A report released by the Commerce Department on Monday unexpectedly showed a slight decrease in U.S. construction spending in the month of May. The Commerce Department said construction spending edged down by 0.1 percent to an annual rate of $2.140 trillion in May after rising by 0.3 percent to a revised rate of $2.142 billion...
Germany\'s consumer price inflation slowed faster than expected in June amid a steeper year-on-year decline in energy prices and the core figure eased to its lowest in about two-and-a-half years, while services inflation proved sticky for another month, suggesting it is not yet time for policymakers at the European Central Bank to drop their guard....
Indian shares were a tad higher on Monday as in-line U.S. PCE price data for May reinforced investor expectations for at least one interest rate cut later this year. The benchmark S&P/BSE Sensex was up 128 points, or 0.2 percent, at 79,160 in early trade while the broader NSE Nifty index was up 65 points,...
Flash inflation from Germany and final manufacturing Purchasing Managers\' survey data from the euro area are the top economic news due on Monday, headlining a busy day for the European economic news. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss retail sales for May. Sales are forecast to grow 2.5...
European stocks are seen opening on a positive note Monday as worries about French election eased. The euro edged up against the dollar amid signs that France\'s far-right would not garner enough seats for an overall majority in legislative elections, easing concerns about further strains on the country\'s public finances. President Emmanuel Macron has called...
China\'s manufacturing sector continued to expand in June as production growth accelerated the most in two years underpinned by rising new orders, survey data from S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers\' Index rose to 51.8 in June from 51.7 in the previous month. A score above 50.0 indicates expansion. This was...
Tonix Pharmaceuticals Holding Corp. (TNXP) announced Monday it has been awarded an Other Transaction Agreement (OTA) with a potential for up to $34 million over five years by the Defense Threat Reduction Agency (DTRA), an agency within the U.S. Department of Defense (DoD). The objective of the contract is to develop small molecule broad-spectrum antiviral...
Euro area manufacturing activity contracted in June amid faster contractions in output, new orders and employment, the latest HCOB Purchasing Managers\' survey data compiled by S&P Global showed on Monday. The manufacturing Purchasing Managers\' Index, or PMI, fell to 45.8 in June from May\'s 14-month high of 47.3. The flash score was 45.6. A reading...
WestJet Airline Ltd. (WJA.TO) confirmed on Monday that the Aircraft Mechanics Fraternal Association (AMFA) have withdrawn their strike action and the members will immediately return to work as scheduled to restore the network. The airline and AMFA resumed talks earlier today, for the first time since Thursday, June 27, despite a stalemate on the intent...
The Dollar Index recorded minor gains during the week ended June 28 in the backdrop of a softening in PCE-based inflation readings. Persisting weakness in the Japanese yen also boosted the 6-currency index. In the past week, the U.S. dollar weakened against the euro, but the Australian dollar as well as the Canadian dollar held...