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Euro Falls On ECB Pause Hopes After Weak Eurozone, German PMIs

The euro was lower against its most major counterparts in the European session on Wednesday, as PMI readings for Eurozone and Germany came in well below expectations in August, prompting traders to dial down expectations for a 25 basis-point rate hike from the European Central Bank next month.

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Ideanomics Approves Reverse Stock Split At Ratio Of 1-for-125

Ideanomics, Inc. (IDEX) announced Wednesday that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share at a ratio of 1-for-125. The Reverse Stock Split is expected to become effective on August 25, 2023.

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Foot Locker Q2 Adj. EPS Meets Estimates; Stock Down 27% As FY23 Outlook Slashed

Specialty athletic retailer Foot Locker, Inc. (FL) reported Wednesday a second-quarter net loss of $5 million or $0.05 per share, compared to net income of $94 million or $0.99 per share in the prior-year quarter.

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Sensex, Nifty End Modestly Higher; Adani Group Stocks Underperform

Indian shares eked out modest gains in cautious trade on Wednesday.

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European Shares Rise Before Nvidia Earnings

European stocks traded higher for a third consecutive session on Wednesday in a build-up in expectations over Nvidia's earnings release later in the day.

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FTSE 100 Gains Despite Weak PMI Data

U.K. stocks advanced on Wednesday despite the latest manufacturing and service sector readings coming in below expectations.

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CAC 40 Edges Higher In Cautious Trade

French stocks traded higher on Wednesday even as new data indicated that the French economy might he heading for a contraction in the third quarter.

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DAX Rises Despite Weak PMI Data

German stocks were trading higher on Wednesday, with PMI data and upcoming earnings from chip maker Nvidia in focus.

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Altria Files E-vapor Patent Infringement Complaint Against Juul

Tobacco major Altria Group, Inc. has filed a complaint against electronic cigarette maker Juul Labs Inc., seeking a ban on the import and sale of certain Juul e-vapor products. The patent infringement complaint has been filed with the U.S. International Trade Commission or ITC by Altria's newly acquired subsidiary, NJOY. The complaint alleges that Juul's devices and pods infringe certain patents

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