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European Stocks Close Lower On Growth Worries
European stocks closed notably lower on Wednesday as concerns about interest rate hikes and economic slowdown and a potential recession later this year in the U.S., weighed on sentiment.
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833 days ago
U.S. Dollar Underperforms Against Majors
The U.S. dollar declined against its major counterparts in the European session on Wednesday, as better-than-expected earnings reports from tech giants Microsoft and Alphabet lifted risk sentiment.
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833 days ago
Global Demand For Electric Cars Booming In 2023
Global demand for electric cars is booming in 2023 with sales of the vehicles expected to grow by 35 percent this year to reach 14 million from the more than 10 million electric cars sold worldwide in 2022, according to the new edition of the International Energy Agency's annual Global Electric Vehicle Outlook.
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833 days ago
U.S. Durable Goods Orders Surge In March Amid Rebound In Aircraft Demand
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
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833 days ago
Boeing Q1 Loss Sharply Narrows, But Misses Estimates
Boeing Co. (BA) reported on Wednesday a loss for the first quarter that sharply narrowed from last year, reflecting a 28 percent revenue growth amid higher commercial volume. However, core loss per share came in below analysts' expectations, while quarterly revenues topped it.
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833 days ago
UK Blocks $69 Bln Microsoft-Activision Blizzard Deal
U.K.'s competition regulator has prevented the $68.7 billion deal by tech major Microsoft to buy game developer and publisher Activision Blizzard Inc. over concerns that it would alter the future of the fast-growing cloud gaming market. This is likely to lead to reduced innovation and less choice for UK gamers over the years to come, the regulator believes.
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833 days ago
U.S. Durable Goods Orders Surge Much More Than Expected In March
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
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833 days ago
more news
Bay Street Likely To Open With Positive Bias
The Canadian market may open with a positive bias on Wednesday, as technology shares are likely to see some buying after U.S. tech majors Microsoft and Alphabet reported stronger than expected quarterly earnings.
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833 days ago
Riksbank Raises Key Rate; Signals 25 Bps Hike Ahead
Sweden's central bank hiked its benchmark interest rate by half a percentage point on Wednesday in a bid to bring inflation down to the target and also signaled another increase of a quarter-point in June or September. The executive board of the Riksbank decided to raise the policy rate by 0.5 percentage points to 3.50 percent.
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833 days ago
French Consumer Confidence Improves Slightly In April
French consumer confidence improved for the first time in three months in April, as households' future saving capacity and financial situation increased amid a sharp easing in inflation expectations, survey results from the statistical office Insee showed Wednesday. The consumer sentiment index rose slightly to 83 in April from a revised 82 in March. The score was expected to fall to 81.
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833 days ago
German Consumer Morale To Brighten Up In May - GfK
Germany's consumer confidence will strengthen in May as households were more positive about their income prospects following higher expectations for wage growth amid slowing inflation. The consumer confidence index rose to -25.7 in May from a revised -29.3 in April, survey results from the market research group GfK showed Wednesday. The score was better than economists' forecast of -27.9.
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833 days ago
Masco Maintains FY23 Outlook; Appoints David Chaika Interim CFO - Update
While reporting financial results for the first quarter on Wednesday, Masco Corp. (MAS) maintained its earnings and adjusted earnings guidance for the full-year 2023.
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833 days ago
Avery Dennison Trims FY23 Outlook As Q1 Profit Declines
While reporting financial results for the first quarter on Wednesday, materials science company Avery Dennison Corp. (AVY) trimmed its adjusted earnings outlook for the full-year 2023.
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833 days ago
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