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European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results

European stocks are up firmly in positive territory on Tuesday amid expectations of a good earnings update from U.S. technology major Nvidia, and preliminary reports on manufacturing activity in the month of August.

RTTNews | vor 715 Tagen

CAC-40 Rises With Tech Sector Optimism

Optimism ahead of the highly anticipated earnings update by technology company Nvidia boosted stock market sentiment, lifting the CAC-40 more than a percent.

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Indian Rupee Hits 8-day High Against U.S. Dollar

The Indian rupee advanced against the U.S. dollar in evening deals on Tuesday, as the latter fell ahead of Fed Chair Jerome Powell's speech at the Jackson Hole Symposium later this week.

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Coty Guides FY24 Adj. EPS A Tad Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, Coty Inc. (COTY) initiated its adjusted earnings guidance for the full-year 2024, a tad below analysts' estimates.

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Sensex, Nifty Fail To Hold Gains, End Flat

After losing ground in the previous two sessions, Indian shares rebounded on Tuesday, but despite a fairly good spell in positive territory, pared its gains past mid afternoon and eventually ended the day's session roughly flat.

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DAX Gains On Tech Sector Sentiment

Positive sentiment for the technology sector ahead of the earnings update by Nvidia pushed the DAX index higher in Tuesday's trade.

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Asian Stocks Gain As Sentiment Improves

Asian markets finished trading on a positive note, rebounding from the levels on Monday. Benchmarks in China and Hong Kong finished with decent gains, helped by the strength of the tech sector.

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SoftBank Chip Unit Arm Files For US IPO

Chip designer Arm, owned by Japan's SoftBank, has filed for an initial public offering in the United States. The proposed IPO on the Nasdaq exchange is expected to be one of the largest listing in recent years. The UK-based company revealed the IPO information in a filing with the U.S. Securities And Exchange Commission, while a prospective share price is yet to be listed.

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U.S. Dollar Extends Fall As Investors Await Fed Chair Powell Speech

The U.S. dollar extended its weakness against its major counterparts in the Asian session on Tuesday, as investor sentiment rose awaiting U.S. Fed Chair Jerome Powell's speech at the Jackson Hole Symposium due later this week for more clues about the economy and interest-rate outlook.

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European Markets Seen Opening Positive

Markets in Europe are expected to open on a positive note on Tuesday despite worries about the future of monetary policy in the region as well as in the U.S.

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Sensex, Nifty Up Marginally In Lackluster Trade

Indian shares are turning in a mixed performance in lackluster trade Tuesday morning with investors making cautious moves amid a lack of triggers.

RTTNews | vor 716 Tagen

FDA Approves Pfizer's Abrysvo For Pregnant Individuals To Prevent RSV In Infants

The U.S. Food and Drug Administration announced the approval of Pfizer Inc.'s Abrysvo (Respiratory Syncytial Virus Vaccine) for use in pregnant individuals to prevent respiratory syncytial virus or RSV in infants. It is the first vaccine approval for use in pregnant individuals to prevent lower respiratory tract disease or LRTD and severe LRTD caused by RSV in infants from birth through 6 months..

RTTNews | vor 716 Tagen