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Eurozone Private Sector Remains Mired In Recession
The euro area private sector contracted for the seventh straight month in December with the largest economies becoming the biggest drags, final survey results from the purchasing managers' survey by S&P Global showed on Thursday. The final HCOB composite output index held steady at 47.6 in December. The flash reading was 47.0. A PMI score below 50.0 indicates contraction.
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Pound Advances After Strong U.K. PMI Data
The pound appreciated against its major counterparts during the European session on Thursday, as U.K. composite PMI exceeded estimates in December.
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UK Mortgage Approvals Hit 5-Month High
UK mortgage approvals increased to the highest level in five months in November reflecting an improvement in the housing market activity, and consumer credit increased the most since 2018, official data revealed on Thursday. The number of mortgage approvals, an indicator of future borrowing, increased to 50,067 in November from 47,888 in October, the Bank of England data showed.
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Conagra Brands Trims FY24 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) lowered its adjusted earnings and organic net sales growth guidance for the full-year 2024, to reflect year-to-date results, expectations for a slower volume recovery, and increased brand investments in the second half of the fiscal year.
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CGI Selected To Partner UK Air Traffic Controller NATS For Modernization
CGI (GIB, GIB.A) announced Thursday it has been selected to partner with NATS, the UK's leading provider of air traffic control services to help transform and modernize the company's digital infrastructure and evolve its services for air traffic operations in the UK.
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RPM International Q2 Adj. EPS Meets Estimates, But Sales Miss
RPM International, Inc. (RPM) reported Thursday that net income attributable to RPM for the second quarter grew to $145.51 million or $1.13 per share from $131.34 million or $1.02 per share in the prior-year quarter.
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Dell Launches New XPS Laptop Line-up With Futuristic Design, Built-in AI, New Screen Sizes
Dell Technologies, Inc. (DELL) announced Thursday a new XPS laptop line-up with futuristic design, built-in AI, new screen sizes, robust performances and powered by Intel Core Ultra processors.
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Sensex, Nifty Snap Two-day Losing Streak
Indian shares rose notably on Thursday following two consecutive sessions of declines.
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European Shares Gain With Inflation And PMI Data In Focus
European shares rebounded from three-week lows on Thursday, with inflation and PMI data in focus.
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China Service Sector Gains Strength In December
China's service sector gained momentum at the end of the year amid new business posting the strongest rise in seven months, upbeat business sentiment and rising employment. The Caixin services Purchasing Managers' Index, or PMI, rose to 52.9 in December from 51.5 in November, survey results from S&P Global showed on Thursday. The reading was forecast to rise slightly to 51.6.
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FTSE 100 Gains As Next Raises Profit Forecast
U.K. stocks traded slightly higher on Thursday after retail giant Next hiked its profit outlook for the fifth time this year.
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CAC 40 Inches Higher As Inflation Matches Estimates
French stocks were moving higher on Thursday after data showed inflation rose in line with expectations in December.
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DAX Modestly Higher Ahead Of Inflation Data
German stocks were seeing modest gains in cautious trade on Thursday as investors reacted to hawkish FOMC meeting minutes and awaited Eurozone PMI and German consumer inflation figures for direction.
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