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Eurozone Services Activity Lifts Private Sector Growth To 11-Month High

The euro area private sector economy expanded at the fastest pace in almost a year in April solely reflecting the growth in services activity, final data from S&P Global showed Thursday. The HCOB final composite output index improved to 54.1 in April from 53.7 in March. The score has remained above the crucial 50.0 level for the fourth straight month. However, the reading was below the flash
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American Electric Power Reaffirms FY23 Outlook - Update

American Electric Power Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2023 operating earnings guidance in the range of $5.19 to $5.39 per share, with long-term growth rate of 6 to 7 percent.
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Quanta Services Boosts FY23 Outlook - Update

Quanta Services Boosts FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, Quanta Services, Inc. (PWR) raised its adjusted earnings and revenue guidance for the full-year 2023.
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BJ's Wholesale Club Appoints President And CEO Bob Eddy As Chairman

BJ's Wholesale Club Appoints President And CEO Bob Eddy As Chairman

BJ's Wholesale Club Holdings, Inc. (BJ), a leading operator of membership warehouse clubs, announced Thursday that its board of directors has appointed President and Chief Executive Officer Bob Eddy as chairman of the board, effective June 15, 2023. Eddy will succeed Chris Baldwin, who will remain on the company's board as a director.
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Markets Digest Fed Cues, Wait For ECB

Markets Digest Fed Cues, Wait For ECB

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.
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Becton, Dickinson Boosts FY23 Outlook - Update

Becton, Dickinson Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Thursday, medical technology company Becton, Dickinson and Co. (BDX) raised its adjusted earnings and revenue outlook for fiscal 2023.
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European Shares Decline Ahead Of ECB Decision

European Shares Decline Ahead Of ECB Decision

European stocks traded lower on Thursday as investors digested the Fed's 25-bps rate hike announcement and awaited a European Central Bank (ECB) decision later in the day.
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Swiss Franc Exhibits Weakness Against Majors

Swiss Franc Exhibits Weakness Against Majors

The Swiss franc dropped against its major counterparts in the European session on Thursday, as investors digested mixed signals from the U.S. Federal Reserve on rate-hike plans.
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FTSE 100 Dips On US Bank Woes

FTSE 100 Dips On US Bank Woes

U.K. stocks declined on Thursday amid signs that another U.S. bank is on the brink of collapse.
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CAC 40 Slips Into Red With Rate Decisions In Focus

CAC 40 Slips Into Red With Rate Decisions In Focus

French stocks were a tad lower on Thursday after the U.S. Federal Reserve raised rates by 25 bps, as widely expected, and signaled it may pause further rate increases depending on incoming data.
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