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Eurozone Economic Confidence Weakest Since Late 2020
Euro area economic sentiment reached its lowest level since late 2020 due to weaker confidence among consumers, services, retail trade and construction managers, monthly survey data from European Commission showed on Wednesday. The economic sentiment index declined more-than-expected to 93.3 from 94.5 a month ago.
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Patterson Reaffirms FY24 Outlook - Update
While reporting financial results for the first quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) reaffirmed its earnings and adjusted earnings guidance for the full-year 2024.
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Johnson & Johnson Trims FY23 Earnings, Net Sales Outlook
Healthcare company Johnson & Johnson (JNJ) on Wednesday updated its first-half financials and fiscal 2023 guidance which reflect its continuing operations as a company focused on transformational innovation in Pharmaceutical and MedTech, following the separation of Kenvue Inc., formerly Johnson & Johnson's Consumer Health business.
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Pound Strengthening Against Majors
The pound was higher against its major counterparts in the European session on Wednesday amid improved risk sentiment, as soft U.S. data released overnight spurred hopes that the Federal Reserve is done with its monetary tightening.
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Sensex, Nifty Give Up Early Gains To End On Flat Note
Indian shares gave up early gains to end on a flat note Wednesday as investors looked ahead to the release of a slew of U.S. and Chinese data this week for clues to the growth and rate outlook.
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European Shares Slide On Inflation, Growth Concerns
European stocks slipped into the red on Wednesday after data showed inflation rising in some German states.
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FTSE 100 Sees Cautious Gains; Prudential Shares Climb Over 3%
U.K. stocks were seeing modest gains on Wednesday after Prudential impressed investors with its earnings.
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CAC 40 Slides Ahead Of Key US Data
French stocks drifted lower on Wednesday ahead of key U.S. economic data due this week that could sway the Federal Reserve's interest-rate decisions in the coming months.
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Europe New Car Registrations Rise Further Amid Massive EV Sales Growth
The European car market continued to log double-digit sales growth in July amid the rising demand for battery electric vehicles, after component shortages damped sales in the same month last year, data released by the European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
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DAX Slips On Inflation Concerns
German stocks fell on Wednesday and bond yields jumped after data showed the consumer price index in the bellwether state of North Rhine-Westphalia rose by 5.9 % year-on-year in August from 5.8 percent in July.
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Burger King Must Face Lawsuit Over Whopper Size
A U.S. judge has ruled that Burger King must face a lawsuit for allegedly making its Whopper burger appear larger on its menus than its actual size. In the class action lawsuit against Burger King, the plaintiffs alleged that the Whopper's depiction on in-store menu boards was made to look 35% larger, with a meatier patty and ingredients that overflow over the bun.
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Asian Shares Mostly Higher On Fed Hopes
Asian stocks hit two-week highs on Wednesday while the dollar wobbled as weak U.S. labor market data bolstered bets that the Fed's rate hike cycle could be nearing the end.
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Australian Dollar Recovers As Asian Shares Traded Higher
The Australian dollar recovered from its recent losses against its major counterparts in the Asian session on Wednesday, as softer-than-expected U.S. consumer sentiment and job openings data helped ease concerns about interest rates, lifting investor sentiment. Chinese stimulus measures are also aiding market sentiment.
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