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U.S. Dollar Declines On Weak ADP Data; Fed Decision In Focus
The U.S. dollar fell against its major counterparts in the New York session on Wednesday, as the nation's private sector job growth slowed more than expected in January and investors awaited the Federal Reserve's policy decision for more signals on future rate hike path.
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935 days ago
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
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935 days ago
U.S. Manufacturing Index Indicates Continued Contraction In January
Activity in the U.S. manufacturing sector contracted for the third consecutive month in January, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its manufacturing PMI dipped to 47.4 in January from 48.4 in December, with a reading below 50 indicating a contraction. Economists had expected the index to edge down to 48.0.
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935 days ago
Illumina Confirms Joydeep Goswami As New CFO
Illumina, Inc. (ILMN), a DNA sequencing and array-based technologies firm, announced Wednesday that Joydeep Goswami has been appointed Chief Financial Officer, effective immediately.
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935 days ago
Hyundai Motor America January Total Sales Up 9%
Hyundai Motor America reported Wednesday that it sold a total of 52,001 units in the month of January, up 9 percent from last year's 47,872 units, driven by new January sales records for Venue, Elantra HEV, IONIQ 5, Santa Fe HEV, Elantra N, Palisade, Kona EV and Kona N. Hyundai fleet sales were 7.2% of total volume for the month.
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935 days ago
U.S. Private Sector Job Growth Slows More Than Expected In January
Private sector job growth slowed by more than expected in the month of January, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 106,000 jobs in January after surging by an upwardly revised 253,000 jobs in December.
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935 days ago
Italy Inflation Eases To 10.1% On Lower Energy Costs, Manufacturing Stabilizes
Italy's consumer price inflation eased notably at the start of the year, primarily due to a sharp reduction in the prices of regulated energy goods, preliminary data from the statistical office ISTAT showed on Wednesday. Separately, a results of the purchasing managers' survey by S&P Global showed that the Italian manufacturing economy showed signs of stabilization at the start of the year.
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935 days ago
more news
M/I Homes Q4 Profit Rises 15%, Revenue Up 16%
M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the fourth quarter increased to $130.40 million or $4.65 per share from $113.38 million or $3.83 per share in the prior-year quarter.
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935 days ago
Spain Manufacturing Contraction Softens In January
Spanish factory sector downturn eased at the start of the year as output and new orders fell at slower rates, indicating some tentative signs of market recovery, data released by S&P Global showed on Wednesday. The manufacturing Purchasing Managers' Index rose to 48.4 in January from 46.4 in December. Economists had forecast the reading to improve to 48.0.
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935 days ago
Taiwan Industrial Production Falls 7.93%, Retail Sales Growth At 4-Month High
Taiwan's industrial production declined for the fourth straight month in December, largely led by a sharp contraction in manufacturing output, preliminary data from the Ministry of Economic Affairs showed on Friday. Separate data showed that retail sales growth accelerated markedly at the end of the year.
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935 days ago
U.S. Private Sector Employment Increases Less Than Expected In January
Private sector job growth slowed by more than expected in the month of January, according to a report released by payroll processor ADP on Wednesday.
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935 days ago
Bay Street Likely To See Cautious Start
The Canadian market is likely to see a cautious start Wednesday morning with investors looking ahead to the Federal Reserve's interest rate decision.
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935 days ago
Eurozone Inflation Slows, Manufacturing Logs Mild Contraction
Euro area inflation eased to an eight-month low in January on slower growth in energy prices, and the unemployment rate remained unchanged at a lower level, data from Eurostat showed Wednesday. Elsewhere, a private survey said the factory downturn in the currency bloc slowed suggesting that the worst of the slump has passed.
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935 days ago
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