DAX Climbs As Business Activity Returns To Growth
(RTTNews) - German stocks climbed on Tuesday after a preliminary survey showed private sector activity in the country unexpectedly returned to growth in April as the services sector outperformed.
The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 50.5 from 47.7 in March - clinching a ten-month high.
Expectations of interest rate cuts by the European Central Bank and the Bank of England also helped underpin investor sentiment.
The benchmark DAX was up 125 points, or 0.7 percent, at 17,985 after rising 0.7 percent in the previous session.
SAP AG shares surged 4 percent. The software maker reaffirmed its outlook for 2024 after Q! cloud revenue increased 24 percent to 3.93 billion euro.
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TELUS To Invest $24 Bln To Enhance Network In Ontario Over Next Five Years
Telecom company TELUS Corp. (TU) announced Tuesday it will invest $24 billion to significantly expand and improve its network infrastructure and operations across Ontario over the next five years.
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6h 16menit yang lalu
CareCloud Promotes Crystal Williams To COO
CareCloud, Inc. (CCLD), a healthcare technology solutions provider, announced Tuesday the promotion of Crystal Williams as its new chief operating officer with the goal of further streamlining operations and supporting the Company's achievement of its profitability and free cash flow objectives.
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6h 51menit yang lalu
Lowe's Q1 Earnings Down, But Beat Market; Backs FY24 View; Stock Up
Home improvement major Lowe's Companies, Inc. on Tuesday maintained its fiscal 2024 earnings and sales outlook after reporting weak results in its first quarter. However, the quarterly earnings per share were above market estimates. In pre-market activity on the NYSE, Lowe's shares were gaining around 3.1 percent...
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6h 51menit yang lalu
Alvotech Partners Dr. Reddy's To Bring AVT03 Biosimilar To Prolia & Xgeva To U.S., Europe, And U.K
Biotech company Alvotech (ALVO) and Dr. Reddy's Laboratories SA, wholly-owned subsidiary of Dr. Reddy's Laboratories Ltd. (RDY), announced Tuesday that the companies have entered into a license and supply agreement for the commercialization of AVT03, Alvotech's biosimilar candidate to Prolia and Xgeva (denosumab).
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7h 6menit yang lalu
Bay Street Likely To Open Lower; Inflation Data In Focus
Canadian shares may open with a negative bias Tuesday morning, tracking weak global markets, and lower commodity prices. Canadian inflation data is likely to make a significant impact on sentiment.
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7h 10menit yang lalu
Citius Pharma Announce Positive Topline Results For Pivotal Phase 3 Clinical Trial Of Mino-Lok
Biopharmaceutical company Citius Pharmaceuticals, Inc. (CTXR) announced Tuesday positive topline results of its pivotal Phase 3 clinical trial of Mino-Lok, a novel antibiotic lock solution designed to salvage catheters in patients with central line-associated infections (CLABSI) or catheter-related bloodstream infections (CRBSI).
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7h 53menit yang lalu
Lam Research Board Approves $10 Bln Share Buyback Authorization And 10-for-1 Stock Split
Lam Research Corp. (LRCX) announced Tuesday that its Board of Directors approved a $10 billion share repurchase authorization and a forward split of its outstanding shares of common stock at a ratio of 10:1.
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8h 15menit yang lalu
Sensex, Nifty End Narrowly Mixed After Choppy Session
Indian shares ended modestly lower on Tuesday after U.S. Federal Reserve officials tempered investor enthusiasm about potential interest-rate cuts
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9h 13menit yang lalu
