Amid the increasing protectionism and policy uncertainty, Developing East Asia is expected to log slower growth this year and next but, the pace is likely to be faster than the rest of the world on recovering global trade, the World Bank said in its East Asia and Pacific April 2024 Economic Update on Monday. The...
Vertex Pharmaceuticals Inc. (VRTX) announced Monday that inaxaplin (VX-147) has advanced into the Phase 3 portion of the global Phase 2/3 pivotal clinical trial in APOL1-mediated kidney disease (AMKD), where a 45 mg once daily oral dose will be compared to placebo, on top of standard of care. The clinical trial is designed to assess...
Unemployment from Germany and monetary aggregates from the euro area are the top economic news due on Thursday. At 3.00 am ET, the Office for National Statistics releases UK GDP and current account figures for the fourth quarter. The initial estimate showed that the economy contracted 0.3 percent sequentially at the end of the year....
European stocks are seen opening on a positive note Thursday after the S&P 500 set a closing record overnight. Asian markets were mostly higher, led by mainland China and Hong Kong. Japan\'s Nikkei index fell over 1 percent as several heavyweight stocks traded ex-dividend and investors closely monitored fluctuates in the yen. Japan\'s three main...
Australia\'s retail sales expanded in February as Taylor Swift concerts lifted spending on clothing, merchandise, accessories and dining out, the Australia Bureau of Statistics said Thursday. Retail sales increased 0.3 percent in February, following a 1.1 percent rise in January and a fall of 2.1 percent in December. Sales were forecast to climb 0.4 percent....
German stocks were little changed on Thursday after retail sales posted an unexpected decline in February, Data from Destatis revealed that Germany\'s retail sales decreased 1.9 percent from January, confounding expectations for an increase of 0.3 percent. On a yearly basis, retail sales decreased 2.7 percent in real terms, worse than economists\' forecast of 0.8...
French stocks crept higher in cautious trade on Thursday ahead of a long Easter holiday weekend. Major European markets will be shut for two days on Friday and Monday to celebrate Easter. The benchmark CAC 40 was up 21 points, or 0.3 percent, at 8,226 after gaining 0.3 percent the previous day. A decline in...
U.K. stocks traded higher on Thursday while the British pound edged lower against peers after data showed the U.K. economy contracted in the fourth quarter, as initially estimated. Gross domestic product fell by unrevised 0.3 percent after a 0.1 percent drop in the third quarter, according to final data from the Office for National Statistics....
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in February after plunging...
The University of Michigan released revised data on Thursday showing an unexpected improvement in U.S. consumer sentiment in the month of March. The report said the consumer sentiment index for March was upwardly revised to 79.4 from the preliminary reading of 76.5. Economists had expected the reading to be unrevised. With the unexpected upward revision,...