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European Shares Rise As Debt Default Worries Ease
European stocks climbed on Thursday as investors cheered signs of progress on the U.S. debt ceiling deal, solid manufacturing data from China and dovish comments from Federal Reserve officials hinting at a pause in interest-rate hikes.
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FTSE 100 Gains As Miners Surge On China Data
U.K. stocks traded higher on Thursday, with encouraging manufacturing data from China and easing U.S. debt default fears helping underpin sentiment.
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CAC 40 Gains As US Debt Deal Progress Boosts Sentiment
French stocks climbed on Thursday as investors cheered signs of progress on the U.S. debt ceiling deal, solid manufacturing data from China and dovish comments from Federal Reserve officials hinting at a pause in interest-rate hikes.
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DAX Rallies Led By Banks
German stocks rallied on Thursday after the lower house of the U.S. Congress overwhelmingly passed a crucial compromise measure to avert a debt default and a private survey showed China's factory activity unexpectedly swung to growth in May.
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Asian Shares Gain As US Debt Default Worries Ebb
Asian stocks rose broadly on Thursday as fears of a U.S. debt default eased, and a private survey showed China's factory activity unexpectedly swung to growth in May from decline.
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Mattel Unveils New Barbie The Movie Collection
Toy maker Mattel, Inc. has unveiled a new product collection from across the portfolio of its brands inspired by the upcoming film, Barbie. The hugely anticipated feature film, created in partnership with Warner Bros. Pictures, debuts in theaters nationwide July 21. The new line features over half a dozen iconic Barbie and Ken looks inspired by the film.
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Australian Dollar Rises After Strong China Manufacturing PMI Data
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, following the release of China's manufacturing activity that expanded for the first time in three months in May, as strong new orders boosted production.
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more news
China Manufacturing Sector Recovers In May
China's manufacturing activity expanded for the first time in three months in May as strong new orders boosted production, survey results from S&P Global revealed on Thursday. The Caixin manufacturing Purchasing Managers' Index picked up to 50.9 in May from 49.5 in April. The reading was forecast to remain unchanged at 49.5. The latest reading was above the neutral 50.0 level.
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European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation from the euro area and house prices from the UK are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to fall 0.5 percent on month in May, offsetting a 0.5 percent rise in April. In the meantime, Destatis is scheduled to issue Germany retail sales for April.
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European Shares Seen Up As US House Clears Debt Ceiling Bill
European stocks may open on a steady note Thursday after the bill to raise debt limit and cap government spending in the U.S. was passed by a wide margin on late Wednesday, days before the world's biggest economy is due to start defaulting on its debt.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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Sensex, Nifty Marginally Higher In Lackluster Trade
Indian shares were little changed in early trade on Thursday despite encouraging Q4 GDP data and easing U.S. debt worries.
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Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight, as traders react to the passage of the US debt ceiling bill by the U.S. House of Representatives by a wide margin. The U.S. Senate must vote on the bill later this week before US President Joe Biden can sign it into law to avoid a potentially disastrous default.
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