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Dollar Drifts Lower Against Major Counterparts

The U.S. dollar shed ground against its major rivals on Monday amid rising expectations that the Federal Reserve will likely slowdown the pace of its interest rate hikes in the coming months.
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U.S. Stocks Exhibiting Weakness In Cautious Trade

U.S. Stocks Exhibiting Weakness In Cautious Trade

After a weak start and a subsequent rebound into positive territory, U.S. stocks lost their way again and are down in the red in afternoon trades on Monday.
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Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland stock market closed marginally higher on Monday after moving in a very tight band right through the day's session.
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Major European Markets Close Slightly Lower After Volatile Session

Major European Markets Close Slightly Lower After Volatile Session

European stocks, which had their best month of the year in July, began the new month on a somewhat volatile note and ended slightly lower on Monday with investors digesting the latest batch of earnings updates and weighing growth prospects amid rising interest rates and policy tightening by central banks.
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U.S. Dollar Weakens At Start Of Week

U.S. Dollar Weakens At Start Of Week

The U.S. dollar was lower against its major counterparts in the European session on Monday, on hopes that the Federal Reserve is likely to be less aggressive on rate hikes in the future.
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UK Manufacturing Sector Growth Weakens To 25-Month Low

UK Manufacturing Sector Growth Weakens To 25-Month Low

The UK manufacturing sector growth moderated to a 25-month low in July as the downturn in production and new work continued amid heightened uncertainty, the cost of living crisis and supply chain issues. The Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index declined to a 25-month low of 52.1 in July from 52.8 in June, the survey results published by S&P Global
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Stealth BioTherapeutics To Be Taken Private In All-cash Deal

Stealth BioTherapeutics To Be Taken Private In All-cash Deal

Biotechnology company Stealth BioTherapeutics Corp (MITO) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Stealth Parent Limited,, and Stealth Merger Sub Limited, a wholly-owned subsidiary of Parent, to be acquired by a consortium of investors led by Morningside Venture (I) Investments Ltd. and J. Wood Capital Advisors LLC in an all-cash transaction.
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Advanced Energy Authorizes Quarterly Cash Dividend Of $0.10/share

Advanced Energy Authorizes Quarterly Cash Dividend Of $0.10/share

Advanced Energy Industries, Inc. (AEIS) announced Monday that its board of directors has authorized a quarterly cash dividend of $0.10 per share, payable on September 2, 2022 to shareholders of record as of August 22, 2022.
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Pound Climbs As European Shares Rise

Pound Climbs As European Shares Rise

The pound advanced against its major counterparts in the European session on Monday, as European shares advanced following strong corporate results and investors awaited a rate hike from the Bank of England later this week.
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Eurozone Manufacturing Activity Shrinks In July

Eurozone Manufacturing Activity Shrinks In July

Adding to recession risks, the euro area manufacturing sector contracted in July as production logged the sharpest fall since the initial wave of the COVID-19 lockdowns in early 2020, final data from S&P Global showed on Monday. The final manufacturing Purchasing Managers' Index fell to a 25-month low of 49.8 in July from 52.1 in June. The flash reading was 49.6.
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