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Canadian Shares Recover After Weak Start; Technology, Healthcare Stocks Shine
After opening on a negative note, tracking weak commodity prices, the Canadian market rebounded Tuesday morning, and is gaining in strength thanks to strong buying in healthcare, technology and consumer discretionary stocks.
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1037 hari yang lalu
U.S. Consumer Confidence Pulls Back Much More Than Expected In October
A report released by the Conference Board on Tuesday showed U.S. consumer confidence pulled back by much more than expected in the month of October. The Conference Board said its consumer confidence index slumped to 102.5 in October from a revised 107.8 in September. Economists had expected the index to dip to 106.0.
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1037 hari yang lalu
Australia Treasurer Unveils Budget Of Restraint
Australia's Treasurer Jim Chalmers unveiled a budget of "restraint" on Tuesday, promising relief from the rising cost of living without adding to inflation. Delivering the Labor Government's first Federal Budget on Parliament, Chalmers said his responsible approach to revenue upgrades and spending restraint means gross debt as a share of GDP remains lower than at the Pre-election Economic and F
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1037 hari yang lalu
German Ifo Business Confidence Lowest Since May 2020
Germany's business confidence dropped further in October to reach its lowest level in twenty-nine months as companies were less satisfied with their current business, and were more concerned about the future, survey results from the ifo Institute showed on Tuesday.
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1037 hari yang lalu
Canadian Dollar Weakens As Oil Prices Drop
The Canadian dollar dropped against its major counterparts in the European session on Tuesday amid falling oil prices, as weak economic data across the globe fuelled concerns that global demand may be faltering.
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1037 hari yang lalu
Wall Street Likely To Open Weak
Lower futures and weak commodity prices point to a negative start for stocks on Wall Street Tuesday morning.
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1037 hari yang lalu
Adidas Ends Partnership With Ye Immediately; Stock Down
German sports sneaker and apparel maker Adidas AG announced Tuesday that it terminated its partnership with American rapper Kanye West, who now goes by the name Ye, with immediate effect, citing his recent offensive behaviour. Adidas expects the decision to result in a short-term negative impact of up to 250 million euros on its fiscal 2022 net income due to the high seasonality.
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1037 hari yang lalu
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Bay Street Likely To Open On Negative Note
Canadian shares are likely to open weak on Tuesday, tracking lower crude oil and bullion prices. The mood is likely to remain cautious with investors looking ahead to the Bank of Canada's interest rate decision on Wednesday.
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1037 hari yang lalu
Moody's Slashes FY22 Outlook - Update
While reporting financial results for the third quarter on Tuesday, Moody's Corp. (MCO) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2022.
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1037 hari yang lalu
Raytheon Technologies Boosts FY22 Adj. EPS Outlook
While reporting financial results for the third quarter on Tuesday, aerospace and defense company Raytheon Technologies Corp. (RTX) raised its adjusted earnings outlook for the full-year 2022, while trimming annual revenue guidance.
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1037 hari yang lalu
3M Trims FY22 Outlook Range - Update
While reporting financial results for the third quarter on Tuesday, 3M Co. (MMM) trimmed its earnings, sales and organic sales growth outlook range for the full-year 2022, to reflect the continued strengthening of the U.S. dollar and the uncertain macroeconomic environment.
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1037 hari yang lalu
Sensex Drops 287 Points; Nifty Nears 17,650
Indian shares ended Tuesday's session on a sluggish note amid mixed global cues and ahead of a market holiday on Wednesday for Diwali celebrations.
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1038 hari yang lalu
Adidas Plans To End Partnership With Kanye West: Report
German sports sneaker and apparel maker Adidas AG plans to end its partnership with Kanye West citing recent offensive behaviour from the American rapper, Bloomberg News reported citing people familiar with the matter. Following the news, Adidas shares were losing around 4 percent in the morning trading in Germany.
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1038 hari yang lalu
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