 1:1 peg to the US dollar, fell to as low as $0.94 Monday morning.
New York Manufacturing Index Indicates Faster Growth In October
Mon, 15 Oct 2018 13:47:08 GMT
A report released by the Federal Reserve Bank of New York on Monday showed the pace of growth in New York manufacturing activity accelerated by more than anticipated in the month of October. The New York Fed said its general business conditions index rose to 21.1.
U.S. Retail Sales Growth Falls Well Short Of Estimates In September
Mon, 15 Oct 2018 13:35:21 GMT
Retail sales in the U.S. crept up by much less than expected in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said retail sales inched up by 0.1 percent in September, matching the uptick seen in August.
Crypto Weekly - Oct. 12
Fri, 12 Oct 2018 14:43:02 GMT
Cryptocurrencies, led by Bitcoin, opened the week firmly in the green, boosted by the improvement in the market sentiment witnessed since late last week. However, they lost momentum soon and trended lower. Here is a collection of the main news from the cryptocurrency and blockchain space this week.
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