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Eurozone Private Sector Moves Closer To Stagnation
The euro area private sector growth moved close to stagnation after the brief growth revival in the spring, survey results from S&P Global showed on Friday. The composite output index fell to 50.3 in June from 52.8 in May. This was the lowest reading since January and also remained below economists' forecast of 52.5, suggesting a considerable loss of growth momentum.
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Abcam To Initiate Process To Explore Strategic Alternatives, Including Potential Sale
Abcam plc (ABCM), a supplier of life science research tools, announced Friday that its Board of Directors has unanimously decided to initiate a process to explore strategic alternatives for the Company after having listened to and extensively engaging with shareholders.
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Euro Lower As Eurozone Private Sector Activity Slows
The euro was subdued on Friday, as PMI readings from Germany and Eurozone missed expectations in June, intensifying concerns about a slowdown in the economic growth.
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Bay Street Seen Opening Lower
Lower futures and weak crude oil prices point to a negative start on Bay Street on Friday.
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3M To Pay $10.3 Bln To Settle PFAS Claims; Sees Hefty Charge In Q2
3M Co. announced that it has reached an agreement to pay up to $10.3 billion over 13 years to settle lawsuits over hazardous chemical contaminated water supplies in the United States. The company expects to record a pre-tax charge of around $10.3 billion in the second quarter of 2023. In pre-market activity on the NYSE, 3M shares were gaining around 3.9 percent to trade at $104.35.
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Sensex, Nifty Extend Loses As Global Growth Worries Weigh
Indian shares ended lower for a second consecutive session on Friday, as a spate of rate hikes from policymakers in England, Norway and Switzerland pushed up global bond yields and spurred risk aversion.
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SEC Fines JPMorgan For Mistakenly Deleting 47 Mln Records
The Securities and Exchange Commission fined JPMorgan Chase of $4 million for accidently deleting about 47 million electronic records which were requested by subpoenas in several investigations. As per the SEC order against J. P. Morgan Securities LLC, the banking major's broker-dealer unit, it was accused that the bank failed to preserve electronic records as required.
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European Shares Subdued As Eurozone Business Activity Slows
European stocks were subdued on Friday as investors react to mixed economic data from the region.
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782 hari yang lalu
FTSE 100 Off Day's Lows As Retail Sales Log Unexpected Growth
U.K. stocks were subdued on Friday, as inflation and interest-rate worries overshadowed upbeat retail sales data for May.
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782 hari yang lalu
CAC 40 Extends Losses On Rate Worries
French stocks inched lower on Friday amid lingering worries about inflation and rising interest rates.
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782 hari yang lalu
DAX Slips On Growth Concerns
German stocks traded lower on Friday after data showed the country's business activity slowed notably this month due to a combination of a slower rise in service sector business activity and a deepening downturn in manufacturing output.
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Asian Shares Decline On Rate Hike, Growth Fears
Asian stocks drifted lower on Friday as a spate of rate hikes from policymakers in England, Norway and Switzerland pushed up global bond yields and revived fears of an imminent recession.
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782 hari yang lalu
UK Retail Sales Log Unexpected Growth In May
UK retail sales logged an unexpected growth in May as bank holidays and warm weather boosted demand for outdoor-related goods and summer clothing. Despite high inflation, British consumer confidence rose for the fifth consecutive month in June to hit a 17-month high, a closely watched survey revealed Friday.
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782 hari yang lalu
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