Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza. The United States has played down the deadly Israeli assault on Rafah and said it would push for the ceasefire deal. On the earnings...
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders largely refrained from making significant moves after hawkish comments from a few US Fed officials again raised concerns about the outlook for interest rates. Asian markets closed mostly higher on Tuesday. Minneapolis Federal Reserve President Neel...
Indian shares opened on a tepid note Wednesday as investors reacted to hawkish Fed comments and watched closely the ongoing conflict in the Middle East. The benchmark S&P BSE Sensex was up 180 points, or 0.2 percent, at 73,330 in early trade, while the broader NSE Nifty index was down 41 points, or 0.2 percent,...
Industrial production from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s industrial production data for March. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February. In...
European stocks are seen opening broadly lower on Wednesday as investors assess the Federal Reserve\'s interest rate stance and keep a wary eye on the ongoing conflict in the Middle East. The U.S. dollar held firm as traders repriced their expectations for interest rate cuts. Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates...
While reporting financial results for the second quarter on Wednesday, Griffon Corp. (GFF) raised its revenue expectation for the full-year 2024 to $2.65 billion from the prior guidance of $2.6 billion. On average, five analysts polled by Thomson Reuters expect the company to report revenues of $2.63 billion for the year. Separately, the Board of...
Sweden\'s central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to...
While reporting financial results for the third quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the fourth quarter, below estimates. The company also trimmed its net sales guidance for the full-year 2024. For the fourth quarter, PFG expects net sales in a range of $15.0 billion to $15.4 billion. On...
Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.” The Digital Chamber called this as yet another instance of the regulator’s “unchecked regulatory overreach,” similar to previous ones. The SEC has previously issued Wells Notice to major...
Canadian shares are likely to turn in a mixed performance on Wednesday with investors reacting to quarterly earnings updates. Weak crude oil prices and subdued bullion market may weigh on energy and materials shares. In earnings news, Stella-Jones Inc (SJ.TO) reported a net income of $77 million or $1.36 per share for the first quarter...