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...
The Switzerland market ended marginally down on Tuesday despite trading higher till a couple of hours past noon. Investors digested the latest batch of economic data from the European region, and looked ahead to the release of Fed minutes, and Fed Chair Jerome Powells speech at Jackson Hole, due on Wednesday and Friday, respectively. The...
The U.S. dollar moved down against its major counterparts in the New York session on Tuesday, as investors await the Federal Reserves annual Jackson Hole Economic Symposium, where Chair Jerome Powell is scheduled to deliver a speech on Friday. Growing expectations of an interest rate cut by the Fed at its September meeting also weighed...
The U.S. dollar weakened against its major counterparts on Monday with investors awaiting the minutes from the Federal Reserves July meeting, and Fed Chair Jerome Powells speech at the annual Jackson Hole Economic Symposium. The dollars weakness is due to rising expectations of an interest rate cut by the U.S. central bank in September. According...
German stocks traded higher on Wednesday amid little corporate or economic news. Across the Atlantic, traders eye the Federal Reserves July meeting minutes and preliminary revisions to U.S. labor data for clues on the Feds rate trajectory. The dollar dipped against major currencies, tracking overnight declines in U.S. Treasury yields as investors brace for Fed...