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U.S. Services Index Indicates Modestly Slower Growth In July
The Institute for Supply Management released a report on Thursday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of July. The ISM said its services PMI slipped to 52.7 in July from 53.9 in June, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.0.
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761天前
Bank Of England Lifts Rate By 25 Bps
The Bank of England raised its benchmark interest rate by a quarter point on Thursday, after a half percentage point hike last time, citing persistence of high inflation. In a three-way split, the nine-member Monetary Policy Committee decided to lift the bank rate to 5.25 percent, the highest since early 2008. This was the fourteenth consecutive rate hike.
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761天前
U.S. Weekly Jobless Claims Inch Up In Line With Estimates
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended July 29th. The Labor Department said initial jobless claims crept up to 227,000, an increase of 6,000 from the previous week's unrevised level of 221,000. The uptick in jobless claims matched economist estimates.
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761天前
Eurozone Private Sector Shrinks Most In 8 Months
Euro area private sector contracted the most in eight months in July due to the deepening downturn in manufacturing and a near-stalling of services output. The final HCOB composite output index fell to an eight-month low of 48.6 in July from 49.9 in June, S&P survey results showed Thursday. The flash score was 48.9.
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761天前
U.S. Labor Productivity Rebounds More Than Expected In Q2
Labor productivity in the U.S. rebounded by much more than expected in the second quarter of 2023, according to a report released by the Labor Department on Thursday.
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762天前
U.S. Weekly Jobless Claims Inch Up To 227,000
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended July 29th.
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762天前
Bay Street Seen Opening On Weak Note
Canadian shares are likely to open weak Thursday morning, tracking lower commodity prices and weakness in global markets amid lingering concerns about global economic slowdown.
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762天前
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Pound Falls After BoE Decision
As expected, the Bank of England raised its key rate by 25 basis points to 5.25 percent from 5 percent. Following the decision, the pound fell against its major counterparts.
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762天前
Euro Weakens On Growth Concerns
The euro fell against its most major counterparts in the European session on Thursday amid risk aversion, as Eurozone's Services PMI was finalized at a six-month low of 50.9 in July.
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762天前
German Exports Log Marginal Growth; Private Sector Shrinks
Germany's exports registered a marginal growth in June as global demand remained weak and imports declined the most in three months, official data revealed Thursday. Elsewhere, the Purchasing Managers' survey showed that the private sector contracted in July, after expanding for five straight months, on steeper decline in manufacturing activity.
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762天前
Sensex, Nifty Extend Losses Amid Global Selloff
Indian shares fell sharply on Thursday to extend losses from the previous session as worries about U.S. fiscal position spurred a broad risk aversion in global financial markets.
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762天前
Lufthansa Q2 Profit Surges, Specifies FY23 Adj. EBIT View, Warns On Capacity; Stock Down
Deutsche Lufthansa AG reported Thursday significantly higher profit in its second quarter with strong revenue growth amid ongoing demand growth in global air travel. Looking ahead for the third quarter, the German flag carrier expects adjusted EBIT to exceed the pre-crisis level of 1.3 billion euros in 2019. The firm also specified its adjusted EBIT forecast for fiscal 2023, which is in line with
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762天前
European Shares Decline As Growth Worries Mount
European stocks fell on Thursday to touch three-week lows after Eurozone's Services PMI was finalized at a six-month low of 50.9 in July.
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762天前
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