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Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Tuesday, with investors largely reacting to earnings updates and digesting latest Canadian and U.S. economic data.
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496 days ago
Powell Says Fed Needs To Be Patient As Confidence Inflation Is Slowing Dips
With inflation coming in hotter-than-expected during the first quarter, Federal Reserve Chair Jerome Powell said the central bank needs to be patient with regard to interest rates. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during remarks at the annual general meeting of the Foreign Bankers' Association in Amsterdam on Tuesday.
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496 days ago
U.S. Producer Price Growth Exceeds Estimates In April
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer prices to rise by 0.3 percent.
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496 days ago
IHS Holding Slips To Hefty Loss In Q1
IHS Holding Ltd. (IHS) reported Tuesday a net loss attributable to the company for the first quarter of $1.56 billion or $4.67 per share, compared to net income of $7.78 million or $0.03 per share in the prior-year quarter.
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496 days ago
U.S. Producer Prices Climb More Than Expected In April
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday.
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496 days ago
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a subdued note Tuesday morning with investors looking for directional clues. Data on U.S. producer price inflation may provide some clues about the outlook for interest rates. The focus will also be on U.S. consumer price inflation data and Fed Chair Jerome Powell's speech due later in the week.
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496 days ago
German ZEW Investor Confidence Improves More Than Expected
Investor sentiment in Germany grew for a tenth month and at a faster than expected pace in May to its highest level in over two years, on hopes of an interest rate cut by the European Central Bank in June and an increase in export demand from China, results of a survey revealed Tuesday. The ZEW Indicator of Economic Sentiment for Germany climbed to 47.1 from 42.9 in April.
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496 days ago
more news
Banco Santander Reveals Unauthorized Access To A Santander Database Hosted By Third-party Provider
Spanish Financial Group Banco Santander S.A. (BNC.L, BSBR, SAN) revealed in a statement on Tuesday that it has noticed an unauthorized access to a Santander database hosted by a third-party provider.
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496 days ago
Alibaba Q4 Net Profit Plunges, Misses Estimates
e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that net income attributable to ordinary shareholders for the fourth quarter plunged to 3.27 billion Chinese yuan or $453 million from last year's 23.52 billion yuan. Earnings per ADS were 1.30 yuan or $0.18, compared to 9.00 yuan a year ago.
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496 days ago
Pound Falls On Weak Employment Data
The British pound weakened against other major currencies in the European session on Tuesday, after data showed that the average earnings in the U.K. grew better than expected in March and the jobless rate rose slightly, while the fall in employment was less than expected and vacancies continued to decline, giving more evidence of a cooling labor market to Bank of England that is preparing to lower interest rates soon.
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496 days ago
Sensex Gains 328 Points; Nifty Tops 22,200
Indian shares rose on Tuesday after data showed India's retail inflation eased marginally to an 11-month low of 4.83 percent on an annual basis in April from 4.85 percent in the previous month.
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496 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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496 days ago
European Shares Mixed; London Stocks Rise After Jobs Data
European stocks traded mixed on Tuesday as investors exercised caution ahead of the release of U.S. inflation data that might influence the outlook for rates.
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496 days ago
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