The Canadian market is likely to open on a cautious note Tuesday morning with investors looking for directional clues. The data on Canadian manufacturing activity in the month of September, and U.S. job openings report could provide some cues. S&P Global will release a report on Canadian manufacturing activity in the month of September at...
CVS Health Corp. is conducting a strategic review of options including a possible breakup amid issues from its drugstore chain and Aetna health insurance arm, reports said citing person familiar with the matter. The company also plans to reduce its workforce by less than 1 percent, which would affect around 2,900 employees, as part of...
While reporting financial results for the first quarter of fiscal 2025 on Tuesday, payroll and HR services provider Paychex Inc. (PAYX) maintained its adjusted earnings growth and revenue growth guidance for the full year 2025. For fiscal 2025, the company continues to project adjusted earnings per share growth in the range of 9 to 10...
Revised quarterly national accounts and mortgage approvals from the UK and flash inflation from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP and business investment data. The initial estimate showed that the UK economy grew 0.6 percent...
Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Chinese stimulus boosted risk assets and commodities. Traders reacted positively to the additional stimulus measures from the Chinese government to spur growth in the worlds second largest economy. The Chinese government announced...
The Japanese yen strengthened against other major currencies in the early European session on Monday, after the Japans ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister. Ishiba is set to succeed current Prime Minister Fumio Kishida on Tuesday. After winning the partys vote on Friday, Ishiba said he...
The UK economy grew at a slower-than-estimated pace in the second quarter on weaker industrial and construction sectors, official data revealed Monday. Gross domestic product advanced 0.5 percent from the first quarter, revised down from the first estimate of 0.6 percent, figures from the Office for National Statistics showed. The economy had expanded by unrevised...
Asian stocks ended mixed on Monday, with mainland Chinese and Hong Kong markets closing sharply higher on stimulus euphoria while Japanese markets succumbed to selling pressure after Japans governing party chose Shigeru Ishiba, a critic of the countrys longstanding ultralow interest rates, as its leader. Chinas factory activity shrank for a fifth straight month in...
European stocks closed on a weak note on Monday, weighed down by concerns about escalating geopolitical tensions, and profit taking after recent gains. Automobile sector stocks were among the major losers. Decent strength in the commodities section helped limit markets downside. Israeli military intensified its military operations against Hezbollah in Lebanon on Sunday, targeting numerous...
Federal Reserve Chair Jerome Powell spoke before the annual meeting of the National Association for Business Economics on Monday, suggesting the central bank will continue to lower interest rates but stressing the downward path for rates is not on a preset course. Powell said the decision to slash rates by half a percentage point earlier...