Economic confidence from the euro area and flash inflation from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is scheduled to release Europes new car registrations data for July. In the meantime, retail sales and household consumption from Norway and...
European stocks may open on a mixed note Thursday, with technology stocks likely to suffer losses as Nvidias quarterly forecast failed to impress investors. The AI chip champion predicted sales and margins broadly in line with Wall Street estimates but disappointed some bullish investors who had hoped for something more dramatic. Asian markets fell in...
Australias capital expenditure declined unexpectedly in the second quarter, data published by the Australian Bureau of Statistics showed on Thursday. Private new capital expenditure decreased 2.2 percent from the previous quarter, confounding expectations for an increase of 0.9 percent. This follows a 1.9 percent rise in the first quarter. Business investment fell 3.6 percent in...
Europe car registrations growth eased notably in July largely due to the sharp fall in battery-electric car demand, data released by the European Automobile Manufacturers Association, or ACEA, showed on Thursday. Car sales grew only 0.2 percent on a yearly basis in July after a 4.3 percent gain in June. Data showed mixed results across...
UK car production declined in July due to model changeovers as well as temporary supply chain challenges, the Society of Motor Manufacturers & Traders, or SMMT, said on Thursday. Car output posted an annual decline of 14.4 percent in July. Factory lines rolled out 65,478 vehicles. Despite the fall, the share of electrified vehicle manufacturing...
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous weeks revised level of 233,000. Economists had expected jobless claims to come in...
The Commerce Department released a report on Thursday showing the U.S. economy unexpectedly grew by more than previously estimated in the second quarter. The report said the surge by gross domestic product in the second quarter was upwardly revised to 3.0 percent from the previously reported 2.8 percent. Economists had expected the pace of GDP...
Tembo E-LV B.V., a subsidiary of VivoPower International plc (VVPR) announced Thursday that it has executed a definitive Business Combination Agreement with Cactus Acquisition Corp. Limited, a Cayman Islands exempted special purpose acquisition company (CCTS, CCTSW, CCTSU). The agreement assigns a pro forma enterprise value to the combination of Tembo and CCTS, assuming no redemptions...
Germanys consumer price inflation reached the lowest since early 2021 on lower energy prices and favorable base effects, raising chances of a September interest rate cut by the European Central Bank. Consumer price inflation softened to 1.9 percent in August from 2.3 percent in July, flash data from Destatis showed on Thursday. Inflation was the...
The Commerce Department released a report on Thursday showing the U.S. economy unexpectedly grew by more than previously estimated in the second quarter. The report said the surge by gross domestic product in the second quarter was upwardly revised to 3.0 percent from the previously reported 2.8 percent. Economists had expected the pace of GDP...