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Indian Rupee Hits 8-day High Against U.S. Dollar
The Indian rupee advanced against the U.S. dollar in evening deals on Tuesday, as the latter fell ahead of Fed Chair Jerome Powell's speech at the Jackson Hole Symposium later this week.
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Coty Guides FY24 Adj. EPS A Tad Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, Coty Inc. (COTY) initiated its adjusted earnings guidance for the full-year 2024, a tad below analysts' estimates.
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Sensex, Nifty Fail To Hold Gains, End Flat
After losing ground in the previous two sessions, Indian shares rebounded on Tuesday, but despite a fairly good spell in positive territory, pared its gains past mid afternoon and eventually ended the day's session roughly flat.
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DAX Gains On Tech Sector Sentiment
Positive sentiment for the technology sector ahead of the earnings update by Nvidia pushed the DAX index higher in Tuesday's trade.
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Asian Stocks Gain As Sentiment Improves
Asian markets finished trading on a positive note, rebounding from the levels on Monday. Benchmarks in China and Hong Kong finished with decent gains, helped by the strength of the tech sector.
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SoftBank Chip Unit Arm Files For US IPO
Chip designer Arm, owned by Japan's SoftBank, has filed for an initial public offering in the United States. The proposed IPO on the Nasdaq exchange is expected to be one of the largest listing in recent years. The UK-based company revealed the IPO information in a filing with the U.S. Securities And Exchange Commission, while a prospective share price is yet to be listed.
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U.S. Dollar Extends Fall As Investors Await Fed Chair Powell Speech
The U.S. dollar extended its weakness against its major counterparts in the Asian session on Tuesday, as investor sentiment rose awaiting U.S. Fed Chair Jerome Powell's speech at the Jackson Hole Symposium due later this week for more clues about the economy and interest-rate outlook.
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more news
European Markets Seen Opening Positive
Markets in Europe are expected to open on a positive note on Tuesday despite worries about the future of monetary policy in the region as well as in the U.S.
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Sensex, Nifty Up Marginally In Lackluster Trade
Indian shares are turning in a mixed performance in lackluster trade Tuesday morning with investors making cautious moves amid a lack of triggers.
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FDA Approves Pfizer's Abrysvo For Pregnant Individuals To Prevent RSV In Infants
The U.S. Food and Drug Administration announced the approval of Pfizer Inc.'s Abrysvo (Respiratory Syncytial Virus Vaccine) for use in pregnant individuals to prevent respiratory syncytial virus or RSV in infants. It is the first vaccine approval for use in pregnant individuals to prevent lower respiratory tract disease or LRTD and severe LRTD caused by RSV in infants from birth through 6 months..
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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European Economic News Preview: UK Public Sector Finance Data Due
Public sector finances from the UK and the current account from the euro area are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance figures for July. The budget deficit is forecast to narrow to GBP 17.03 billion in July from GBP 17.67 billion in June.
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Asian Markets Trading Mostly Higher
Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from global markets overnight, as traders remain largely cautious, awaiting US Fed Chair Jerome Powell's speech at the Jackson Hole Symposium due later this week for more clues about the economy and interest-rate outlook. Bargain hunting also continued after heavy selling in the previous week.
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