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Eurozone Manufacturing Sector Contracts Most Since Mid-2020
The euro area manufacturing sector contracted at the fastest pace since mid-2020 due to further slides in output and new orders, final data from S&P Global showed on Monday. The final manufacturing Purchasing Managers' Index fell to 48.4 in September from 49.6 in the previous month. The score was slightly below the flash estimate of 48.5. The index slumped to its lowest level since June 2020.
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955天前
Axsome Says Sunosi Met Primary Endpoint In SHARP Study
Biopharmaceutical company Axsome Therapeutics, Inc. (AXSM) announced Monday that Sunosi met the primary endpoint in the SHARP study and significantly improved cognitive function, measured using the Digit Symbol Substitution Test subtest of the Repeatable Battery for the Assessment of Neuropsychological Status (DSST RBANS), as compared to placebo in cognitively impaired patients with excessive daytime sleepiness (EDS) associated with obstructive sleep apnea (OSA).
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955天前
Sensex, Nifty Retreat On Weak Global Cues, Oil Price Rally
Indian shares fell sharply on Monday, tracking weak global cues as investors fretted about the impact of high inflation and aggressive policy tightening on global growth.
A weakening rupee, rallying oil prices and disappointing manufacturing data closer home also dented sentiment.
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955天前
European Shares Decline On Growth Worries, Rate Fears
European stocks declined on Monday and bond yields rose as last week's red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central Bank.
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955天前
UK Shares Slide Despite Tax Reversal
U.K. stocks fell on Monday and the pound rallied against the dollar after the British government reversed plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
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955天前
CAC 40 Slides On Growth Concerns
French stocks kicked off the final quarter of the year on a weak note Monday amid global growth worries.
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955天前
DAX Tumbles On Growth Worries; Banks Worst Hit
German stocks fell sharply on Monday and Eurozone bond yields rose as last week's red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central Bank.
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955天前
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Indian Rupee Hits 4-day Low Against U.S. Dollar
The Indian rupee dropped against the U.S. dollar in afternoon deals on Monday, as regional stocks fell, tracking weak global cues.
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955天前
Asian Shares Drift Lower In Thin Holiday Trade
Asian stocks retreated on Monday as inflation and interest-rate worries lingered, and oil prices spiked on speculation over OPEC+ cutting production substantially this week.
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955天前
UK Govt Abandons Plan To Scrap 45% Tax Rate After Facing Criticism
The UK government decided to abandon its plan to scrap the 45 percent tax rate, which was announced just 10 days before, after coming under severe criticism for such a relaxation for the high earners at the time of rising living costs.
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955天前
Australian Dollar Advances On Higher Oil Prices; RBA Decision In Focus
The Australian dollar firmed against its most major counterparts in the Asian session on Monday, as oil prices rose and investors awaited the Reserve Bank of Australia's monetary policy decision to be released on Tuesday.
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955天前
European Shares Set For Soft Start As Oil Prices Jump
European stocks may open lower on Monday as higher-than-expected U.S. inflation data and sharp moves in the price of oil added to worries about slowing global growth.
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955天前
European Economics Preview: Eurozone Final Factory PMI Data Due
Final manufacturing Purchasing Managers' survey results from the euro area and the UK are the major reports due on Monday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss consumer price data for September. Inflation is forecast to remain unchanged at 3.5 percent.
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955天前
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