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Bay Street Seen Opening Higher; U.S. Inflation Data, Fed Meeting In Focus
Canadian shares are likely to open on a positive note on Tuesday, tracking higher crude oil and bullion prices. Still, with the focus on U.S. inflation data and the Federal Reserve's monetary policy meeting, the mood is likely to be a bit cautious.
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Falling UK Unemployment & Rising Wage Growth Signals Labor Market Strength
The surprise decline in the UK unemployment rate and strong growth in average earnings in the three months to April reflect the tightness of the labor market, data from the Office for National Statistics revealed Tuesday. The jobless rate fell to 3.8 percent in the three months to April from 3.9 percent in the preceding period, while it was forecast to rise to 4.0 percent.
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AstraZeneca Partners Vanguard Renewables To Use Renewable Natural Gas In The U.S. By End Of 2026
In a first-of-its-kind collaboration, British drug major AstraZeneca plc (AZN, AZN.L) is partnering with Vanguard Renewables to enable the delivery of renewable natural gas (RNG) to all of its sites in the United States by the end of 2026.
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Sensex, Nifty Extend Gains Ahead Of US Inflation Data
Indian shares rose notably on Tuesday to extend gains from the previous session ahead of U.S. CPI data due later in the day and the Fed's interest-rate decision scheduled for Wednesday.
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U.S. Dollar Lower Ahead Of Inflation Data
The U.S. dollar fell against its most major counterparts in the European session on Tuesday, as investors awaited key inflation data and the Federal Reserve's monetary policy decision for more clues on the interest rate outlook.
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European Shares Gain On Solid German Data, China's Rate Cut
European stocks traded higher on Tuesday as investors reacted to strong economic data from Germany and China's surprise rate cut.
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FTSE 100 Inches Higher Led By Miners
U.K. stocks edged higher on Tuesday as higher base metal prices lifted mining stocks.
The benchmark FTSE 100 was up 17 points, or 0.2 percent, at 7,585 after inching up 0.1 percent on Monday.
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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
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DAX Rises As German Inflation Eases Further
German stocks rose on Tuesday after data showed Germany's consumer price inflation eased further in May to the lowest level in more than a year, as initially estimated.
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Asian Shares Gain On Fed Optimism, China's Surprise Rate Cut
Asian stocks advanced on Tuesday as China's central bank lowered a short-term lending rate for the first time in 10 months and investors braced for central bank meetings in the United States, Europe and Japan.
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Australia Business Sentiment Weakens, Consumer Confidence Improves
Australia's business conditions and confidence weakened in May, indicating signs of slowdown in economic activity, survey results from the National Australia Bank showed Tuesday. Elsewhere, a survey from Westpac showed that consumer sentiment improved in June but remained near recession lows.
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Pound Rises After U.K. Jobs Data
At 2:00 am ET Tuesday, the Office for National Statistics released U.K. labor market data.
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Euro Falls Slightly After German Final CPI Data
At 2:00 am ET Tuesday, Destatis issued Germany's final inflation figures for May.
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