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Berita Forex
Canadian Market Notably Lower At Noon
The Canadian market is down firmly in negative territory around noon on Monday with stocks from several sectors reeling under sustained selling pressure.
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U.S. Factory Orders Jump More Than Expected In October
New orders for U.S. manufactured goods jumped by more than expected in the month of October, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders shot up by 1.0 percent in October after rising by 0.3 percent in September. Economists had expected factory orders to increase by 0.7 percent.
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U.S. Services Index Unexpectedly Indicates Faster Growth In November
A report released by the Institute for Supply Management on Monday showed U.S. service sector activity unexpectedly grew at an accelerated rate in the in the month of November. The ISM said its services PMI climbed to 56.5 in November from 54.4 in October, with a reading above 50 indicating growth in the sector.
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Quo Vadis Dollar?
Last week, markets received the good news anticipated for long - a confirmation from Chair Jerome Powell that it made sense for the Fed to moderate the pace of its rate increases.
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Swiss Franc Climbs As Weak Eurozone Data Dampens Sentiment
The Swiss franc firmed against its major counterparts in the European session on Monday amid safe-haven status, as Eurozone business activity contracted for a fifth successive month in November, intensifying fears of a recession in the currency bloc.
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Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a mixed note on Monday, tracking weak European stocks, and the trend in commodity markets.
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UK In Recession As Services Fall Further Amid Cost Of Living Crisis
The UK service sector registered a moderate contraction in November as economic uncertainty and the cost of living crisis dampened discretionary spending, which in turn hurt demand, final survey data from S&P Global showed on Monday. Elsewhere, the Confederation of British Industry cautioned that the UK will see a lost decade if no action is taken. With rocketing inflation and negative growth, Br
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more news
Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group
Verizon Communications Inc. (VZ) announced Monday that Manon Brouillette, CEO of Verizon Consumer Group, has stepped down from the role she has held since January 2022.
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Ligand Pharma CEO John Higgins Retires; Todd Davis To Succeed Higgins As CEO
Ligand Pharmaceuticals Inc. (LGND) announced Monday that John Higgins has retired as Chief Executive Officer, effective as of today. Higgins will resign as a director of the company on December 31, 2022.
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Diffusion Board Urges Stockholders To Vote "FOR" Each Of Its Six Nominees For Director
Biopharmaceutical company Diffusion Pharmaceuticals Inc. (DFFN) said Monday in a letter to its stockholders that the Company's board of directors continue to take steps to unlock stockholder value through a strategic review process.
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Further Evidence Of Eurozone In Recession?
Separate data release on Monday painted a mixed picture for the euro area, but economists continued to assess that the single currency bloc is sliding into recession, as the European Central Bank prepares for another interest rate hike next week. The purchasing managers' survey by S&P Global showed that downturn in the euro area private sector extended for a fifth month in a row in November.
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HilleVax Reports Positive Immunogenicity Results For Phase 2b Trial For HIL-214
Biopharmaceutical company HilleVax, Inc. (HLVX) reported Monday positive results from a prespecified immunogenicity analysis of the 203 subjects enrolled in the run-in cohort of NEST-IN1 (Norovirus Efficacy and Safety Trial for INfants), the company's ongoing Phase 2b trial for HIL-214, its investigational virus-like particle (VLP) based vaccine candidate for the prevention of moderate-to-severe norovirus-related acute gastroenteritis (AGE) in infants.
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China Yuchai Says End-use Check Conducted On Subsidiary By U.S. Department Of Commerce
China Yuchai International Ltd. (CYD) provided on Monday an update that, further to the release on October 16, 2022, an end-use check has been conducted on its subsidiary, Guangxi Yuchai Machinery Co. Ltd. or GYMCL, by the U.S. Department of Commerce.
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