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Malvern Bancorp Swings To Profit In Q4
(RTTNews) - Malvern Bancorp, Inc. (MLVF) reported Friday fourth-quarter net income of $2.58 million or $0.34 per share, compared to a net loss of $6.19 million or $0.82 per share in the prior-year quarter.
Net interest income for the quarter grew to $7.91 million from $6.83 million in the same quarter last year.
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European Shares Drift Lower With US Debt Concerns, PMI Data In Focus
European stocks traded lower on Thursday as investors reacted to a U.S. Treasury sell-off, mixed regional data and some disappointing earnings.
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Indian Rupee Falls To Near 1-1/2-month Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Thursday.
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Asian Shares Follow Wall Street Lower As Treasury Yields Spike
Asian stocks followed Wall Street lower on Thursday after longer-dated U.S. Treasury yields hit their highest in 18 months on concerns that a new budget proposal could swell the country's federal deficit.
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Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
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European Shares To Open On Soft Note As US Debt Concerns Mount
European stocks may open on a sluggish note Thursday as investors react to U.S. deficit concerns and budget debates.
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European Economic News Preview: Eurozone Flash PMI Data Due
Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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NZ Dollar Slides Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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