Asian stocks advanced on Friday as encouraging U.S. data on inflation and retail sales allayed recession fears in the worlds largest economy but prompted traders to push back expectations for aggressive rate cuts by the Federal Reserve. The dollar and U.S. Treasury yields held broadly steady in Asian trade on growing optimism that the U.S....
German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next months upcoming policy meeting. The benchmark DAX was up half a percent at 18,275 after rallying 1.7 percent the...
The Canadian dollar weakened against its major counterparts in the New York session on Friday, as oil edged lower on China demand concerns. Oil prices came under pressure due to concerns about a slowdown in Chinese growth and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East. Data...
European stocks closed on a firm note on Friday, with many of the markets recovering after having dropped to multi-month lows in recent sessions. Fairly encouraging economic data from the U.S., and some good earnings updates from European companies helped underpin sentiment in the markets. The pan European Stoxx 600 climbed 0.83%. The U.K.\'s FTSE...
The Switzerland market started off on a weak note Friday morning, but recovered swiftly and then kept moving higher and higher as the day progressed to eventually close on a strong note. Rising hopes of an interest rate cut by the Federal Reserve in September, and some fairly encouraging earnings updates aided sentiment. The benchmark...
The U.S. dollar edged lower on Friday amid rising prospects of an interest rate cut by the Federal Reserve in September after the latest readings on the nation\'s inflation. In economic news, a report from the Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1% in June after coming in...
The Thai stock market has moved lower in four straight sessions, sinking more than 35 points or 2.8 percent in that span. The Stock Exchange of Thailand now rests just above the 1,290-point plateau and it\'s looking at another rough session on Friday. The global forecast for the Asian markets is mixed ahead of more...
Indian shares look set to open on a positive note Friday as strong U.S. GDP data and signs of cooling inflation raised confidence the world\'s largest economy could achieve a soft landing. The upside, however, may remain capped ahead of the June PCE price index data from the U.S. due later in the day that...
While reporting financial results for the second quarter on Friday, Sensient Technologies Corp. (SXT) raised its adjusted earnings and revenue growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in the range of $2.77 to $2.87 per share and adjusted earnings growth in the mid-single-digits on revenue growth in the...
Virtus Investment Partners, Inc. (VRTS) reported Friday that net income attributable to Virtus for the second quarter declined to $17.6 million or $2.43 per share from $30.3 million or $4.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $6.53 per share, compared to $5.43 per share in the year-ago...