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Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland stock market ended on a bright note on Wednesday thanks to sustained buying at several counters amid optimism about results updates from U.S. technology majors.
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European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly higher on Wednesday with investors digesting data on manufacturing activity, and looking ahead to U.S. chipmaker Nvidia's results and the upcoming comments from central bankers at the Jackson Hole Symposium later in the week.
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U.S. New Home Sales Rebound To 17-Month High In July

U.S. New Home Sales Rebound To 17-Month High In July

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales rebounded by much more than expected in the month of July. The Commerce Department said new home sales spiked by 4.4 percent to an annual rate of 714,000 in July.
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Pound Slides On Disappointing U.K. PMI Data

Pound Slides On Disappointing U.K. PMI Data

The pound declined against its major counterparts in the European session on Wednesday, as the nation's private sector activity contracted in August at the fastest rate since January 2021.
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UK Private Sector Slips Into Contraction Zone

UK Private Sector Slips Into Contraction Zone

The UK private sector entered the contraction territory in August ending a six-month period of expansion as sluggish domestic economic conditions as well as higher interest rates damped demand, a closely watched survey showed Wednesday. The flash S&P Global/Chartered Institute of Procurement & Supply composite output index slipped to a 31-month low of 47.9 in August from 50.8 in the previous mont
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Eurozone Private Sector Activity Logs Biggest Fall Since Late 2020

Eurozone Private Sector Activity Logs Biggest Fall Since Late 2020

Euro area private sector activity registered its biggest fall since November 2020 as the downturn spread from manufacturing to services, flash survey results from S&P Global and Hamburg Commercial Bank revealed on Wednesday. The flash composite output index declined to a 33-month low of 47.0 in August from 48.6 in July, the purchasing managers' survey showed.
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Mallinckrodt Inks RSA To Initiate Voluntary Prepackaged Chapter 11 Proceedings

Mallinckrodt Inks RSA To Initiate Voluntary Prepackaged Chapter 11 Proceedings

Specialty pharmaceutical company Mallinckrodt plc (MNK) announced Wednesday it has entered into a Restructuring Support Agreement or RSA, with a substantial majority of each of the Company's first and second lien debtholders and the Opioid Master Disbursement Trust II on the terms of a comprehensive financial restructuring plan.
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Euro Falls On ECB Pause Hopes After Weak Eurozone, German PMIs

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 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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