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McCormick Slashes FY22 Earnings Outlook - Update

While reporting financial results for the second quarter on Wednesday, flavor maker McCormick & Co., Inc. (MKC) trimmed its earnings and adjusted earnings guidance for the full year 2022, while maintaining annual sales growth outlook.
RTTNews | vor 1136 Tagen
Sensex, Nifty Snap Four-day Winning Streak

Sensex, Nifty Snap Four-day Winning Streak

Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee, which fell 19 paise to close at a new record low of 79.04 against the dollar.
RTTNews | vor 1136 Tagen
European Shares Decline After Spain Inflation Surge

European Shares Decline After Spain Inflation Surge

European stocks fell on Wednesday following a three-day rally. A cautious undertone prevailed ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.
RTTNews | vor 1136 Tagen
CAC 40 Slides Ahead Of Powell's Speech

CAC 40 Slides Ahead Of Powell's Speech

French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.
RTTNews | vor 1136 Tagen
DAX Slips On Recession Worries

DAX Slips On Recession Worries

German shares fell sharply on Wednesday as dire U.S. consumer confidence data released overnight stoked concerns about the economic and earnings outlook.
RTTNews | vor 1136 Tagen
Australian Dollar Falls; Yen Rises On Recession Concerns

Australian Dollar Falls; Yen Rises On Recession Concerns

The Australian dollar declined against its major counterparts in the Asian session on Wednesday, while the Japanese yen advanced, as Asian stock markets are mostly lower, following the broadly negative cues overnight from Wall Street, after data showed that U.S. consumer confidence fell sharply in June, renewing concerns about inflation and the risk of recession.
RTTNews | vor 1136 Tagen
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Asian Shares Decline On Recession Worries

Asian Shares Decline On Recession Worries

Asian stocks fell on Wednesday as investors fretted over high inflation and the possibility of a recession. Risk-off sentiment boosted the safe-haven dollar while crude prices declined after a three-day rally.
RTTNews | vor 1136 Tagen
European Economics Preview: Germany Flash Inflation Data Due

European Economics Preview: Germany Flash Inflation Data Due

Flash inflation data from Germany and economic confidence from euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden releases household lending data for May. At 3.00 am ET, Spain's INE publishes flash consumer and harmonized prices for June and retail sales for May. EU harmonized inflation is seen at 8.7 percent.
RTTNews | vor 1136 Tagen
Asian Markets Mostly Lower On Recession Worries

Asian Markets Mostly Lower On Recession Worries

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues overnight from Wall Street, after weak US consumer confidence data stoked fear among investors about the risk that higher interest rates and persistent inflation could trigger a recession. Asian Markets closed mostly higher on Tuesday.
RTTNews | vor 1136 Tagen
Sensex, Nifty Set To Drift Lower On Growth Worries

Sensex, Nifty Set To Drift Lower On Growth Worries

Indian shares look set to open lower on Wednesday as investors fret over rising oil prices and a possible recession. The FII sell-off is another reason that market participants are worried about.
RTTNews | vor 1137 Tagen

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