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Canadian Shares Turning In Mixed Performance
Canadian shares are turning in a mixed performance in cautious trade on Thursday with investors continuing to assess the outlook for economic growth and interest rate paths of global central banks.
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Japanese Yen Advances Against Majors
The Japanese yen climbed against its major counterparts in the European session on Thursday, amid worries over China's sluggish economic recovery and the prospect of higher interest rates in the U.S.
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Norges Bank Signals Tightening To Continue In September
The Norwegian central bank raised its interest rates on Thursday, in line with its guidance in June, and hinted at further tightening ahead if the economic situation pans out as expected.
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U.S. Weekly Jobless Claims Edge Modestly Lower
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended August 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 239,000, a decrease of 11,000 from the previous week's revised level of 250,000.
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Walmart Q2 Profit Up 53%; Results Top Estimates
Retail giant Walmart reported Thursday a net profit for the second quarter that surged 53.3 percent from last year, reflecting improved gross margins and revenue growth. The results were also driven by the rebound in international markets. Both adjusted earnings per share and revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2024.
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U.S. Weekly Jobless Claims Slip To 239,000
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended August 12th, according to a report released by the Labor Department on Thursday.
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Nuvectis Pharma Says FDA Grants Orphan Drug Designation To NXP800 For Cholangiocarcinoma
Biopharmaceutical company Nuvectis Pharma, Inc. (NVCT) announced Thursday that NXP800 was granted Orphan Drug Designation by the U.S. Food and Drug Administration (FDA) for the treatment of cholangiocarcinoma.
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Bay Street Seen Opening With Positive Bias
The Canadian market is likely to open with a positive bias on Thursday as energy stocks are expected to climb higher on firm crude oil prices.
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Walmart Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Thursday, retail giant Walmart, Inc. (WMT) raised its adjusted earnings and net sales growth guidance for the full-year 2024. It also provided outlook for the third quarter.
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Sensex Falls 388 Points On Fed, China Worries; Nifty Dips Below 19,400
Indian shares ended notably lower on Thursday, mirroring weak cues from global markets.
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European Shares Decline On Fed Uncertainty, China Concerns
European stocks slipped into the red on Thursday amid worries over China's sluggish economic recovery and uncertainty over the Federal Reserve's interest-rate path.
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FTSE 100 Slips On Fed, China Woes
U.K. stocks hit five-week lows on Thursday, with sentiment dented by growing worries around China's shuttering economy and fresh worries that the U.S. Federal Reserve may raise rates again to tame stubborn inflation.
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CAC 40 Drifts Lower On China Concerns
French stocks were moving lower on Thursday, Eurozone bond yields rose and the dollar extended gains amid mounting China worries and the release of hawkish Fed minutes.
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