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...
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...