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Eurozone Private Sector Contracts At Slower Pace
The euro area private sector contracted at a slower pace in November reflecting a reduced rate of loss of new business, fewer supply constraints and a pick-up in business confidence, flash survey results from S&P Global showed on Wednesday. The composite output index unexpectedly rose to 47.8 in November from 47.3 in October. The reading was seen at 47.0.
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908天前
UK Probes Apple And Google's Control Over Web Browsing
The U.K. Government's Competition and Markets Authority or CMA has initiated an investigation into tech majors Apple and Google's duopoly on mobile ecosystems. The authority said it will conduct a fuller investigation into the way that Apple and Google dominate the mobile browser market and how Apple restricts cloud gaming through its App Store.
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908天前
Sensex, Nifty Pare Early Gains
Indian shares pared early gains to finish slightly higher on Wednesday as investors awaited minutes from the Federal Reserve's November policy meeting later in the day for any indications that the pace of rate hikes may slow.
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908天前
European Shares Fluctuate As Business Activity Contracts For Fifth Month
European stocks struggled for direction on Wednesday, as investors awaited the release of minutes of the most recent decisions of the Federal Reserve and the European Central Bank for directional cues.
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908天前
FTSE 100 Gains As Miners And Energy Stocks Climb
U.K. stocks advanced on Wednesday, as commodity-related stocks surged on the back of a weaker dollar ahead of the release of the minutes from the latest Federal Reserve meeting later in the day.
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908天前
CAC 40 Gives Up Early Gains After Weak Data
French stocks were little changed on Wednesday, giving up earlier gains as investors eyed the Federal Reserve's November meeting minutes later in the day for additional clues on the path of interest rates.
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908天前
DAX Edges Lower Ahead Of Fed Minutes
German stocks edged lower on Wednesday even as data showed the German manufacturing and services sectors' contraction eased in November.
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908天前
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Asian Shares Mostly Higher Ahead Of FOMC Meeting Minutes
Asian stocks ended mostly higher on Wednesday despite lingering worries about the Chinese economy and ahead the release of latest Fed meeting minutes later in the day.
Regional gains were capped by rising COVID-19 infections in China and a record interest-rate hike New Zealand. Trading volumes were somewhat thin amid a holiday in Japan.
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908天前
Alphabet Reportedly Seeks To Lay Off 10,000 Employees
Alphabet, Google's parent company, is planning to lay off nearly 10,000 low performing employees starting early 2023 amid investor demand to downsize and cut costs, according to a report by The Information. The tech major reportedly has asked managers to identify 6 percent of its staff using a new performance management system.
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908天前
European Economics Preview: Eurozone Flash PMI Survey Data Due
Flash Purchasing Managers' survey results from the euro area and the UK are due on Wednesday, headlining a light day for the European economic news. At 3.15 am ET, S&P Global publishes France's flash composite Purchasing Managers' survey data. The composite index is forecast to fall to 49.5 in November from 50.2 in October.
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908天前
European Shares Seen Tad Higher As Investors Await Fed Minutes
European stocks may open slightly higher on Wednesday, as investors await the release of minutes from the Federal Reserve's November meeting for additional clues about the direction of interest rates.
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908天前
New Zealand Delivers Biggest Rate Hike On Record
New Zealand's central bank hiked its benchmark rate by a record 75 basis points and signaled more tightening despite looming recession. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate to 4.25 percent from 3.50 percent. The bank has tightened its monetary policy by 400 basis points over the last nine consecutive meetings.
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908天前
Sensex, Nifty Modestly Higher In Early Trade
Indian shares opened a tad higher on Wednesday, tracking mostly positive cues from global markets as investors await the release of Federal Reserve minutes from its November policy meeting for directional cues.
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908天前
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