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Berita Valas
European Stocks Close On Bright Note On Encouraging Economic Data
European stocks closed on a bright note on Friday, buoyed by easing inflation in the U.S. and Eurozone, encouraging manufacturing data from the Eurozone and the U.S., and better-than-expected manufacturing activity report from China.
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623 days ago
Canadian Stocks Recover After Weak Start, Moderately Higher At Noon
Canadian market is up firmly in positive territory at noon on Friday with investors digesting the data showing a notable increase in employment in November, and reacting positively to earnings updates from Bank of Montreal and National Bank of Canada.
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623 days ago
Fed Chair Jerome Powell Calls Rate Cut Speculation 'Premature'
While forecasts suggest the U.S. central bank could start cutting interest rates as soon as March, Federal Reserve Chair Jerome Powell called such speculation "premature" during remarks on Friday. Powell acknowledged recent signs of slowing price growth but said the Fed is committed to keeping monetary policy restrictive until officials are confident inflation is on a path to 2 percent.
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623 days ago
U.S. Construction Spending Climbs More Than Expected In October
Construction spending in the U.S. rose by more than expected in the month of October, according to a report released by the Commerce Department on Friday, although the report also showed a downward revision to the increase in construction spending in September.
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623 days ago
U.S. Manufacturing Index Indicates Continued Contraction In November
The Institute for Supply Management released a report on Friday showing a continued contraction in U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI came in at 46.7 in November, unchanged from October, with a reading below 50 indicating a contraction. Economists had expected the index to inch up to 47.6.
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623 days ago
AIG Prices Secondary Offering Of Corebridge Financial Common Stock At $20.50/shr
American International Group, Inc. (AIG) announced Friday it has priced the secondary offering of Corebridge Financial, Inc. (CRBG) common stock at $20.50 per share. The offering is expected to close on December 5, 2023, subject to customary closing conditions.
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623 days ago
Hyundai Motor America November Total Sales Up 11%
Hyundai Motor America reported Friday that it sold a total of 70,079 units in the month of November, up 11 percent from last year's 63,305 units, driven by best ever November retail and total sales records for IONIQ 5, Santa Fe, Santa Fe HEV, Tucson PHEV, and Palisade.
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623 days ago
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Pound Climbs Against Majors
The pound firmed against its major counterparts in the European session on Friday, as Bank of England policy maker Megan Greene pushed back against market bets on interest rate cuts in 2024.
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623 days ago
Eurozone Factory Sector Downturn Slows
Euro area manufacturing sector remained in the contraction zone but deterioration in production and orders slowed, survey results from S&P Global showed on Friday. The final HCOB manufacturing Purchasing Managers' Index posted 44.2 in November, up from 43.1 in October. This was the highest since May and above the flash estimate of 43.8.
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623 days ago
Canadian Market Seen Opening On Subdued Note; Canadian Jobs Data, Earnings In Focus
While sluggish commodity prices and weak U.S. futures point to a subdued start for the Canadian market, Canadian employment data, and earnings updates from major banks are likely to determine the mood on Bay Street Friday morning.
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623 days ago
Swiss Economy Recovers In Q3
Switzerland's economy rebounded in the third quarter underpinned by exports and consumption, official data showed on Friday. Gross domestic product grew 0.3 percent sequentially, in contrast to the 0.1 percent fall in the previous three months, the State Secretariat for Economic Affairs said.
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623 days ago
Genesco Slashes FY24 Earnings Outlook As Q3 Results Miss Estimates
Specialty retailer Genesco, Inc. (GCO) on Friday reported that net income for the third quarter plunged to $6.54 million or $0.60 per share from $20.38 million or $1.65 per share in the prior-year quarter.
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623 days ago
AIG Sets Secondary Offering Of Upto 40.25 Mln Existing Shares Of Corebridge Financial Common Stock
American International Group, Inc. (AIG) announced Friday the launch of a secondary offering of Corebridge Financial, Inc. (CRBG) common stock.
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623 days ago
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