German stocks were modestly higher in cautious trade on Tuesday ahead of the release of Eurozone final inflation data later in the day. Meanwhile, Germanys producer prices continued to decrease on weaker energy prices in July but the overall pace of fall in producer prices slowed further, data from Destatis revealed earlier today. The annual...
French stocks were seeing modest gains on Tuesday ahead of final inflation figures from the euro area due later in the day. The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,514 after climbing 0.7 percent in the previous session. The dollar hovered near a seven-month low amid bets the U.S. Federal...
U.K. stocks declined on Tuesday as falling crude oil prices amid signs of easing tensions in the Middle East weighed on the energy sector. The benchmark FTSE 100 dropped 40 points, or half a percent, to 8,317 after gaining 0.6 percent the previous day. BP Plc fell 1.8 percent and Shell lost 2.1 percent as...
European stocks were broadly higher on Tuesday, extending gains for a sixth consecutive session after the annual inflation rate in the Eurozone was confirmed at 2.6 percent in July, according to Eurostats second estimate. Overall gains remained limited as investors awaited minutes of the Federal Reserves July policy meeting and a speech from Chair Jerome...
Semiconductor major Texas Instruments Inc. Friday said it has signed a preliminary agreement with U.S. Department Of Commerce to receive up to $1.6 billion in direct funding through the CHIPS and Science Act for 300mm semiconductor manufacturing in Texas and Utah. The company also expects to receive an estimated $6 billion to $8 billion from...
The Canadian market may open slightly down on Friday as weak crude oil prices could weigh on energy stocks. However, firm bullion prices, and easing concerns about the outlook for U.S. economic growth are likely to limit markets downside. Data on Canadian housing starts for the month of July is due at 8:15 AM ET....
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329...
Perry, Georgia-based Perdue Foods LLC is recalling around 167,171 pounds of frozen, ready-to-eat or RTE chicken breast nugget and tender products citing potential contamination with foreign material, specifically metal, according to the U.S. Department of Agricultures Food Safety and Inspection Service or FSIS. The recall involves 22-oz. (1.38-lbs.) vacuum-sealed plastic packages containing PERDUE Simply Smart...
Asian stocks turned in a mixed performance on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory. The dollar began the week on a weak note after a couple of Fed officials said...
German stocks were little changed on Monday after logging in strong gains last week on easing concerns over the health of the U.S. economy. Traders braced for another data-heavy week, with the FOMC minutes and Fed Chair Jerome Powells speech at Jackson Hole likely to provide additional clues on the outlook for interest rates. Flash...