An hour ago
Stock futures are falling lower
7 hours ago
Philippine inflation hits near two-year low in December
Philippine inflation cooled faster in December than the previous month, according to official data.
Consumer prices rose 3.9% in December, less than the 4.1% increase in the previous month. It was also the slowest price increase since February 2022 and the third straight CPI easing.
However, inflation is still above the Bangko Sentral ng Pilipinas' target range of 2% to 4%.
“The downward trend in headline inflation in December 2023 was mainly caused by lower annual growth in the housing, water, electricity, gas and other fuels index, which stood at 1.5 percent in December 2023, compared to 2.5 percent in the previous month “says the official press release.
—Shreyashi Sanyal
9 hours ago
Japan's December composite PMI signals that the decline in private sector activity is over
A survey showed Friday that the decline in Japanese private sector activity is over.
The au Jibun Bank Japan composite PMI for December was 50, up from 49.6 the previous month, signaling stabilization in Japanese private sector output.
A PMI reading above 50 indicates expansion, while numbers below indicate contraction.
In December, the services sector recorded stronger growth, but manufacturing activity continued to slow.
The au Jibun Bank Japan services PMI was 51.5 in December, up from 50.8 in November. The increase was the second weakest in 2023.
“A faster increase in new business was a key factor in driving business growth as companies reported higher customer numbers,” the survey said.
Japan's Nikkei 225 index rose 0.3% on Friday.
—Shreyashi Sanyal
11 hours ago
Peloton continues its surge after TikTok partnership announcement
Shares of Peloton rose 6% in after-hours trading as investors continued to cheer the fitness company's new partnership with TikTok.
The collaboration includes a new fitness hub in the social media app with content created by Peloton instructors.
The move builds on a nearly 14% gain during Thursday's regular trading session.
See grafic…
Peloton shares rose sharply on Thursday and continued to climb after the end of regular trading.
11 hours ago
Stock futures open slightly higher on Thursday evening
US stock futures rose on Thursday evening.
Futures on the S&P 500 gained 0.1%, as did futures on the Nasdaq 100. Futures on the Dow Jones Industrial Average gained 53 points, or about 0.1%.
The three major averages are all on track for weekly losses.
– Darla Mercado
12 hours ago
The major averages are on the verge of ending their winning streak
Here are the key averages for the week with one session remaining:
- The Dow Jones is down -0.66% WTD and is on track to break its 9-week winning streak
- The S&P 500 is down -1.70% WTD and is on track to break a 9-week winning streak
- The S&P 500 has fallen four times in a row for the first time since its 5-day streak that ended on October 23, 2023
- The Nasdaq is down -3.34% WTD and is on track to break a 9-week winning streak, with its worst weekly performance since the period ending September 2023.
- The Nasdaq suffered its fifth consecutive negative session for the first time since its six-day streak that ended on October 12, 2022.
—Jesse Pound, Christopher Hayes