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UK Consumer Credit Growth Fastest Since 2019, Mortgage Approvals Fall
UK consumer borrowing increased the most in more than three years in June suggesting that households are relying more on credit amid the cost of living crisis and mortgage approvals declined more than expected as the rising interest rate weigh on the property market.
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697 дней спустя
P&G Q4 Profit Up 5%, But Misses View; Provides Weak Outlook
Consumer goods giant Procter & Gamble reported on Friday that profit for the fourth quarter increased five percent from last year, driven by net sales growth and lower expenses. Earnings per share for the quarter missed analysts' estimates, but quarterly topped it by a whisker. Looking ahead, the company initiated earnings and sales growth guidance for the full-year 2023, below expectations.
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697 дней спустя
Earnings Drive FTSE-100 Higher
Stocks in the U.K. hit a 7-week high of 7402 amidst strong earnings updates from the corporate sector.
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697 дней спустя
Sensex, Nifty Extend Gains To 3rd Straight Day As Stocks Rally On Strong Earnings
Indian shares turned in a fine performance on Friday, extending their gains to a third straight day, and the key indices Sensex and the Nifty posted gains for a second successive week.
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697 дней спустя
Eurozone GDP Growth Improves In Q2
The euro area logged a faster growth in the second quarter as France, Italy and Spain fared well despite deepening energy crisis and high inflation, while Germany failed to gain momentum, official data showed Friday. Gross domestic product grew 0.7 percent on a quarterly basis, following the first quarter's 0.5 percent expansion, preliminary flash estimate from Eurostat revealed.
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697 дней спустя
Barnes Group Slashes FY22 Outlook As Q2 Revenues Miss Estimates
While reporting financial for the second quarter on Friday, Barnes Group, Inc. (B), a provider of highly engineered products, slashed its adjusted earnings and organic sales growth guidance for the full-year 2022.
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697 дней спустя
CAC-40 Climbs On Growth And Earnings Boost
CAC-40 is trading more than a percent higher on Friday as upbeat earnings updates and a more than expected GDP growth helped reinforce market sentiment.
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697 дней спустя
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DAX Firm Amidst Fresh Growth, Inflation Readings
The German stock market benchmark DAX remained firm amidst a slew of data releases that revealed the latest position in respect of GDP growth, inflation, unemployment etc. in the region as well as in the larger Eurozone.
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697 дней спустя
German Economy Stagnates In Q2
The German economy stagnated in the second quarter as growth in household and government spending was offset by the weaker foreign trade, official data showed on Friday. Gross domestic product remained flat in the second quarter, following a revised growth of 0.8 percent in the preceding quarter, Destatis reported.
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697 дней спустя
China Fears Drag Asian Stocks
Asian stocks finished mixed as fresh concerns over economic growth in China eclipsed positive sentiments triggered by the earnings season as well as potential pause or slowdown by the Fed. Hong Kong's Hang Seng declined more than 2 percent as tech stocks and real estate stocks were under pressure.
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697 дней спустя
Japanese Yen Advances On Recession Concerns
The Japanese yen was higher against its major counterparts in the Asian session on Friday, as recession fears intensified following a data showing a contraction in U.S. economic growth for a second straight quarter.
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697 дней спустя
France GDP Rebounds More Than Expected In Q2
The French economy rebounded more than expected in the second quarter driven by foreign demand and investment, the first estimate published by the statistical office Insee showed on Friday. Gross domestic product grew 0.5 percent in the second quarter from the preceding quarter, when the economy shrank 0.2 percent. GDP was forecast to grow 0.2 percent.
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697 дней спустя
European Stocks Seen Opening Firm
European stock markets are expected to open on a positive note on Friday amidst data that showed the U.S. economy contracting by 0.90 percent in the second quarter, that triggered both fears of a recession as a well as hopes of a slowdown in the Fed's rate hiking spree. Sentiment would also be influenced by the earnings updates and economic data releases due later in the day.
RTTNews
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697 дней спустя
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