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Bay Street Likely To Open Notably Lower
Canadian shares look headed for weak start on Thursday, tracking losses in Asian and European markets, and sharply lower commodity prices.
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U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrease
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 27th.
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Eurozone Jobless Rate At Record Low
The euro area jobless rate fell to a historic low in July despite fears of recession, data released by Eurostat revealed on Thursday. The jobless rate fell to a seasonally adjusted 6.6 percent from revised 6.7 percent in June. In the same period last year, the rate was 7.7 percent.
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Genesco Q2 Adj. EPS Tops Estimates; Slashes FY23 Outlook
Specialty retailer Genesco, Inc. (GCO) on Thursday reported that net earnings for the second quarter declined to $7.64 million or $0.59 per share from $10.94 million or $0.75 per share in the prior-year quarter.
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UK Manufacturing Activity Contracts Most Since 2020
The UK manufacturing sector registered its sharpest contraction since May 2020 on steep decreases in production and order intake, final survey results from S&P Global showed Thursday. The Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 47.3 in August from 52.1 in July. But the score was above the flash estimate of 46.0.
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Brady Corp. Guides FY22 Adj. EPS Above Estimates As Q4 Adj. EPS Tops View
While reporting financial results for the fourth quarter on Thursday, Brady Corp. (BRC) initiated its earnings and adjusted earnings guidance for the full-year 2023.
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Build-A-Bear Workshop Reaffirms FY22 Revenue, EBITDA Outlook - Update
While reporting financial results for the second quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) reaffirmed its revenue and EBITDA guidance for the full-year 2022.
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more news
Indian Shares Tumble Amid Global Sell-off
Indian shares fell sharply on Thursday, tracking weak global markets after several Fed and ECB officials reiterated their support for further interest-rate hikes to combat inflation.
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Euro Weakens On Rate Hike, Recession Worries
The euro was lower against its most major counterparts in the European session on Thursday, as European markets fell, tracking a sell-off on Wall Street and in Asia, as investors continued to worry about higher interest rates and the risk of a recession.
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European Shares Extend Slide As Rate Hike Fears Mount
European stocks fell sharply on Thursday to hit seven-week lows amid worries that aggressive rate hikes by the Federal Reserve and other central banks in Europe and Asia will dent economic growth.
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FTSE 100 Retreats On Growth Worries; Miners Worst Hit
U.K. stocks slumped on Thursday after a survey showed manufacturing production suffered its steepest contraction since May 2020 in August.
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CAC 40 Extends Losses As Luxury Stocks Drag
French stocks tumbled on Thursday, as investors reacted to fresh hawkish commentary from another key Fed official and a disappointing report on monthly private payrolls in the United States.
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DAX Retreats On Growth, Inflation Concerns
German stocks fell sharply on Thursday amid worries that aggressive rate hikes by the Federal Reserve and other central banks in Europe and Asia will dent economic growth.
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