German stocks advanced on Monday after a survey showed business conditions in the German manufacturing sector steadied further in May. The HCOB final Purchasing Managers\' Index (PMI) for German manufacturing rose to 45.4 from 42.5 in April, confirming a preliminary flash estimate as output and new orders declined at a much slower pace than the...
French stocks traded higher on Monday as a survey showed France\'s manufacturing PMI improved to 46.40 in May from 45.30 in April. Investors also braced for a key interest-rate decision from the European Central Bank this week. The benchmark CAC 40 was up 38 points, or half a percent at 8,030 after closing up 0.2...
U.K. stocks eked out modest gains on Monday after a survey by S&P Global showed manufacturing in the U.K. increased to 51.2 in May, up from April\'s 49.1 and marking the highest reading since July 2022. The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,304 after rising half a percent on...
European stocks traded higher on Monday amid bets that the European Central Bank (ECB) will deliver its first interest-rate cut of the cycle on Thursday. Also helping underpin investor sentiment, Eurozone manufacturing PMI was finalized at 47.3 in May, up from April\'s 45.7 and reaching a 14-month high. Elsewhere, a survey by S&P Global showed...
Indian shares hit new record highs on Monday, with buying seen across the board after many exit polls predicted a clean sweep for the BJP-led NDA in the Lok Sabha Elections 2024. A summary of exit polls project the NDA could win between 355 and 380 seats in the 543-member lower house of parliament. Vote...
Honeywell International Inc. (HON) announced Monday the completion of its acquisition of Carrier Global Corp.\'s (CARR) Global Access Solutions business for $4.95 billion. The acquisition positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. Global Access Solutions enhances...
The U.S. dollar moved down against its major counterparts in the New York session on Monday, following the release of weaker-than-expected ISM manufacturing PMI data for May. The ISM Manufacturing PMI edged down to 48.7 in May from 49.2 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch...
The Canadian market is down firmly in negative territory Monday afternoon with energy stocks reeling under sustained selling pressure on weak oil prices. A few stocks from healthcare and industrials sectors are also sharply lower. The mood is quite cautious with investors looking ahead to the Bank of Canada\'s monetary policy announcement due on Wednesday....
After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day\'s session on a mixed note. The Nasdaq outperformed, settling at 16,828.67 with a gain of 93.65 points or 0.56 percent. The S&P 500 edged up...
Australia is scheduled to release a batch of data on Tuesday, headlining a light day for Asia-Pacific economic activity, On tap are April figures for retail sales and Q1 data for current account and company profits. Retail sales are expected to add 0.1 percent on month after slipping 04 percent in March. The current account...