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Dollar Weakens As Uptick In U.S. Jobless Rate Raises Hopes Of Moderate Rate Hike
The U.S. dollar dropped against its major counterparts in the European session on Friday, as the nation's jobless rate rose more than expected in October, raising the prospect of a slowdown in the pace of rate hikes in the coming months.
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vor 924 Tagen
U.S. Job Growth Exceeds Estimates In October, Unemployment Rate Edges Higher
Employment in the U.S. increased by more than expected in the month of October, according to a closely watched report released by the Labor Department on Friday. The report showed non-farm payroll employment jumped by 261,000 jobs in October after surging by an upwardly revised 315,000 jobs in September.
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vor 924 Tagen
American Axle Confirms Not Engaged In Any Discussions To Sell Company
Reacting to media speculation regarding the company on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) said in a statement that we are not engaged in any discussions to sell the company and that we are not otherwise for sale.
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vor 924 Tagen
U.S. Employment Jumps More Than Expected In October
Employment in the U.S. increased by more than expected in the month of October, according to a closely watched report released by the Labor Department on Friday.
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vor 924 Tagen
European Stocks Up Firmly In Positive Territory
European stocks are up sharply in positive territory a little past noon on Friday, building on early gains, as investors focus on earnings updates, shrugging off concerns about inflation and interest rates.
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vor 924 Tagen
Dollar Climbs Following U.S. Jobs Data
Following the release of U.S. nonfarm payrolls data for October at 8:30 am ET Friday, the greenback appreciated against its major counterparts.
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vor 924 Tagen
American Axle Trims FY22 Sales Outlook As Q3 Adj. EPS Miss Estimates; Stock Down 16%
While reporting financial results for the third quarter on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) trimmed its sales guidance for the full-year 2022.
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vor 924 Tagen
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Dollar Mixed Ahead Of U.S. Jobs Data
At 8:30 am ET Friday, the Labor Department will release U.S. nonfarm payrolls data for October.
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vor 924 Tagen
Bay Street Seen Opening On Firm Note
Canadian shares are likely to open on a firm note on Friday, tracking higher commodity prices and strong gains in European markets.
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vor 924 Tagen
Duke Energy Slashes FY22 Outlook As Q3 Adj. EPS Miss Estimates
Duke Energy Corp. reported on Friday that profit for the third quarter edged up from last year, driven by strong volumes in Electric Utilities and Infrastructure. Adjusted earnings per share missed analysts' expectations, while quarterly revenues topped it. The company also slashed it adjusted earnings outlook for the full-year 2022.
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vor 924 Tagen
Sentiment Strong At FTSE-100
FTSE 100 of the London Stock Exchange rallied more than a percent amidst hopes of a relaxation in China's zero covid strategy. Mining stocks led the gains amidst a surge in commodity prices. Markets also await the payrolls data from the U.S. to assess whether the job market situation would allow the Fed to continue the pace of rate hikes.
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vor 924 Tagen
Eurozone Private Sector Shrinks Most In Almost 2 Years
The euro area private sector contracted at the fastest pace in almost two years in October signaling that the currency bloc is sliding into a recession, final survey results from S&P Global showed on Friday. The final composite output index fell to 47.3 in October from 48.1 in September. The score was slightly above the flash 47.1. The latest reading was the lowest since November 2020.
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vor 924 Tagen
Sensex, Nifty Close On Positive Note
Despite spending much of the day's trading session in the red, the Indian stock market ended on a positive note on Friday with several frontline counters seeing some brisk buying in the final hour.
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vor 924 Tagen
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