European stocks declined on Friday as investors reacted to weak business activity data from the region. Eurozone business recovery slowed sharply in June as the manufacturing sector downturn gathered momentum and activity in the services sector deteriorated. The HCOB\'s preliminary composite Purchasing Managers\' Index, compiled by S&P Global, fell to 50.8 from May\'s 52.2. Elsewhere,...
The U.S. dollar was higher against its major counterparts in the New York session on Friday, as the nation\'s private sector activity accelerated in June, marking the highest level since April 2022. Flash PMI data from S&P Global showed that U.S. composite PMI reached a twenty six-month high in June, rising to 54.6 from 54.5....
The Canadian market is down in negative territory on Friday with stocks turning in a mixed performance as investors digest the latest batch of economic data from Canada and the U.S., and assessing the likely interest rate moves by the Federal Reserve. Materials, energy and healthcare stocks are weak. Consumer staples and technology stocks are...
European stocks closed lower on Friday with investors assessing monetary policy decisions of several central banks, and digesting a slew of European and U.S. economic data. Eurozone business recovery slowed sharply in June as the manufacturing sector downturn gathered momentum and activity in the services sector deteriorated. The HCOB\'s preliminary composite Purchasing Managers\' Index, compiled...
The Switzerland market ended notably lower on Friday with stocks reeling under pressure right through the day\'s session amid concerns about the outlook for global economic growth. The benchmark SMI ended down by 115.29 points or 0.95% at 12,012.87. The index touched a high of 12,110.54 and a low of 11,987.23 in the session. Holcim...
The Canadian market ended marginally down on Friday after moving in a very narrow range below the flat line, as investors remained reluctant to pick up stocks amid a lack of significant triggers. The benchmark S&P/TSX Composite Index ended down by 26.49 points or 0.12% at 21,554.86. The index moved between 21,499.57 and 21,586.39. The...
Indian shares closed higher on Tuesday as traders returned to their desks after a long holiday weekend. The upside was capped as investors awaited more U.S. economic data and Federal Reserve officials\' speeches this week for additional clues on the Fed\'s rate trajectory. The benchmark S&P/BSE Sensex rose 308.37 points, or 0.40 percent, to 77,301.14...
Medical device company Boston Scientific Corp. (BSX) announced Tuesday it has entered into a definitive agreement to acquire smaller peer Silk Road Medical, Inc. (SILK) for $27.50 per share, reflecting an enterprise value of approximately $1.16 billion. Boston Scientific has developed an innovative platform of products to prevent stroke in patients with carotid artery disease...
German economic confidence improved only marginally in June, survey data from the ZEW economic research institute showed Tuesday. The ZEW Indicator of Economic Sentiment rose slightly to 47.5 in June from 47.1 in the previous month. The reading remained below forecast of 50.0. Assessment of current situation deteriorated in June with the index falling to...
Canadian shares are likely to open on a muted note Tuesday morning, as investors await some crucial economic data from the U.S., and comments from several Fed officials for clues about the interest rate trajectory. Movements are likely to remain somewhat rangebound in lackluster trade. The Canadian market ended weak on Monday, losing for a...