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European Stocks Close Lower As Hot U.S. PPI Data Raises Interest Rate Concerns
European stocks closed weak on Friday after data showing hotter than expected U.S. producer price inflation in the month of July triggering speculation the Federal Reserve will likely keep interest rates higher for longer duration.
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652天前
U.S. Dollar Rises As Producer Prices Increase More Than Expected
The U.S. dollar rebounded against its most major counterparts in the New York session on Friday, as the nation's producer prices climbed slightly more than expected in July, prompting the Federal Reserve to maintain a tighter monetary policy for longer.
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652天前
U.S. Consumer Sentiment Pulls Back Slightly In August
After reporting a surge in U.S. consumer sentiment in the previous month, the University of Michigan released preliminary data on Friday showing a slight pullback in consumer sentiment in the month of August.
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652天前
FC Barcelona Set To List Merged Media Arm On Nasdaq Via SPAC Deal
Spanish soccer club FC Barcelona is set to merge its digital Barça Vision and audiovisual content units under the brand "Barca Media" and list this media arm as a publicly listed company on the Nasdaq through a business combination deal with Mountain & Co. I Acquisition Corp (MCAA), a publicly traded special purpose acquisition company or SPAC.
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652天前
U.S. Producer Prices Rise 0.3% In July, Slightly More Than Expected
Partly reflecting an increase in prices for services, the Labor Department released a report on Friday showing U.S. producer prices climbed by slightly more than expected in the month of July. The Labor Department said its producer price index for final demand rose by 0.3 percent in July following a revised unchanged reading in June.
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652天前
U.S. Producer Prices Rise Slightly More Than Expected In July
Partly reflecting an increase in prices for services, the Labor Department released a report on Friday showing U.S. producer prices climbed by slightly more than expected in the month of July.
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652天前
Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a somewhat mixed note on Friday, tracking weak European stocks and slightly higher oil and gold prices.
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652天前
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Sensex, Nifty End Lower In Cautious Trade
Indian shares closed Friday's session lower as initial optimism over tame U.S. CPI data fizzled out, following hawkish comments from a Federal Reserve official.
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652天前
Dunkin' To Unveil Spiked Coffee And Tea Drinks
Dunkin' Donuts is introducing a collection of new spiked iced coffee and tea beverages. Dunkin' Spiked reportedly received label approval in May from the Alcohol and Tobacco Tax and Trade Bureau or TTB. A launch date of the product is yet to be announced. As per the company website, Dunkin' Spiked offers four flavors of iced drinks with alcohol in both coffee and tea.
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652天前
European Shares Decline On Growth Worries
European stocks fell on Friday as initial optimism over tame U.S. CPI data fizzled out, following hawkish comments from a Federal Reserve official.
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652天前
FTSE 100 Slides As Commodity Shares Drag
U.K. stocks traded lower on Friday, as commodity prices fell against a firmer dollar.
The benchmark FTSE 100 was down 70 points, or 0.9 percent, at 7,548 despite stronger-than-expected GDP data.
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652天前
Pound Rises On Better-than-expected UK GDP Data
The British pound strengthened against other major currencies in the early European session Friday, after data showed that the U.K. economy logged a surprise growth in the second quarter.
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652天前
CAC 40 Tumbles On China Concerns
French stocks traded sharply lower on Friday as investors reacted to hawkish remarks from a Fed official and a profit warning from China's biggest property developer, Country Garden.
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652天前
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