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Swiss Market Ends Marginally Down After Choppy Session
The Switzerland stock market ended marginally down on Wednesday after a choppy session. Worries about inflation and slowing economic growth weighed on sentiment.
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vor 644 Tagen
European Stocks Close Broadly Lower On Inflation Worries
European stocks closed lower on Wednesday after data showing an increase in inflation in Germany and Spain raised concerns the European Central Bank will continue with policy tightening.
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vor 644 Tagen
Dollar Weakens As Soft ADP, GDP Data Support Fed Pause Hopes
The U.S. dollar depreciated against its major counterparts in the New York session on Wednesday, as ADP private sector job growth slowed in August and economy grew less than previously estimated in the second quarter, cementing expectations of a pause in the interest rate hike by the Federal Reserve.
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vor 644 Tagen
U.S. Pending Home Sales Unexpectedly Climb 0.9% In July
Pending home sales in the U.S. unexpectedly increased in the month of July, the National Association of Realtors revealed in a report released on Wednesday. NAR said its pending home sales index climbed by 0.9 percent to 77.6 in July after rising by 0.4 percent to a revised 76.9 in June.
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vor 644 Tagen
U.S. GDP Grows Less Than Previously Estimated In Q2
Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by less than previously estimated in the second quarter. The report said the increase in gross domestic product in the second quarter was downwardly revised to 2.1 percent from the previously reported 2.4 percent. Economists had expected the pace of GDP growth to be unrevised.
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vor 644 Tagen
U.S. Private Sector Job Growth Slows More Than Expected In August
Private sector employment in the U.S. increased by slightly less than expected in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 177,000 jobs in August after surging by an upwardly revised 371,000 jobs in July.
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vor 644 Tagen
German Inflation At 17-Month Low
Germany's consumer price inflation slowed slightly to a 17-month low in August on slowing food price growth, flash data from Destatis revealed on Wednesday. Consumer prices posted an annual increase of 6.1 percent in August after rising 6.2 percent in July. This was the lowest rate since March 2022. Prices were forecast to gain 6.0 percent.
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vor 644 Tagen
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Quest Diagnostics Says FDA Grants Breakthrough Designation For Adeno-associated Virus Test
Quest Diagnostics (DGX), a diagnostic information services provider, announced Wednesday that its AAVrh74 ELISA assay (CDx) has been granted Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA).
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vor 644 Tagen
UK Mortgage Approvals Hit 5-Month Low
UK mortgage approvals declined more than expected to a five-month low in July as higher interest rates act as a drag on the housing market, data from the Bank of England revealed on Wednesday. Approvals for house purchases, an indicator of future borrowing, declined to 49,444 in July from 54,605 in June. That was below economists' forecast of 51,000.
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vor 644 Tagen
U.S. GDP Growth Unexpectedly Downwardly Revised To 2.1% In Q2
Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by less than previously estimated in the second quarter.
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vor 644 Tagen
U.S. Private Sector Employment Increases Slightly Less Than Expected In August
Private sector employment in the U.S. increased by slightly less than expected in the month of August, according to a report released by payroll processor ADP on Wednesday.
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vor 644 Tagen
Bay Street May Open With Slightly Positive Bias
Canadian shares may open with a slightly positive bias on Wednesday, tracking higher crude oil prices.
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vor 644 Tagen
REX American Resources Q2 Profit Declines
REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.
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vor 644 Tagen
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