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European Markets Close Higher Ahead Of Fed Announcement
Major European markets closed higher on Wednesday amid speculation the Federal Reserve, which is expected to raise interest rates by 25 basis points later in the day, might soon signal a pause in its tightening cycle.
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vor 826 Tagen
U.S. Services Index Indicates Slightly Faster Growth In April
A report released by the Institute for Supply Management on Wednesday showed U.S. service sector activity grew at a slightly faster rate in the month of April. The ISM said its services PMI crept up to 51.9 in April from 51.2 in March, with a reading above 50 indicating growth in the sector. Economists had expected the index to inch up to 51.8.
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vor 826 Tagen
U.S. Dollar Rebounds After Solid ADP Data
The U.S. dollar erased some of its losses against its most major counterparts in the European session on Wednesday, after a data showed that the nation's private sector employment increased much more than expected in April.
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vor 826 Tagen
Malaysia Central Bank Raises Policy Rate Unexpectedly To 3.00%
Malaysia's central bank unexpectedly increased its key interest rate on Wednesday, aiming to bring down persistently high inflation amid firm demand conditions in the domestic economy. The Monetary Policy Committee of Bank Negara Malaysia decided to hike the Overnight Policy Rate by 25 basis points to 3.00 percent.
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vor 826 Tagen
U.S. Private Sector Employment Jumps By 296,000 Jobs In April, Much More Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much more than expected in the month of April. ADP said private sector employment surged by 296,000 jobs in April after climbing by a revised 142,000 jobs in March.
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vor 826 Tagen
Standard Motor Products Q1 Results Top Estimates
Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter plunged to $12.70 million or $0.57 per share from $20.56 million or $0.87 per share in the prior-year quarter.
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vor 826 Tagen
U.S. Private Sector Employment Jumps Much More Than Expected In April
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much more than expected in the month of April.
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vor 826 Tagen
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SunPower Q1 Adj. Loss Misses Estimates
SunPower Corp. (SPWR) announced Tuesday that net loss attributable to stockholders for the first quarter was $50.68 million or $0.29 per share, wider than net loss of $27.87 million or $0.16 per share in the prior-year quarter.
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vor 826 Tagen
Bay Street Likely To Open On Mixed Note; Fed Policy In Focus
Canadian shares are likely to open on a mixed note on Wednesday, with investors reacting to a slew of earnings updates from Canadian companies, and looking ahead to the Federal Reserve's rate decision later in the day.
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vor 826 Tagen
FTSE 100 Lags Behind European Peers
FTSE 100 of the London Stock Exchange edged higher, trailing its European peers, as world markets eagerly wait for the outcome of the Federal Open Market Committee's two-day meeting.
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vor 826 Tagen
Eurozone Unemployment Rate Hits Fresh Record Low
Euro area unemployment rate dropped to a fresh record low in March despite the 20-nation currency bloc experiencing a modest economic growth. The jobless rate slid to 6.5 percent in March from 6.6 percent in February, data from Eurostat showed on Wednesday. In the same period last year, the unemployment rate was 6.8 percent.
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vor 826 Tagen
Gibraltar Industries Q1 Adj. EPS Tops Estimates; Reiterates FY23 Outlook
Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the first quarter increased to $21.10 million or $0.68 per share from $15.46 million or $0.47 per share in the prior-year quarter.
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vor 826 Tagen
CAC-40 Gains Amidst Rate Pause Optimism
The CAC-40 traded with gains on Wednesday amidst renewed hopes of the Fed pausing on rate hikes. Positive earnings updates also helped shore up sentiment.
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vor 826 Tagen
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