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General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down
General Mills, Inc. on Wednesday reported that its fourth-quarter earnings were hurt by lower net sales. However, adjusted earnings beat market estimates, while top line missed their view. Further, the branded food company issued fiscal 2026 adjusted earnings outlook, expecting year-over-year decline. General Mills added that its top priority in the new year is to restore volume-driven organic...
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58天前
CAC 40 Drops Amidst Caution
Cautious sentiment ruled markets amidst fears of whether the current ceasefire between Israel and Iran would guarantee long-term peace.
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58天前
Yen Falls As European Shares Traded Higher
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-off mood by the investors, as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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58天前
DAX Trades In The Red
The positive sentiment that triggered Tuesday's rally on the DAX was missing on Wednesday as markets speculated on the ceasefire between Israel and Iran.
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58天前
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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58天前
Sensex Jumps 700 Points; Nifty Nears 25,250
Indian shares rose sharply on Wednesday as the fragile Iran-Israel truce took hold and balanced comments from Federal Reserve Chair Jerome Powell prompted traders to price in two Fed cuts by the end of 2025, with a first move in September far more likely than next month.
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58天前
Europe New Car Registrations Increase In May
Europe's new car registrations increased in May as demand for plug-in hybrid cars grew sharply from the last year, the European Automobile Manufacturers' Association, or ACEA, reported Wednesday. New car sales increased 1.6 percent on a yearly basis in May, faster than the 1.3 percent rise in April. This was the second consecutive rise in registrations.
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58天前
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European Shares Mixed In Cautious Trade
European shares were mixed on Wednesday after rallying in the previous session as the fragile Iran-Israel truce took hold.
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58天前
Asian Shares Muted After Tuesday's Relief Rally
Asian stocks ended on a cautious note Wednesday after rising sharply in the previous session on Israel-Iran ceasefire relief.
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58天前
Australia Inflation Eases In May
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
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59天前
European Shares Seen Tad Higher At Open
European stocks may open a tad higher on Wednesday as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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59天前
European Economic News Preview: France Consumer Confidence Data Due
Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.
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59天前
Sensex, Nifty Surge As Israel-Iran Truce Holds
Indian shares opened on a strong note Wednesday as the Iran-Israel cease-fire appears to hold in the Middle East and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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59天前
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