Asian shares rose broadly on Thursday, though a cautious undertone prevailed ahead of the annual conference of central bankers at Jackson Hole, Wyoming, where Fed Chair Jerome Powell may provide important clues on the likely policy ahead for U.S. monetary policy. Investors are waiting for fresh clues about how deeply and quickly the U.S. central...
Shares of Swiss Re Ltd. were gaining more than 3 percent in the morning trading in Switzerland after the reinsurer reported Thursday higher profit in its first half with improved insurance revenues, supported by strong contributions from all business units. Swiss Res Group Chief Executive Officer Andreas Berger said, After a strong start in the...
German stocks were modestly higher on Thursday as a preliminary survey showed German business activity contracted in August for a second consecutive month and by more than expected, reinforcing investor bets on a September ECB rate cut. Dovish Fed expectations also underpinned sentiment following the release of minutes from the Federal Reserve meeting and a...
French stocks advanced on Thursday as a survey showed Frances private sector expanded in August for the first time since April, driven by the upturn in services activity. The composite output index rose to 52.7 in August from 49.1 in July, according to flash survey results from S&P Global. The score was forecast to remain...
U.K. stocks rose slightly on Thursday after Britains private sector companies reported their strongest growth in four months alongside cooling price pressures. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers Index (PMI) rose to 52.5 in August from 52.1 in July. Sentiment was also underpinned after minutes of the U.S. Federal Reserve meeting opened...
Germanys private sector activity shrank further in August as manufacturing output declined sharply and service sector growth softened for the third consecutive month, flash survey results from S&P Global showed on Thursday. The headline HCOB flash composite output index fell unexpectedly to 48.5 in August from 49.1 in July. The score was seen at 49.2....
Auto major General Motors Co. is laying off more than 1,000 salaried employees in its software and services division across the world, mostly in the U.S., with a view to streamlining its operations, reports said. In the proposed layoffs of software engineers, more than 600 will be at GMs tech campus in Michigan. The job...
The European Commission is disclosed its draft decision to impose countervailing duties of up to 36.3 percent on imports of battery electric vehicles (BEVs) from China. The Commission said the unfair subsidization is causing a threat of economic injury to BEV producers in the European Union. The draft decision comes as part of its ongoing...
Despite soft inflation data raising prospects of another rate cut by the Canadian Central Bank, the Bay Street is languishing in negative territory after a somewhat sluggish start Tuesday morning, weighed down by losses in energy section due to declining oil prices. The benchmark S&P/TSX Composite Index is down 98.79 points or 0.43% at 23,017.60...
European markets ended lower on Tuesday, weighed down mostly by losses in the energy sector. The mood remained a bit cautious amid uncertainty about the outlook for economic growth in the region, and possible interest rate moves by major central banks. Investors awaited the minutes from the Federal Reserves most recent monetary policy meeting, and...