Forex News

Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.
RTTNews | 780 days ago
Pound Slides Amid Weak PMI Data

Pound Slides Amid Weak PMI Data

The pound dropped against its major counterparts in the European session on Tuesday, following the release of weaker-than-expected private sector activity for May.
RTTNews | 780 days ago
Williams-Sonoma Q1 Adj. EPS Tops Estimates

Williams-Sonoma Q1 Adj. EPS Tops Estimates

Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Tuesday first-quarter net earnings of $156.53 million or $2.35 per share, down from $254.11 million or $3.50 per share in the prior-year quarter.
RTTNews | 780 days ago
UK Private Sector Logs Further Expansion In May

UK Private Sector Logs Further Expansion In May

The UK private sector continued to expand strongly in May, though the pace of growth eased from April's one-year high as the downturn in the manufacturing sector deepened, flash survey results from S&P Global showed on Tuesday. The flash Chartered Institute of Procurement & Supply composite output index dropped to a two-month low of 53.9 in May from 54.9 in April. The expected score was 54.6.
RTTNews | 780 days ago
Manufacturing Slump Damps Eurozone Private Sector Growth

Manufacturing Slump Damps Eurozone Private Sector Growth

Euro area private sector expanded for the fifth straight month in May but the pace of growth moderated due to a steep decline in the factory output amid a widening divergence in demand growth for goods and services, flash results of the purchasing managers' survey by S&P Global showed on Tuesday. The flash HCOB composite output index fell to a three-month low of 53.3 in May from 54.1 in April.
RTTNews | 780 days ago
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U.S. Dollar Higher On Debt Ceiling Worries, Rate Hopes

U.S. Dollar Higher On Debt Ceiling Worries, Rate Hopes

The U.S. dollar was higher against its major counterparts in the European session on Tuesday, on concerns over a standoff in debt ceiling talks between the White House and House Republicans and the prospect of interest rates staying higher for longer.
RTTNews | 780 days ago
UK Budget Deficit Exceeds Expectations On Energy Support, Debt Costs

UK Budget Deficit Exceeds Expectations On Energy Support, Debt Costs

The UK budget deficit increased more than expected in April on the additional costs of the energy support schemes, inflation-driven debt costs and increases in benefit payments. Public sector net borrowing excluding banks increased GBP 11.9 billion from the previous year to GBP 25.6 billion in April, the Office for National Statistics reported Monday.
RTTNews | 780 days ago
Sensex, Nifty Finish Marginally Higher On US Debt Deal Optimism

Sensex, Nifty Finish Marginally Higher On US Debt Deal Optimism

Indian shares rose for a third consecutive session on Tuesday, though overall gains remained capped by signs of increasing Sino-U.S. tensions, hawkish comments from Federal Reserve officials and uncertainty over raising of the U.S. debt ceiling.
RTTNews | 780 days ago
Singapore Inflation Rises Slightly To 5.7%

Singapore Inflation Rises Slightly To 5.7%

Singapore's consumer price inflation increased somewhat in April after easing to a 9-month low in March amid increased costs for services and private transport, while the core figure was unchanged, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Tuesday.
RTTNews | 780 days ago

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