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U.S. Dollar Appreciates Ahead Of PCE Data

U.S. Dollar Appreciates Ahead Of PCE Data

The U.S. dollar climbed against its major counterparts in the European session on Friday, as investors awaited the release of U.S. personal consumption expenditures price index, the Fed's preferred gauge of inflation, due out later today.
RTTNews | vor 815 Tagen
Boeing Halts Delivery Of 787 Dreamliners

Boeing Halts Delivery Of 787 Dreamliners

Boeing Co. temporarily stopped deliveries of its 787 Dreamliners as directed by the Federal Aviation Administration, pending an additional analysis on a fuselage component, reports said. The FAA stated that the company cannot resume deliveries of the plane, which was halted earlier too to a series of manufacturing flaws until the agency is satisfied that the issue has been addressed.
RTTNews | vor 815 Tagen
UK Consumer Confidence Rebounds Strongly - GfK

UK Consumer Confidence Rebounds Strongly - GfK

UK consumer sentiment improved in February from historic lows seen in the previous months to its highest level since April last year, as households were more optimistic about their personal finances and the future economic situation, despite headwinds from rising inflation, survey results from the market research group GfK showed on Friday.
RTTNews | vor 816 Tagen
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Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks ended mixed on Friday despite Wall Street snapping a four-day losing streak overnight on the back of better-than-expected fourth quarter profits announced by chip maker Nvidia.
RTTNews | vor 816 Tagen
Holcim FY22 Profit Up, Sees Growth In FY23; Names New Chairman

Holcim FY22 Profit Up, Sees Growth In FY23; Names New Chairman

Swiss building materials firm Holcim Group reported Friday higher profit in fiscal 2022 with srong sales, even as fourth-quarter recurring EBIT, a key earnings metric, and sales were weak. Further, the company lifted its dividend, and said it projects growth in profit and sales for fiscal 2023. Holcim announced that its Board of Directors intends to propose CEO Jan Jenisch as the new Chairman.
RTTNews | vor 816 Tagen
German Consumer Confidence Improves For Fifth Month - GfK

German Consumer Confidence Improves For Fifth Month - GfK

Germany's consumer sentiment is set to strengthen for the fifth month in a row in March amid lower energy prices and recent data signaling that the biggest euro area economy may avoid a recession, survey results from the market research firm GfK showed Friday. The forward-looking Consumer Confidence Index for March rose to -30.5 points from a revised -33.8 points in February.
RTTNews | vor 816 Tagen
UK Car Production Drops Slightly In January: SMMT

UK Car Production Drops Slightly In January: SMMT

UK car production dropped only slightly in January as output of electrified vehicles increased sharply, data from the Society of Motor Manufacturers and Traders showed Friday. Output decreased 0.3 percent on a yearly basis in January, the lobby said. The loss was equivalent to 215 cars, which was driven mainly by structural changes in a major plant, shifting from car to van production.
RTTNews | vor 816 Tagen
European Economic News Preview: Germany Final GDP, Consumer Confidence Due

European Economic News Preview: Germany Final GDP, Consumer Confidence Due

Final quarterly national accounts and consumer confidence from Germany are the top economic news due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Germany's statistical office Destatis is scheduled to issue detailed results for the fourth quarter GDP. The initial estimate showed that the largest euro area economy shrank 0.2 percent sequentially.
RTTNews | vor 816 Tagen

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