Movado Group Q2 Net Profit Declines; Trims FY23 Net Sales Outlook

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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European Shares Inch Up Before Fed Decision; UK Inflation Holds Steady Ahead Of BoE Meeting

European stocks edged higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day.

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Asian Shares Mixed As Investors Await Fed Decision

Asian stocks ended mixed on Wednesday ahead of the Federal Reserve interest-rate decision later in the day, with a 25-bps rate cut already priced in.

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European Shares Seen Tad Higher Ahead Of Fed Decision

European stocks may open broadly higher on Wednesday as investors await the Federal Reserve's policy decision and cling to hope for progress in Sino-U.S. trade talks.

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Sensex, Nifty Open Higher On Trade Talk Optimism

Indian shares were modestly higher on Wednesday after India and the U.S. agreed to speed up talks on a bilateral trade.

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European Economic News Preview: UK Inflation Data Due

Consumer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK inflation data for August. Economists forecast consumer price inflation to remain unchanged at 3.8 percent.

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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,850 level, following the broadly negative cues from Wall Street overnight, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

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Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement.

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EURUSD	1.18458	GBPUSD	1.3651	AUDUSD	0.6673
USDJPY	146.301	USDCAD	1.37526	USDCHF	0.7865