The Japanese yen strengthened against other major currencies in the European session on Wednesday. The yen rose to a 5-day high of 162.21 against the euro and a 2-day high of 189.86 against the pound, from early lows of 162.89 and 190.63, respectively. Against the U.S. dollar and the Swiss franc, the yen advanced to...
While reporting financial results for the fourth quarter on Wednesday, specialty retailer Abercrombie & Fitch Co. (ANF) initiated net sales growth guidance for the first quarter and for the full-year 2024. Looking ahead, the company expects net sales growth in the low double-digits for the first quarter and 4 to 6 percent for the full-year...
ADP private payrolls data for February has been released at 8:15 am ET Wednesday. After the data, the greenback changed little against its major counterparts. The greenback was trading at 1.2722 against the pound, 1.0874 against the euro, 0.8842 against the franc and 149.54 against the yen around 8:20 am ET.
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of February. ADP said private sector employment rose by 140,000 jobs in February after climbing by an upwardly revised 111,000 jobs in January. Economists had expected private sector employment to...
Federal Reserve Chair Jerome Powell will tell members of Congress on Wednesday that it will likely be appropriate for the central bank to begin lowering interest rates at \"some point this year\" but reiterated officials need \"greater confidence\" inflation is moving sustainably toward 2 percent. In prepared remarks before the House Financial Services Committee, Powell...
Janssen-Cilag International NV, a Johnson & Johnson company (JNJ), announced Wednesday the submission of a Type II variation application to the European Medicines Agency (EMA). The submission is seeking approval for an indication extension of DARZALEX (daratumumab) subcutaneous (SC) formulation in combination with bortezomib, lenalidomide, and dexamethasone (D-VRd) for the treatment of adult patients with...
The Thai stock market has finished lower in seven straight sessions, slipping almost 45 points or 3.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,360-point plateau and it\'s likely to open in the red again on Wednesday. The global forecast for the Asian markets suggests further consolidation on...
The Japanese stock market is modestly lower on Wednesday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to a tad above the 40,000 mark, as traders engaged in booking some profits after the recent strength in the markets that took the...
Indian shares may open lower on Wednesday, with tech stocks likely to suffer heavy losses amid considerable uncertainty about the outlook for U.S. interest rates. Federal Reserve Chair Jerome Powell is due to testify before the House Financial Services Committee later today and the Senate Banking Committee on Thursday, with analysts expecting the Fed chief...
Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to cash in on recent strength in the markets. They also remain cautious ahead of the US Fed Chair Jerome Powell\'s congressional testimony this week, which would provide clues about the outlook for interest rates....