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New Zealand Services Sector Contracts Further In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.1.
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Singapore Trade Data Due On Monday
Singapore will on Monday release August figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity.
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U.S. Dollar Pulling Back Modestly Off Six-Month Highs
The value of the U.S. dollar is seeing modest weakness during trading on Friday, giving back ground following the advance seen on Thursday.
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Swiss Market Ends On Firm Note For 2nd Straight Day
The Switzerland stock market ended on a strong note on Friday amid optimism about the outlook for Chinese economy after encouraging retail sales and industrial sales data, and expectations that most central banks are nearing the end of rate-hiking cycle.
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European Stocks Close Higher On Encouraging China Data, ECB's Rate Hike Comments
European stocks closed on a firm note on Friday, extending gains from the previous session, as the European Central Bank signaled that Thursday's rate hike could be the last hike in the current cycle.
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U.S. Consumer Sentiment Deteriorates More Than Expected In September
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than expected in the month of September. The report said the consumer sentiment index fell to 67.7 in September from 69.5 in August. Economists had expected the index to edge down to 69.1.
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U.S. Dollar Appreciates Amid Strong Import And Export Prices
The U.S. dollar was higher against its most major counterparts in the European session on Friday, after data showed a bigger than expected increase in the nation's import and export prices for August.
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U.S. Industrial Production Climbs More Than Expected In August
The Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of August. The report said industrial production climbed by 0.4 percent in August following a downwardly revised 0.7 percent advance in July.
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New York Manufacturing Index Unexpectedly Indicates Modest Growth In September
A report released by the Federal Reserve Bank of New York on Friday showed a substantial turnaround by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index surged to a positive 1.9 in September from a negative 19.0 in August, with a positive reading indicating growth in regional manufacturing activity.
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Merck Gets Positive CHMP Opinion For Approval Of KEYTRUDA To Treat Non-Small Cell Lung Cancer
Biopharmaceutical company Merck & Co., Inc. (MRK), known as MSD outside of the U.S. and Canada, announced Friday that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion recommending approval of KEYTRUDA.
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U.S. Import Prices Increase More Than Expected As Fuel Prices Soar
Import prices in the U.S. increased by more than expected in the month of August, according to a report released by the Labor Department on Friday, with the report also showing a much bigger than expected surge in U.S. export prices.
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Disney Says No Decision On Divestitures; Confirms Seeking Options For Linear Businesses
The Walt Disney Co. (DIS) announced Friday that it "has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded."
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Salesforce To Reportedly Hire 3300 People After The Layoffs In January
Cloud-based software firm Salesforce Inc. (CRM) is set to hire 3,300 people across its various departments following a 10 percent job cut in January, according to a Bloomberg report on Friday. The report cited an interview with CEO Marc Benioff.
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