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European Stocks Close Broadly Higher After Cautious Session
European stocks closed broadly higher on Thursday, with investors reacting positively to some fairly strong economic data from the region.
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Canadian Market Remains Positive; Energy, Financials Shares Rise
The Canadian market is up in positive territory around noon on Thursday, riding on strong gains in energy, financials and healthcare sectors.
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Euro Falls In Cautious Trade
The euro was lower against its major counterparts in the European session on Thursday, amid an energy crisis in the euro area and investors awaited U.S. Federal Reserve chair Jerome Powell's speech at the Jackson Hole economic symposium on Friday.
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Abercrombie & Fitch, Dollar Tree Q2 Revenues Miss Estimates; Both Slash Outlook
U.S. retailers Abercrombie & Fitch Co. and Dollar Tree Inc. on Thursday reported results for the second quarter, with results at Abercrombie & Fitch missing analysts' estimates, while earnings at Dollar Tree surpassed analysts' expectations by a penny, but quarterly revenues missed them. Both Abercrombie & Fitch and Dollar Tree slashed their respective guidance for the full-year 2022.
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Citigroup Sees $170 Mln In Costs Over Next 18 Months On Russia Exit
Citigroup Inc. (C) announced Thursday that it has decided to wind down its consumer banking and local commercial banking operations in Russia.
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Bay Street Looks Set To Open On Positive Note
Canadian shares look headed for a positive start Thursday morning, tracking higher commodity prices.
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Dollar Tree Appoints Jeffrey Davis To Succeed Kevin Wampler As CFO
Dollar Tree, Inc. (DLTR) announced Thursday that Jeffrey Davis will be joining the organization as the new Chief Financial Officer.
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Hain Celestial Q4 Net Profit Plunges
Organic and natural products company Hain Celestial Group, Inc. (HAIN) on Thursday reported that net income for the fourth quarter plunged to $3.04 million or $0.03 per share from $40.49 million or $0.40 per share in the prior-year quarter.
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Euro Little Changed After ECB Minutes
The European Central Bank has published the accounts of the monetary policy meeting of the governing council held on July 20 and 21. After the release, the euro changed little against its major counterparts.
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Euro Mixed Ahead Of ECB Minutes
At 7:30 am ET Thursday, the European Central Bank releases the accounts of the monetary policy meeting of the governing council held on July 20 and 21. Ahead of the release, the euro traded mixed against its major counterparts. While it held steady against the franc, it dropped against the rest of major rivals.
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Movado Group Q2 Net Profit Rises; Trims FY23 Net Sales Outlook
Luxury watch maker Movado Group, Inc. (MOV) reported Thursday that net income attributable to Movado for the second quarter grew to $24.0 million or $1.05 per share from $19.41 million or $0.82 per share in the prior-year quarter.
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Indian Shares Reverse Early Gains Amid F&O Expiry
Indian shares reversed early gains to end lower on Thursday, with rising oil prices and caution ahead of Federal Reserve Chairman Jerome Powell's speech Friday at the Jackson Hole economic conference weighing on sentiment.
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German Business Confidence Fall For Third Straight Month
Germany's business confidence weakened for the third straight month in August to the lowest since mid-2020, signaling possibility of a recession, survey results from the ifo Institute showed Thursday. The business climate index fell slightly to 88.5 points in August from 88.7 points in July. This was the lowest score since June 2020 but well above economists' forecast of 86.8.
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