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Swiss Market Ends On Upbeat Note
The Switzerland stock market ended on an upbeat note on Thursday, thanks to positive global cues.
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European Stocks Close On Buoyant Note After ECB Policy Announcement
European stocks closed on a buoyant note on Thursday after the European Central Bank (ECB), which raised interest rate by 25 basis points today, signaled a pause in rate hikes as soon as September.
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ECB Hikes Rates Again As Lagarde Leaves Door Open For Pause Ahead
The European Central Bank raised its interest rates on Thursday, as expected, for the ninth policy session in a row citing the prospect of inflation in the euro area staying too high for too long, while the bank chief Christine Lagarde signaled that policymakers are having an open mind regarding future rate decisions, suggesting that a pause may be on the horizon.
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U.S. Pending Home Sales Unexpectedly Increase In June
A report released by the National Association of Realtors on Thursday unexpectedly showed a modest increase in pending home sales in the U.S. in the month of June. NAR said its pending home sales index rose by 0.3 percent to 76.8 in June after tumbling by 2.5 percent to a revised 76.6 in May.
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U.S. GDP Growth Unexpectedly Accelerates To 2.4% In Q2
U.S. economic growth unexpectedly accelerated in the second quarter of 2023, the Commerce Department revealed in a preliminary report released on Thursday. The report said real gross domestic product surged by 2.4 percent in the second quarter after jumping by 2.0 percent in the first quarter. Economists had expected the pace of GDP growth to slow to 1.8 percent.
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U.S. Durable Goods Orders Spike 4.7% In June Amid Continued Surge In Aircraft Demand
New orders for U.S. manufactured durable goods soared by much more than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders shot up by 4.7 percent in June after surging by an upwardly revised 2.0 percent in May.
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SIA Group Q1 Profit Surges
SIA Group Ltd. reported that its first-quarter net profit soared 98.4 percent to S$734 million from S$370 million in the prior-year quarter. This was primarily driven by robust demand for air travel through the mid-year school holidays and the start of the summer travel season.
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more news
U.S. Weekly Jobless Claims Unexpectedly Dip To Five-Month Low
The Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended July 22nd. The report said initial jobless claims slipped to 221,000, a decrease of 7,000 from the previous week's unrevised level of 228,000. Economists had expected jobless claims to inch up to 235,000.
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S&P Global Reiterates FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, data giant S&P Global, Inc. (SPGI) reiterated its earnings, adjusted pro forma earnings and adjusted pro forma revenue growth guidance for the full-year 2023.
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Reliance Steel Q2 Results Miss Estimates; Guides Q3 Adj EPS In Line With View
While reporting financial results for the second quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the third quarter in a range of $4.90 to $5.10 per share, as the company expects its average selling price per ton sold for the quarter to be down 2 to 5 percent.
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HCA Healthcare Boosts FY23 Outlook; Declares Dividend - Update
While reporting financial results for the second quarter on Thursday, healthcare provider HCA Healthcare, Inc. (HCA) raised its earnings and revenue guidance for the full-year 2023.
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U.S. GDP Growth Unexpectedly Accelerates In Q2
U.S. economic growth unexpectedly accelerated in the second quarter of 2023, the Commerce Department revealed in a preliminary report released on Thursday.
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U.S. Durable Goods Orders Surge Much More Than Expected In June
New orders for U.S. manufactured durable goods orders soared by much more than expected in the month of June, according to a report released by the Commerce Department on Thursday.
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