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CAC-40 Declines Amidst Concerns About Inflation, China Growth
The CAC-40 benchmark slipped in Tuesday's trade amidst concerns about inflation ahead of release of latest readings.
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Avidity Biosciences Inks Global Licensing And Research Collaboration Deal With Bristol Myers Squibb
Biopharmaceutical company Avidity Biosciences, Inc. (RNA) announced Tuesday a global licensing and research collaboration with Bristol Myers Squibb (BMY) focused on the discovery, development and commercialization of multiple cardiovascular targets with potential cumulative payments of up to $2.3 billion.
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Major European Markets Down In Negative Territory Around Noon
European stocks are down in negative territory around noon on Tuesday amid lingering concerns about global economic slowdown and uncertainty about the outlook for interest rates.
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German Consumer Confidence Rises In December
Consumer morale in Germany rose moderately in December amid the slowing inflation but sentiment stayed at a very low level signaling no signs of sustainable recovery, survey results published jointly by GfK and the Nuremberg Institute for Market Decisions, showed on Tuesday. The consumer confidence index rose to -27.8 in December from -28.3 in November. The reading was seen at -27.0.
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Western Copper And Gold Announces C$6 Mln Investment & Entry Into Investor Rights Deal By Rio Tinto
Western Copper and Gold Corp. (WRN, WRN.TO) announced Tuesday a further C$6 million investment and the entry into an amended and restated investor rights agreement by Rio Tinto Canada Inc., to continue to advance the Company's Casino Project in the Yukon.
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DAX Close To The Flatline Ahead Of Inflation Updates
The DAX benchmark of the Frankfurt bourse recorded only mild gains amidst anxiety ahead of the release of crucial PCE inflation readings from the U.S. as well as the euro regions.
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Eurozone M3 Money Supply Falls, Bank Lending Remains Weak
Eurozone money supply continued to fall and bank lending remained weak in October amid tight monetary policy, data published by the European Central Bank showed Tuesday. The monetary aggregate M3 declined 1.0 percent on a yearly basis in October after a 1.2 percent fall in September. This was the fourth consecutive fall.
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IRobot Stock Hit By EU's Competition Concerns About Amazon Deal
The European Commission, which was probing Amazon.com Inc.'s proposed $1.7 billion acquisition of consumer robot company iRobot Corp., said it has competition concerns regarding the deal. Following the news, the shares sank 17.2 percent on Monday's regular trading on Nasdaq to close at $34.35. However, in the after-hours trading, the shares gained around 2.5 percent.
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Sensex, Nifty End On Firm Note; Oil, Adani Group Shares Post Strong Gains
After moving along the unchanged line, with stocks swinging between gains and losses till well past noon on Tuesday, the benchmark indices Sensex and the Nifty50 climbed higher in the final ninety minutes of the session to eventually end on a firm note.
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Asian Equities Close On A Mixed Note
Asian markets closed on a mixed note on Tuesday amidst anxiety ahead of crucial macro-economic updates.
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Commodity Currencies Rise On Strong Asian Shares
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as investors are trading mostly higher, following the broadly negative cues from global markets overnight. Traders seemed reluctant to make significant moves ahead of the release of some key economic data in the coming days. Most currencies in the region also strengthened against the U.S. dollar.
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Canadian Dollar Climbs Against U.S. Dollar, Euro
The Canadian dollar strengthened against the U.S. dollar and the euro in the Asian session on Tuesday.
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NZ Dollar Advances Against U.S. Dollar, Euro
The New Zealand dollar strengthened against the U.S. dollar and the euro in the Asian session on Tuesday.
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