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Last Week Saw Dollar In Demand Amidst Fed's Higher-for-longer Rate Stance
The U.S. Dollar extended gains during the week ended 29 September as markets digested the Fed's higher-for-longer interest rate outlook.
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695 gün önce
Mack Trucks, UAW Union Reach Tentative Deal
United Auto Workers or UAW union and Mack Trucks, owned by Swedish commercial vehicle manufacturer Volvo Group, announced that nearly 4,000 union members has reached a tentative agreement, in a last minute move to avoid strike. The new five-year contract covers about 3,900 employees at facilities in Pennsylvania, Maryland and Florida. The agreement must now be ratified by UAW members.
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695 gün önce
UK Manufacturing Downturn Continues
The UK factory downturn continued in September on weak output, new orders and employment, final survey results from S&P Global showed on Monday. The Chartered Institute of Procurement & Supply factory Purchasing Managers' Index posted 44.3 in September, up from a 39-month low of 43.0. The reading was above 44.2 estimated initially.
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695 gün önce
Tesla Q3 Vehicle Production And Deliveries Decline Sequentially
Tesla Inc. (TSLA) said Monday it produced more than 430,000 vehicles and delivered more than 435,000 vehicles in the third quarter. This is a sequential decline in volumes caused by planned downtimes for factory upgrades.
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695 gün önce
Eurozone Manufacturing Sector Stuck In Deep Contraction
The euro area manufacturing activity remained in the deep contraction zone in September on account of considerable weakness in new orders and accelerated fall in jobs, the purchasing managers' survey results from S&P Global showed on Monday. Meanwhile, official data released on Monday suggested that the unemployment rate dropped to record lows in August indicating the resilience of the labor mark
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695 gün önce
Bay Street Seen Opening On Subdued Note
Canadian shares are likely to open on a subdued note on Monday amid a lack of positive triggers. Asian stocks ended mostly lower and European stocks are down slightly, and commodity prices are weak.
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695 gün önce
Acurx Pharma Discontinues Phase 2b Trial For Ibezapolstat To Treat C. Difficile Infection
Biopharmaceutical company Acurx Pharmaceuticals, Inc. (ACXP) announced Monday that the Company has discontinued the Phase 2b clinical trial of its lead antibiotic candidate, ibezapolstat, for the treatment of patients with Clostridioides difficile infection (CDI) due to success.
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695 gün önce
more news
NRx Pharma Says FDA Grants Permission To Proceed On IND For NRX-101 To Treat Chronic Pain
Biopharmaceutical company NRx Pharmaceuticals, Inc. (NRXP) announced Monday that FDA has given the company clearance to proceed with human trials to treat Chronic Pain under the Investigational New Drug (IND) application filed with the U.S. Food and Drug Administration (FDA) for the use of NRX-101.
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695 gün önce
European Shares Reverse Early Gains On Weak PMI Data
European stocks gave up early gains to turn lower on Monday as weak regional data offset investor optimism over U.S. lawmakers reaching a deal to avert government shutdown.
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695 gün önce
UK House Prices Continue To Log Sharp Decline: Nationwide
UK house prices fell sharply again in September as stretched affordability damps housing market activity, data from the mortgage lender Nationwide Building Society revealed Monday. The Nationwide house price index posted an annual decline of 5.3 percent, the same pace of decrease as seen in August.
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695 gün önce
FTSE 100 Gives Up Early Gains On Weak PMI Data
U.K. stocks were slightly lower on Monday, giving up early gains after a survey showed the downturn in the U.K. manufacturing sector continued in September albeit at a slower pace.
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695 gün önce
CAC 40 Gains Despite Weak PMI Data
French stocks traded higher on Monday after both U.S. House and Senate agreed on a short-term funding deal, helping avert a federal shutdown.
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695 gün önce
DAX Inches Higher As US Avoids Government Shutdown
German stocks were seeing modest gains on Monday after the U.S. Congress passed a stopgap funding bill, averting for now a looming government shutdown.
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695 gün önce
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