European stocks closed higher on Thursday with investors continuing to react positively to inflation readings from the U.S. and U.K. Investors also digested U.S. GDP data and weekly jobless claims and industrial production data from the U.S. The pan European Stoxx 600 climbed 1.15%. The U.K.s FTSE 100 gained 0.8%, while Germanys DAX and Frances...
Gross domestic product data from the UK is the major economic report due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to publish UK GDP data for the second quarter and industrial output and foreign trade figures for June. The economy...
European stocks may open on a positive note Thursday as traders ramped up forecasts on how much the Federal Reserve will cut interest rates this year. Amid signs of moderating U.S. inflation, investors eye reports on U.S. weekly jobless claims, retail sales and industrial production later in the day for more insights about the health...
The UK economy expanded again in the second quarter but the pace of growth moderated slightly due to the contractions in industrial and construction output, data from the Office for National Statistics showed on Thursday. Real gross domestic product grew 0.6 percent in the three months to June, following the 0.7 percent expansion seen in...
Asian stocks followed Wall Street higher on Thursday, the dollar sagged, and Treasury yields dipped as more signs of cooling inflation in the U.S. fueled bets of a Federal Reserve rate cut in September. Also, a mixed set of economic activity data from China boosted hopes for more stimulus. Gold edged up in Asian trading...
Damai Sejahtera Abadi Tbk (UFOE) has reportedly opened its latest UFO Elektronika store in Malang, East Java. This is the 26th outlet established by UFOE. According to Poedji Harixon, President Director of UFOE, mentioned that this outlet expansion is in line with the company’s attempt to improve its performance in 2024. “We still see a...
German stocks eked out modest gains on Thursday, Treasury yields dipped, and the euro held steady above $1.10 as signs of slowing U.S. producer and consumer price inflation hinted at a potential Fed rate cut at the central banks September policy meeting. Investors shrugged off mixed economic activity data from China and eyed U.S. reports...
JAKARTA – PT Dian Swastatika Sentosa Tbk (DSSA) announces the issuance of Shelf-Registration Bond I of DSSA Phase III Year 2024 and Shelf-Registration Sukuk Mudharabah I of DSSA Phase III Year 2024, with total principal of IDR 2 trillion. Shelf-Registration Bond I of DSSA Phase III Year 2024 is offered with total principal of IDR...
The Australian dollar recovered from recent weakness against other major currencies in the late Asian session on Thursday, after data showed the Australias labor market strengthened in July amid strong job openings. Data from the Australian Bureau of Statistics showed that the total number of employed people increased by 58,238 in July, followed by prior...
Bakrie Telecom Tbk (BTEL), a telecommunication company under Bakrie Group, booked net profit of IDR 7.1 billion in the first half (H1) of 2024. It is in contrast with BTEL’s poor performance in the same period last year, in which the company saw a loss of IDR 12.98 billion. According to the recently released financial...