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U.S. Dollar Higher On Fed Rate Hike Bets

The U.S. dollar advanced against its most major counterparts in the European session on Thursday, on growing hopes of aggressive rate hikes by the Federal Reserve to control inflation.
RTTNews | Před 997 dny
Eurozone Manufacturing Activity Contracts Further In August

Eurozone Manufacturing Activity Contracts Further In August

The euro area manufacturing activity shrank for the second straight month in August, adding to fears of recession in the currency bloc, final survey data from S&P Global showed Thursday. The final factory Purchasing Managers' Index declined to a 26-month low of 49.6 in August from 49.8 in the previous month.
RTTNews | Před 997 dny
Campbell Soup Q4 Profit Plunges, But Results Meet Estimates

Campbell Soup Q4 Profit Plunges, But Results Meet Estimates

Campbell Soup reported on Thursday a profit for the fourth quarter that plunged from last year, hurt by higher costs and expenses amid industry-wide inflation and supply constraints. Both adjusted earnings per share and net sales for the quarter met analysts' estimates. The company also initiated financial guidance for the full-year 2023.
RTTNews | Před 997 dny
Bay Street Likely To Open Notably Lower

Bay Street Likely To Open Notably Lower

Canadian shares look headed for weak start on Thursday, tracking losses in Asian and European markets, and sharply lower commodity prices.
RTTNews | Před 997 dny
U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrease

U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrease

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 27th.
RTTNews | Před 997 dny
Eurozone Jobless Rate At Record Low

Eurozone Jobless Rate At Record Low

The euro area jobless rate fell to a historic low in July despite fears of recession, data released by Eurostat revealed on Thursday. The jobless rate fell to a seasonally adjusted 6.6 percent from revised 6.7 percent in June. In the same period last year, the rate was 7.7 percent.
RTTNews | Před 997 dny
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Genesco Q2 Adj. EPS Tops Estimates; Slashes FY23 Outlook

Genesco Q2 Adj. EPS Tops Estimates; Slashes FY23 Outlook

Specialty retailer Genesco, Inc. (GCO) on Thursday reported that net earnings for the second quarter declined to $7.64 million or $0.59 per share from $10.94 million or $0.75 per share in the prior-year quarter.
RTTNews | Před 997 dny
UK Manufacturing Activity Contracts Most Since 2020

UK Manufacturing Activity Contracts Most Since 2020

The UK manufacturing sector registered its sharpest contraction since May 2020 on steep decreases in production and order intake, final survey results from S&P Global showed Thursday. The Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 47.3 in August from 52.1 in July. But the score was above the flash estimate of 46.0.
RTTNews | Před 997 dny
Indian Shares Tumble Amid Global Sell-off

Indian Shares Tumble Amid Global Sell-off

Indian shares fell sharply on Thursday, tracking weak global markets after several Fed and ECB officials reiterated their support for further interest-rate hikes to combat inflation.
RTTNews | Před 997 dny
Euro Weakens On Rate Hike, Recession Worries

Euro Weakens On Rate Hike, Recession Worries

The euro was lower against its most major counterparts in the European session on Thursday, as European markets fell, tracking a sell-off on Wall Street and in Asia, as investors continued to worry about higher interest rates and the risk of a recession.
RTTNews | Před 997 dny

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