Canadian April CPI is expected to grow

Source: WBP Online
Canada's CPI for the past month is expected to show an increase from 1.3% to 1.7% on an annualized basis in April, whereas the core CPI is predicted to slow down to 2%. The faster inflation rate will provide support to the Canadian Dollar, which touched its six-week low against its US counterpart on Thursday. Official inflation figures will be released by Statistics Canada at 12:30 GMT on Friday.



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Fri, 20 May 2016 11:35:08 GMT

Utilities lift European stocks on Friday

Europe's major stocks posted significant gains by 8:00 GMT, helped by steel makers, oil companies and miners. Thus, Germany's DAX 30 Index grew 1.09%, trading at 9,902.18, whereas Britain's FTSE 100 Index jumped 1.51% to 6,145.32 points. Meanwhile, France's CAC 40 Index increased 1.52% to 4,347.77, and the pan-European Euro Stoxx 50 Index rose 1.32% to 2,961.55 points. 

Fri, 20 May 2016 13:09:04 GMT

Wall Street awaits housing data with optimism

Stocks on Wall Street are on track to a positive start on Friday, as futures grew before the market opening, with further volatility expected upon the US housing data announcement. S&P 500 futures added 0.3% to trade at 2'044.00 points, indicating a potential curb in losses from the session before. Housing prices are expected to rise by 1.3%, slowing down

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