Forex News
Swiss Market Ends Modestly Higher On Late Buying
Despite spending much of the day's session in the red, the Switzerland stock market ended modestly higher on Friday thanks to some selective buying at a few counters in the final hour.
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1 day ago
European Stocks End On Mixed Note After Choppy Session
European stocks ended on a mixed note on Friday after a somewhat choppy session with investors looking for directional clues and making largely cautious moves amid persisting worries about rate hikes and a possible recession.
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1 day ago
U.S. Dollar Higher On Growth Concerns
The U.S. dollar moved up against its major counterparts in the European session on Friday, as European stocks fell on growing worries about a recession in the wake of a faster policy tightening by major central banks to curb soaring inflation.
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1 day ago
U.S. Construction Spending Unexpectedly Edges Down 0.1% In May
Reflecting a decrease in spending on public construction, the Commerce Department released a report on Friday showing an unexpected dip in U.S. construction spending in the month of May. The report showed construction spending edged down by 0.1 percent to an annual rate of $1.780 trillion in May after climbing by 0.8 percent to an upwardly revised rate of $1.783 trillion in April.
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1 day ago
U.S. Manufacturing Index Drops To Two-Year Low In June
The Institute for Supply Management released a report on Friday showing its reading on U.S. manufacturing activity fell to its lowest level in two years in the month of June. The ISM said its manufacturing PMI slid to 53.0 in June from 56.1 in May, although a reading above 50 still indicates growth in the sector. Economists had expected the index to dip to 54.9.
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1 day ago
Eurozone Inflation Reaches New Record High
Eurozone inflation accelerated further to a new record high in June, while core inflation unexpectedly moderated due to the fiscal support measures to contain energy prices, official data showed Friday. The harmonized index of consumer prices advanced more-than-expected by 8.6 percent on a yearly basis in June, faster than the 8.1 percent rise in May, flash data from Eurostat showed on Friday.
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1 day ago
Eurozone Manufacturing Growth Weakest In Nearly 2 Years
The eurozone manufacturing activity grew at the weakest pace in nearly two years in June on weaker production and new orders, final data from S&P Global showed Friday.
The manufacturing Purchasing Managers' Index fell to a 22-month low of 52.1 in June from 54.6 in May. The flash score was 52.0. The headline figure dropped for the fifth consecutive month in June.
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1 day ago
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Teva Pharmaceutical Appoints Eric Hughes As Chief Medical Officer
Teva Pharmaceutical Industries Ltd. (TEVA) announced Friday the appointment of Dr. Eric Hughes, MD, PhD as Executive Vice President, Global R&D and Chief Medical Officer. Hughes will begin his employment on August 1, 2022, and will be based out of Teva's U.S. headquarters in Parsippany, New Jersey.
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1 day ago
Bay Street Seen Opening On Cautious Note
Lower U.S. and Canadian futures and choppy European stocks point to a cautious start on Bay Street Friday morning.
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2 days ago
Endo Int'l Reports Top-line Results From Phase 2 Study Of CCH For Adhesive Capsulitis Of Shoulder
Pharmaceutical company Endo International plc (ENDP) announced Friday top-line results from its Phase 2 study of Collagenase Clostridium Histolyticum (CCH) in participants with adhesive capsulitis (AC) of the shoulder, commonly known as "frozen shoulder."
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2 days ago
Regeneron Completes Acquiring Sanofi's Stake In Libtayo
Regeneron Pharmaceuticals, Inc. (REGN) announced Friday that it has completed the acquisition of French drug major Sanofi's (SNYNF, SNY) stake in Libtayo (cemiplimab), providing Regeneron with exclusive worldwide development, commercialization, and manufacturing rights to the medicine originally discovered in Regeneron's laboratories. The intent to purchase Libtayo was announced on June 2, 2022.
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2 days ago
UK Manufacturing Activity Growth Weakens In June
The UK manufacturing sector expanded at a much slower pace in June as output growth grind to a near- standstill pace and new work intake contracted for the first time in more than a year, final data from the S&P Global showed on Friday. The Chartered Institute of Procurement & Supply final factory Purchasing Managers' Index fell to a two-year low of 52.8 in June from 54.6 in May.
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2 days ago
Nektar Therapeutics Promotes Chief Accounting Officer Jillian Thomsen To CFO
Nektar Therapeutics (NKTR) announced Friday the promotion of Jillian Thomsen to Senior Vice President (SVP) & Chief Financial Officer. Thomsen has served as SVP, Finance & Chief Accounting Officer of Nektar since 2008, and is a key member of the Executive Committee.
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2 days ago
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