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European Markets Close Lower
European markets ended lower on Tuesday, weighed down mostly by losses in the energy sector. The mood remained a bit cautious amid uncertainty about the outlook for economic growth in the region, and possible interest rate moves by major central banks.
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vor 128 Tagen
Canadian Market Moderately Lower As Energy Stocks Fall
Despite soft inflation data raising prospects of another rate cut by the Canadian Central Bank, the Bay Street is languishing in negative territory after a somewhat sluggish start Tuesday morning, weighed down by losses in energy section due to declining oil prices.
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vor 128 Tagen
EU To Impose Countervailing Duty Of 9% On Tesla's China-made BEVs
The European Commission is disclosed its draft decision to impose countervailing duties of up to 36.3 percent on imports of battery electric vehicles (BEVs) from China. The Commission said the unfair subsidization is causing a threat of economic injury to BEV producers in the European Union.
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vor 128 Tagen
GM To Cut More Than 1,000 Software Jobs
Auto major General Motors is laying off more than 1,000 salaried employees in its software and services division across the world, mostly in the U.S., with a view to streamlining its operations, reports said. In the proposed layoffs of software engineers, more than 600 will be at GM's tech campus in Michigan. The job cuts represent about 1.3 percent of GM's global salaried workforce...
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vor 128 Tagen
Bay Street Seen Opening With Positive Bias
Canadian shares may open with a positive bias Tuesday morning, reacting to the nation's inflation data, and higher gold prices. However, with the Fed minutes due on Wednesday and Fed Chair Jerome Powell's speech due on Friday, the mood is likely to remain a bit cautious.
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vor 128 Tagen
XPeng Q2 Net Loss Sharply Narrows On Strong Revenues; Sees Q3 Revenue Growth
XPeng Inc. (XPEV), a Chinese smart electric vehicle company, reported Tuesday that its second-quarter net loss attributable to ordinary shareholders was RMB1.28 billion or $0.18 billion, narrower than last year's loss of RMB2.80 billion.
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vor 128 Tagen
Swedish Krona Rises To More Than 5-month High Against U.S. Dollar
The Swedish krona strengthened against the U.S. dollar in the European session on Tuesday.
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vor 128 Tagen
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Lowe's Q2 Profit Tops View, Cuts FY24 Outlook Below Market
Home improvement major Lowe's Companies, Inc. on Tuesday trimmed its fiscal 2024 earnings and sales outlook below market estimates after reporting weak results in its second quarter. However, the quarterly earnings per share beat the Street view. The company attributed lower-than-expected DIY sales and a pressured macroeconomic environment for the downward revision in annual forecast.
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vor 128 Tagen
Riksbank Cuts Policy Rate By 25 Bps, Signals More Reductions Ahead
Sweden's central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects, and signaled as much as three more interest reductions this year. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. Previously, the bank had lowered its policy rate in May, which was the first cut since February 2016.
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vor 128 Tagen
Sensex, Nifty End Higher As Financials Surge On US Rate-cut Hopes
Indian shares eked out modest gains on Tuesday amid bets the Federal Reserve will cut interest rates next month after inflation finally dropped below 3 percent.
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vor 128 Tagen
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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vor 128 Tagen
European Shares Mostly Higher As Riksbank Cuts Rates
European stocks were broadly higher on Tuesday, extending gains for a sixth consecutive session after the annual inflation rate in the Eurozone was confirmed at 2.6 percent in July, according to Eurostat's second estimate.
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vor 128 Tagen
FTSE 100 Slides As Energy Stocks Drag
U.K. stocks declined on Tuesday as falling crude oil prices amid signs of easing tensions in the Middle East weighed on the energy sector.
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vor 128 Tagen
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