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European Markets Close Mixed On Thursday
The major European stock markets closed in mixed fashion on Thursday, trying to shrug off a soft open that carried over the previous day's weakness.
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U.S. Wholesale Inventories Edge Slightly Lower In April
A report released by the Commerce Department on Thursday showed a slight decrease in U.S. wholesale inventories in the month of April. The Commerce Department said wholesale inventories edged down by 0.1 percent in April after dipping by a revised 0.2 percent in March.
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Indian Stocks Finish Lower
Indian stocks declined on Thursday after the Reserve Bank of India kept rates steady but hinted at further rate hikes if necessary to combat inflation.
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U.S. Jobless Claims Climb To Highest Level Since October 2021
First-time claims for U.S. unemployment benefits increased by much more than expected in the week ended June 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 261,000, an increase of 28,000 from the previous week's revised level of 233,000.
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Eurozone Economy In Recession
Euro area economy entered a technical recession in the first quarter following the downward revisions to Germany and Ireland data.
Gross domestic product shrank 0.1 percent sequentially after posting a similar fall in the fourth quarter, the latest estimate from Eurostat showed Thursday.
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U.S. Weekly Jobless Claims Climb Much More Than Expected
First-time claims for U.S. unemployment benefits increased by much more than expected in the week ended June 3rd, according to a report released by the Labor Department on Thursday.
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RBI Keeps Repo Rate Unchanged As Inflation Moderates
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the second straight meeting on Thursday as inflation moderated further and previous rate hikes are set to keep inflationary pressures contained over months ahead. The six-member Monetary Policy Committee, led by the RBI Governor Shaktikanta Das, unanimously voted to hold the repo rate at 6.50 percent, as widely
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FTSE 100 Edges Lower Amidst Monetary Policy Concerns
FTSE 100 of the London Stock Exchange edged lower, unlike its European peers, as world markets brace for the monetary policy decisions by the Federal Reserve, the ECB and the Bank of England over the coming weeks.
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Perrigo Appoints Patrick Lockwood-Taylor As President And CEO
Pharma company Perrigo Company plc (PRGO) announced Thursday the appointment of industry professional Patrick Lockwood-Taylor as its new President, Chief Executive Officer and member of the Board of Directors, effective June 30, 2023.
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Rocket Pharma Says FDA Grants Fast Track And Orphan Drug Designations For RP-A601 Gene Therapy
Biotechnology company Rocket Pharmaceuticals, Inc. (RCKT) announced Thursday that the U.S. Food and Drug Administration (FDA) has granted Fast Track and Orphan Drug designations to RP-A601, the Company's gene therapy candidate for the treatment of plakophilin-2 related arrhythmogenic cardiomyopathy (PKP2-ACM).
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Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates
Fashion retailer Designer Brands Inc. (DBI) reported on Thursday that net income attributable to the company for the first quarter more than halved to $11.42 million or $0.17 per share from $26.18 million or $0.34 per share in the prior-year quarter.
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Graham Guides FY24 Revenue Above Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2024.
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CAC-40 Rises Amidst Cautious Optimism
The CAC-40 traded with mild gains on Thursday amidst hopes of a pause by the Federal Reserve and fears of a hawkish stance by the European Central Bank.
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