Palantir Shares Surge, Earnings Rush Continues

Stock indexes edged higher after the opening bell as fourth-quarter earnings season reached midway 


 
Canada Building Permits Drop 14% in December From November

Canadian building permit issuance slumped in the final month of 2023 to the lowest level in more than three years as worries remain over pent-up demand for housing in the country. 


 
U.K. Retail Sales Slow as Consumers Continue to Struggle

Retail sales growth in the U.K. slowed in January, rising 1.2%, with cost-of-living pressures entering their third year. 


 
German Factory Orders Soar on Aircraft Purchases

German manufacturing orders unexpectedly rose 8.9% in December, driven by bumper aircraft purchases, although excluding larger orders they still fell, reflecting a difficult economic environment. 


 
China Stocks Notch Best Day in Years on Beijing Action

Chinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a sovereign-wealth fund to boost holdings. 


 
BOJ to Mull Ending Stock-Buying Program When Inflation Goal in Sight, Gov. Says

Bank of Japan Gov. Kazuo Ueda said Tuesday that the bank would discuss the possibility of ending its stock-buying program when it becomes confident about achieving sustainable 2% inflation. 


 
RBA Shifts to Neutral Stance on Interest Rates

The Reserve Bank of Australia moved to a more neutral stance on interest rates but pointedly reminded markets not to rule out the prospect of a further interest rate increase if inflation remains sticky. 


 
Looming Rate Cuts Make Bonds Attractive, Even After Recent Rallies

The prospect of significant interest-rate cuts by both the Fed and the ECB promise solid returns for bond investors in 2024, according to Jupiter Asset Management. 


 
America Wanted a Homegrown Solar Industry. China Is Building a Lot of It.

China's biggest solar companies are expanding in the U.S., where they will reap generous government subsidies. 


 
Luxury Retailers Are Buying Out Their Landlords

The parent companies of Prada and Gucci are among those spending hundreds of millions of dollars for Fifth Avenue properties.


(END) Dow Jones Newswires

02-06-24 1115ET