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U.S. Producer Price Index Jumps More Than Expected In June
A report released by the Labor Department on Thursday showed U.S. producer prices increased by more than expected in the month of June. The Labor Department said its producer price index for final demand jumped by 1.1 percent in June after climbing by an upwardly revised 0.9 percent in May.
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1124 days ago
Bay Street Likely To Open On Negative Note
Sharply lower commodity prices and weak European markets point to a negative start for the Canadian market on Thursday.
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1124 days ago
Conagra Brands Guides FY23 Adj. EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) initiated its adjusted earnings and organic net sales growth guidance for the full-year 2023.
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1124 days ago
EU Downgrades Eurozone Growth Outlook; Raises Inflation Projections
The European Commission downgraded the eurozone economic outlook and inflation projections, citing the shocks unleashed by the war in Ukraine, deceleration of growth in the US and the impact of strict zero-COVID policy in China. In the latest Summer economic forecast, released Thursday, the EU trimmed its growth outlook for this year slightly to 2.6 percent from 2.7 percent.
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1124 days ago
JPMorgan Q2 Profit Down 28%; Results Miss Estimates
US investment bank JPMorgan Chase & Co. reported Thursday a profit for the second quarter that declined 28 percent from last year, hurt primarily by higher noninterest expense and a hefty net credit reserve build. Both earnings per share and revenues for the quarter missed analysts' expectations.
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1124 days ago
Singapore Central Bank Unexpectedly Tightens Monetary Policy
Singapore's central bank tightened its monetary policy for the third time this year to avoid inflationary pressures becoming more persistent. The Monetary Authority of Singapore on Thursday decided to re-centre the mid-point of the S$NEER policy band up to its prevailing level. There will be no change to the slope and width of the band.
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1124 days ago
Sensex, Nifty Give Up Early Gains
Indian shares gave up early gains to end lower on Thursday and the rupee crashed to a record low for a fourth straight session, as red-hot U.S. inflation data fueled expectations about even more aggressive Federal Reserve monetary tightening at the upcoming policy meeting on July 26-27.
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1124 days ago
more news
European Shares Decline On Inflation Worries
European stocks declined on Thursday, with recession worries and mixed earnings reports weighing on sentiment.
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1124 days ago
FTSE 100 Declines On Growth, Inflation Concerns
U.K. stocks fell notably on Thursday amid renewed worries about slowing economic growth and uncertainty over pervasive inflation.
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1124 days ago
CAC 40 Retreats On Recession Worries
French stocks tumbled on Thursday amid worries that steep interest-rate hikes could tip the world's largest economy into a recession.
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1124 days ago
DAX Slides On Rate Hike Worries
German stocks declined on Thursday amid fears that accelerating U.S. inflation could once again elicit aggressive monetary policy response from the Federal Reserve, with some economists calling for a 100-basis point rate hike.
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1124 days ago
Asian Shares Mixed In Cautious Trade After US Inflation Data
Asian stocks ended mixed on Thursday as a record-setting U.S. inflation report kept pressure on the U.S. central bank to further tighten monetary policy aggressively at its upcoming policy meetings.
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1124 days ago
U.S. Dollar Higher On Prospects Of Larger Fed Rate Hike
The U.S. dollar spiked up against its major counterparts in the Asian session on Thursday, as red-hot U.S. inflation data fuelled expectations about even more aggressive Federal Reserve monetary tightening at the upcoming policy meeting on July 26-27.
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1124 days ago
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