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European Stocks Close Higher On Encouraging Eurozone Inflation Data
European stocks closed higher on Friday, buoyed by data showing a sharp deceleration in eurozone inflation in May, and on optimism about further stimulus from China to spur growth in the world's second largest economy.
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Před 696 dny
U.S. Consumer Sentiment Improves Much More Than Expected In June
A report released by the University of Michigan on Friday showed U.S. consumer sentiment has improved by much more than expected in the month of June. The University of Michigan said is consumer sentiment index climbed to 63.9 in June from 59.2 in May. Economists had expected in the index to inch up to 60.0.
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Před 696 dny
Pound Appreciates Amid Risk Appetite
The pound climbed against its major rivals in the European session on Friday, as a slew of economic data released overnight prompted traders to reassess rate outlook.
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Před 696 dny
Steel Dynamics Guides Q2 Earnings Well Above Estimates
Steel producer Steel Dynamics Inc. (STLD) on Friday provided its earnings guidance for the second quarter, well above analysts' estimates.
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Před 696 dny
Eurozone Inflation Eases As Estimated
Eurozone inflation slowed to a 15-month low in May due to the fall in energy prices, final data from Eurostat confirmed on Friday. The harmonized index of consumer prices increased 6.1 percent year-on-year in May, weaker than the 7.0 percent rise in April. This was the lowest rate since February 2022, when inflation was 5.9 percent.
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Před 696 dny
Sensex, Nifty Climb On Firm Global Cues
Indian shares rose notably on Friday and the rupee rose above the crucial 82 per dollar mark, as the dollar weakened in international markets following hawkish comments from ECB President Christine Lagarde in the previous session.
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Před 696 dny
Foxconn Plans To Make Electric Vehicles
Foxconn, Apple's key iPhone assembler with major operations in China, is planning to venture into making of electric vehicles, BBC reported following an interview with chairman and boss Young Liu. The Taiwanese firm, which is moving some supply chains out of China amid increased tensions between US and China, considers electric vehicles as the next growth targets.
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Před 696 dny
more news
European Shares Climb After Inflation Data
European stocks were moving higher on Friday after final data from Eurostat showed the region's consumer inflation sharply decelerated in May.
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Před 696 dny
FTSE 100 Edges Higher In Cautious Trade
U.K. stocks were trading higher on Friday ahead of Eurozone inflation data due out later in the day and the Bank of England rate decision due next week.
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Před 696 dny
CAC 40 Gains On China Stimulus Hopes
French stocks opened higher on Friday amid hopes that China will unveil more economic stimulus measures to kickstart its ailing economy.
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Před 696 dny
DAX Gains Ahead Of Eurozone Inflation Data
German stocks traded higher on Friday following a hawkish pause from the U.S. Federal Reserve and a 25-basis-point rate hike by the European Central Bank this week.
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Před 696 dny
Asian Shares Rise As Bank Of Japan Keeps Ultra-low Rates
Asian stocks rose broadly on Friday as the Bank of Japan maintained ultra-low interest rates and reports suggested that Beijing officials are stepping up plans to jump-start China's recovery.
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Před 696 dny
European Economic News Preview: Eurozone Final Inflation Data Due
Final inflation data from Eurozone is the only major economic report due on Friday. At 3.00 am ET, the Czech Statistical Office releases producer prices for May. Prices are forecast to grow 3.8 percent annually, slower than the 6.4 percent increase in April.
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Před 696 dny
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