The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, after data showed that Australias monthly consumer price index rose more than expected in July. Data from the Australian Bureau of Statistics or ABS showed that the Australias monthly Consumer Price Index or CPI rose 3.5 percent in the year to...
The euro weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as markets in Australia, New Zealand, Japan, South Korea, Hong Kong, Singapore, Taiwan and China all declined. Traders remain cautious and await the release of key U.S. inflation report later in the week, which could impact expectations for how...
The Canadian market ended weak on Wednesday, extending losses from the previous session, as investors chose to take some profits ahead of a slew of crucial economic data, including reports on U.S. personal income and spending. Strong results from Royal Bank of Canada and National Bank of Canada triggered some buying in the financials sector...
Australia will on Thursday release Q2 figures for private new capital expenditure, highlighting a light day for Asia-Pacific economic activity. Capex is seen higher by 0.9 percent on quarter, easing from 1.0 percent in the three months prior. Japan will see August results for its household confidence index, with forecasts suggesting a score of 36.9...
European stocks are seen opening flat to slightly higher on Wednesday, tracking muted cues from global markets. All eyes remain on AI darling Nvidia, which will release its fiscal second quarter results after the close of U.S. trading later in the day. The highly anticipated earnings report will provide a key test for the AI...
Canadian shares may open on a volatile note Wednesday morning, with investors reacting to quarterly results from Royal Bank of Canada and the National Bank of Canada, and weak commodity prices. With the focus on more earnings, including from AI darling NVIDIA, and upcoming U.S. inflation readings, the mood is likely to remain somewhat cautious...
Specialty retailer Abercrombie & Fitch (ANF) reported Wednesday that net income attributable to the company for the second quarter soared to $133.17 million or $2.50 per share from $56.89 million or $1.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.50 per share, compared to $1.08 per share last...
CVS Health Corp. announced Wednesday the availability of updated 2024-2025 COVID-19 vaccines and flu vaccines at CVS Pharmacy and MinuteClinic locations across the United States. The U.S. Food and Drug Administration recently approved and granted emergency use authorization or EUA for updated Covid vaccines (2024-2025 formula) from Pfizer Inc. and ModernaTX Inc. for use against...
Auto major General Motors has signed a deal with South Korean battery maker Samsung SDI to establish a joint venture to build a $3.5 billion plant in Indiana to supply electric vehicle or EV batteries in the United States. The new battery cell manufacturing plant with an annual production capacity of 27GWh initially, is targeting...
Materials, technology and healthcare stocks are having a tough ride in the Canadian market on Wednesday, with investors largely making cautious moves while awaiting some key economic data, including readings on U.S. inflation. The benchmark S&P/TSX Composite Index was down 93.99 points or 0.4% 23,165.97 a little before noon. Royal Bank of Canada (RY.TO) is...