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Eurozone Private Sector Downturn Raises Recession Risk
Signaling the risk of a recession, the euro area private sector activity declined at the fastest pace in eight months in July as the downturn gathered pace at the start of the third quarter. The HCOB composite output index dropped to an eight-month low of 48.9 in July from 49.9 in June, flash results of a closely watched S&P Global purchasing managers' survey showed on Monday.
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Adidas Flooded With Orders Worth 508 Mln Euros For First Batch Of Unsold Yeezy Shoes: FT
German sportswear brand Adidas AG (ADDDF.PK) was flooded with orders worth 508 million euros or about $568 million, for 4 million pairs in the first batch of online sales of unsold Yeezy shoes despite severing ties with rapper Kanye West, now known as Ye, the Financial Times reported on Monday.
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Baxter Int'l Launches PERCLOT Absorbable Hemostatic Powder In The US
Baxter International Inc. (BAX) announced Monday the launch of PERCLOT Absorbable Hemostatic Powder in the U.S. PERCLOT is a passive, absorbable hemostatic powder that is ready to use and designed for patients with intact coagulation to address mild bleeding.
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Bay Street Likely To Open Higher
Higher crude oil and gold futures point to a positive start for the Canadian market Monday morning.
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Pound Falls On Downbeat PMI Data
The British pound weakened against other major currencies in the European session on Monday, following the release of U.K. preliminary PMI data showing that the nation's economic activity remains weaker than expected in July.
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ImmunoGen Inks Multi-Target License Deal With ImmunoBiochem For Next-Gen Antibody-Drug Conjugates
ImmunoGen, Inc. (IMGN) announced Monday a multi-target license and option agreement to research novel, first-in-class ADCs with privately-held biopharmaceutical company ImmunoBiochem Corp.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Monday.
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Sensex, Nifty End Lower With Earnings In Focus
Indian shares ended lower on Monday, with earnings and mixed global cues influencing trading sentiment.
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European Shares Lack Direction As Business Surveys Signal Deepening Downturn
European stocks were subdued on Monday, with weak Eurozone business activity data and an inconclusive election result in Spain keeping investors nervous.
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FTSE 100 Little Changed On Economic Worries
U.K. stocks were little changed on Monday after a survey showed that the country's private sector is growing at its weakest pace in six months in July as a result of rising interest rates and still-high inflation.
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CAC 40 Declines On Growth Worries
French stocks were moving lower on Monday as investors nervously await the outcomes of central bank meetings this week in the U.S., Europe and Japan.
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DAX Slips As PMI Disappoints
German stocks were slightly lower on Monday after a preliminary survey showed German business activity contracted in July, raising the odds of a recession in the second half of the year.
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Asian Shares Mostly Higher As Investors Look To Fed
Asian stocks closed mostly higher on Monday amid bets that the U.S. Federal Reserve would pause its tightening campaign after delivering a 25-bps hike this week.
Upcoming ECB and BOJ meetings also remained on investors' radar.
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