Germany\'s trade surplus increased at the start of the year as exports rebounded more than expected, providing a glimpse of hope to an otherwise weak economy. Exports posted a monthly growth of 6.3 percent in January after falling 4.5 percent in the previous month, data released by Destatis showed on Wednesday. This was also far...
European stocks drifted lower on Tuesday amid disappointment from the lack of fresh supportive measures in top consumer China and signs the U.S. Federal Reserve is in no hurry to cut interest rates. In economic releases, a survey showed Business activity in the eurozone\'s key services sector picked up to a seven-month high in February....
The Bank for International Settlements said the global central banks are close to victory in the fight against inflation. BIS Head of Monetary and Economic Department Claudio Borio said the decisive action taken by central banks prevented inflation from becoming entrenched. BIS, which is the bank for central banks, expressed cautious optimism over inflation outlook....
Indian shares ended slightly lower on Tuesday after hitting new record highs for three consecutive sessions. A cautious undertone prevailed as investor focus shifted to the upcoming ECB rate decision and Federal Reserve Chair Jerome Powell\'s congressional testimony. Also, there was some disappointment from the lack of fresh supportive measures in top consumer China. The...
Novo Nordisk A/S (NVO) announced Tuesday the headline results from the kidney outcomes trial FLOW. The announcement follows the decision to stop the trial early due to efficacy. The double-blind trial compared injectable semaglutide 1.0 mg with placebo as an adjunct to standard of care for prevention of progression of kidney impairment and risk of...
German pharmaceutical and biotechnology major Bayer AG reported Tuesday a surge in its fourth-quarter net profit benefited by weak expenses. Meanwhile, sales were hurt by lower Pharmaceuticals sales, despite growth in Crop Science and consumer Health segments. Further, the company trimmed its dividend, and said it sees lower adjusted earnings and nearly flat sales in...
While reporting financial results for the fourth quarter on Tuesday, discount retailer Target Corp. (TGT) maintained provided earnings, adjusted earnings and comparable sales guidance for the first quarter and the full-year 2024. For the first quarter, the company expects earnings and adjusted earnings in the range of $1.70 to $2.10 per share on a comparable...
The U.S. dollar depreciated against its major counterparts in the New York session on Tuesday, as weaker-than-expected ISM services PMI for February increased chances of a rate cut in June. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth,...
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious. Investors also digested the latest batch of economic data from Europe and U.S., in addition to reacting...
The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe. The benchmark SMI, which moved between 11,447.89 and 11,504.02, ended with a loss of 14.06 points or 0.12% at 11,463.74. Kuehne & Nagel ended nearly 2%...