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Swiss Market Ends Slightly Up
The Switzerland stock market ended marginally up on Friday after moving in a very tight range with investors weighing quarterly earnings updates and the recent post monetary policy meeting comments by the Fed Chief Jerome Powell.
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1049 days ago
Solid Core Inflation Data Buoys U.S. Dollar
The U.S. dollar firmed against its major counterparts in the European session on Friday, as the Federal Reserve's preferred measure of core inflation accelerated in the month of June, sparking hopes that the central bank will continue its tightening cycle in the months ahead.
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1049 days ago
European Stocks Close Notably Higher On Earnings, Economic Data
European stocks closed higher on Friday, extending recent gains, riding on data showing an acceleration in euro zone economic growth in the second quarter, and some encouraging earnings updates.
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1049 days ago
U.S. Consumer Sentiment Rebounds Slightly More Than Initially Estimated
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for July was upwardly revised to 51.5 from the preliminary reading of 51.1. Economists had expected the index to be unrevised.
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1049 days ago
Chicago Business Barometer Drops More Than Expected In July
Growth in Chicago-area business activity slowed by much more than expected in the month of July, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer slid to 52.1 in July from 56.0 in June. While a reading above 50 still indicates growth, economists had expected the barometer to show a more modest dip to 55.0.
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1049 days ago
U.S. Personal Income Climbs 0.6% In June, Slightly More Than Expected
A report released by the Commerce Department on Friday showed personal income in the U.S. increased by slightly more than expected in the month of June. The Commerce Department said personal income climbed by 0.6 percent in June following an upwardly revised 0.6 percent advance in May.
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1049 days ago
Meridian Bioscience Gets FDA Re-authorization Of EUA For Revogene SARS-CoV-2 Molecular Assay
Diagnostic testing provider Meridian Bioscience, Inc. (VIVO) announced Friday that it received re-authorization of its Emergency Use Authorization (EUA) for the Revogene SARS-COV-2 molecular assay from the U.S. Food and Drug Administration (FDA).
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1049 days ago
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Omeros Says FDA Grants Orphan Drug Designation To MASP-3 Inhibitor OMS906
Omeros Corp (OMER) announced Friday that OMS906 has received orphan drug designation from the U.S. Food and Drug Administration (FDA) for the treatment of paroxysmal nocturnal hemoglobinuria (PNH).
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1049 days ago
Canadian Shares Seen Opening Higher
Canadian shares are likely to open higher on Friday, tracking positive cues from European markets and higher crude oil and bullion prices.
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1049 days ago
Imperial Oil Q2 Profit Soars
Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that second-quarter net income soared to C$2.41 billion or C$3.63 per share from C$366 million or C$0.50 per share in the prior-year quarter.
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1049 days ago
Wall Street Seen Opening On Firm Note
Higher U.S. futures and firm European markets thanks to some upbeat earnings announcements point to a positive start on Wall Street Friday morning.
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1049 days ago
AbbVie Confirms FY22 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Friday, biopharmaceutical company AbbVie Inc. (ABBV) confirmed its adjusted earnings guidance for the full-year 2022.
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1049 days ago
Eurozone Inflation Sets New High Raising Bets For Bigger ECB Hike Ahead
Eurozone consumer price inflation accelerated further in July to set a new high as prices of food rose at a faster pace, while energy price growth remained high despite easing, raising the prospect of a bigger interest rate hike from the European Central Bank in September.
Consumer price inflation climbed to a record 8.9 percent from 8.6 percent in June, preliminary data from Eurostat showed Friday. Economists had forecast the rate to remain unchanged.
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1049 days ago
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