Indian shares opened on a tepid note Wednesday as investors reacted to hawkish Fed comments and watched closely the ongoing conflict in the Middle East. The benchmark S&P BSE Sensex was up 180 points, or 0.2 percent, at 73,330 in early trade, while the broader NSE Nifty index was down 41 points, or 0.2 percent,...
Industrial production from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s industrial production data for March. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February. In...
European stocks are seen opening broadly lower on Wednesday as investors assess the Federal Reserve\'s interest rate stance and keep a wary eye on the ongoing conflict in the Middle East. The U.S. dollar held firm as traders repriced their expectations for interest rate cuts. Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates...
While reporting financial results for the second quarter on Wednesday, Griffon Corp. (GFF) raised its revenue expectation for the full-year 2024 to $2.65 billion from the prior guidance of $2.6 billion. On average, five analysts polled by Thomson Reuters expect the company to report revenues of $2.63 billion for the year. Separately, the Board of...
Sweden\'s central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to...
While reporting financial results for the third quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the fourth quarter, below estimates. The company also trimmed its net sales guidance for the full-year 2024. For the fourth quarter, PFG expects net sales in a range of $15.0 billion to $15.4 billion. On...
Canadian shares are likely to turn in a mixed performance on Wednesday with investors reacting to quarterly earnings updates. Weak crude oil prices and subdued bullion market may weigh on energy and materials shares. In earnings news, Stella-Jones Inc (SJ.TO) reported a net income of $77 million or $1.36 per share for the first quarter...
While reporting financial results for the first quarter on Wednesday, The Brink\'s Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brink\'s in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225...
Biotechnology company Anixa Biosciences, Inc. (ANIX) announced Wednesday that it has entered into a joint development agreement with Cleveland Clinic to develop novel vaccines for various cancer types. Anixa currently collaborates with Cleveland Clinic on breast cancer and ovarian cancer vaccines Cleveland Clinic is currently conducting a Phase 1 clinical trial targeting triple negative breast...
French stocks were slightly higher on Tuesday after data from the customs offices showed France\'s trade deficit decreased in March. The trade deficit dropped to EUR 5.47 billion in March from EUR 5.61 billion in February as exports rose faster than imports. In the same period last year, the deficit totaled EUR 8.1 billion. Exports...