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Pound Climbs On China Stimulus Expectations
The pound firmed against its major counterparts in the European session on Wednesday, on hopes that weak export growth could prompt Chinese authorities to roll out stimulus measures.
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Před 712 dny
Farmer Brothers To Divest Direct Ship Business And Northlake, Texas Facility To TreeHouse Foods
Coffee roaster Farmer Brothers Co. (FARM) announced Wednesday it has entered into a definitive agreement to sell its direct ship business, including its Northlake, Texas facility to TreeHouse Foods, Inc. (THS) for approximately $100 million, subject to customary purchase price adjustments.
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Germany Industrial Output Rises Less Than Expected In April
Germany's industrial production grew at a slower than expected pace in April raising possibilities for another economic contraction in the second quarter. Industrial output advanced 0.3 percent on month, in contrast to the 2.1 percent decrease in March, data from Destatis showed on Wednesday. The growth rate was well below the expected 0.6 percent.
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Před 712 dny
Bay Street Likely To Open On Cautious Note; BoC Rate Decision In Focus
The Canadian market is likely to open on a cautious note on Wednesday, with investors focusing on the Bank of Canada's policy announcement.
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Před 712 dny
Sensex, Nifty Gain Led By FMCG Stocks
Indian shares ended Wednesday's session higher, with the Nifty crossing 18,700 for the first time in 2023 amid hopes of interest rate pause by RBI and the Federal Reserve.
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Před 712 dny
Inditex Stock Up On Q1 Profit Growth; Sees Flat Margin In FY23
Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16..
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Před 712 dny
European Shares Slide On Growth Worries
European shares were subdued on Wednesday, as Chinese trade data came in below expectations and investors exercised caution ahead of key central bank meetings next week.
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Před 712 dny
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UK Halifax House Prices Remain Flat In May
UK house prices were unchanged in May after a slight upturn in the first quarter as higher interest rates started to squeeze household budgets, results of a survey by Lloyds Bank subsidiary Halifax showed on Wednesday. House prices were stable on a monthly basis in May following a 0.4 percent fall in April, the survey revealed. That was in line with economists' expectations.
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Před 712 dny
FTSE 100 Slips As Housebuilders Drag
U.K. stocks were subdued on Wednesday as Chinese trade figures disappointed and Halifax reported the first year-on-year decline in U.K. house prices since 2012, spurring fresh concerns about the economic outlook.
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Před 712 dny
CPSC Warns Against Recalled Boppy Newborn Loungers After More Infant Deaths
The U.S. Consumer Product Safety Commission or CPSC, along with Golden, Colorado-based Boppy Co., urged consumers to stop using recalled Boppy Newborn Loungers, following reports of more infant deaths. They also asked online marketplaces to stop selling the recalled product. The company in September 2021 had recalled over 3.3 million infant lounging pillows after it was connected with deaths of 8
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Před 712 dny
CAC 40 Edges Lower On Growth Concerns
French stocks edged lower on Wednesday, with disappointing trade data from China and concerns over a possible recession in the United States keeping investors nervous ahead of key central bank meetings next week.
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Před 712 dny
DAX Slips On Weak Data
German stocks declined on Wednesday after data showed German industrial output rose less than expected in April.
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Před 712 dny
Asian Shares Mixed As China Data Disappoints
Asian stocks turned in a mixed performance on Wednesday as Chinese trade data disappointed and investors awaited cues from key central bank meetings due next week.
Official data showed Chinese exports fell 7.5 percent from a year earlier in May, marking the first drop in three months. Imports fell 4.5 percent, indicating slowing overseas demand for Chinese goods.
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Před 712 dny
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