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Federal Reserve Leaves Rates Unchanged, Acknowledges Further Progress On Inflation
The Federal Reserve on Wednesday announced its widely expected monetary policy decision to leave interest rates unchanged. The Fed acknowledged "some further progress" toward its inflation objective but reiterated officials need "greater confidence" inflation is moving sustainably toward 2 percent before cutting rates
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vor 147 Tagen
Swiss Market Ends Higher
The Switzerland market ended on a positive note on Wednesday, in line with most of the markets across Europe, amid expectations of a rate cut by the Federal Reserve in September.
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vor 147 Tagen
U.S. Dollar Declines As Investors Await Fed Decision
The U.S. dollar fell against its major counterparts in the New York session on Wednesday, as ADP private sector employment increased less than expected in July and investors awaited the Federal Reserve's interest rate decision for clues about a cut in September.
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vor 147 Tagen
European Markets Close Higher As Investors React To Results, Eye Fed Policy
Despite data showing a rise in eurozone inflation, European stocks closed higher on Wednesday as investors digested a slew of encouraging earnings updates from U.S. and European companies, and looked ahead to the Federal Reserve's monetary policy announcement later in the day, the Bank of England's policy move on Thursday.
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vor 147 Tagen
U.S. Pending Home Sales Rebound Much More Than Expected In June
The National Association of Realtors released a report on Wednesday showing a substantial rebound by pending home sales in the U.S. in the month of June. NAR said its pending home sales surged by 4.8 percent to 74.3 in June after tumbling by 1.9 percent to a revised reading of 70.9 in May. Economists had expected pending home sales to jump by 1.3 percent.
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vor 147 Tagen
Uber And BYD Ink Multi-Year Partnership To Bring 100K BYD EVs To Uber Platform Worldwide
Uber Technologies, Inc. (UBER) and Chinese EV maker BYD Co. Ltd. (BYDDF.PK) announced Wednesday a multi-year strategic partnership that will bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets.
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vor 147 Tagen
Unexpected Rise In Eurozone Inflation Casts Doubt Over ECB September Rate Cut
Euro area inflation rose unexpectedly in July and services price growth continued to remain high, adding uncertainty over the likelihood of a September interest rate cut by the European Central Bank. The harmonized index of consumer prices advanced 2.6 percent year-on-year in July, faster than the 2.5 percent increase in June, flash data from Eurostat showed on Wednesday.
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vor 147 Tagen
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Eurozone Inflation Rises Unexpectedly
Eurozone inflation rose unexpectedly in July and services inflation continued to remain high, adding uncertainty over the chances of interest rate cut in September. The harmonized index of consumer prices advanced 2.6 percent year-on-year in July, faster than the 2.5 percent increase in June, flash data from Eurostat showed on Wednesday.
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vor 147 Tagen
Verisk Q2 Adj. EPS Tops Estimates; Reaffirms FY24 Outlook
Verisk Analytics, Inc. (VRSK), a data analytics and technology provider, reported Wednesday that net income attributable to Verisk for the second quarter soared to $308.1 million or $2.15 per share from $196.9 million or $1.35 per share in the prior-year quarter.
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vor 147 Tagen
U.S. Private Sector Adds 122,000 Jobs In July, Wage Growth Slows
Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 122,000 jobs in July after jumping by an upwardly revised 155,000 jobs in June.
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vor 147 Tagen
Boeing Q2 Loss Sharply Widens, Misses Estimates
Boeing reported on Wednesday a net loss for the second quarter that sharply widened from last year, reflecting a 15 percent revenue decline amid lower commercial delivery volumes, and losses on fixed-price defense development programs. Core loss per share came in well below analysts' expectations and quarterly revenues also missed it.
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vor 147 Tagen
German Unemployment Rises More Than Forecast
Germany's unemployment increased more than expected in July as the weaker economy damped job creation at the onset of summer break. The number of people out of work increased 18,000 from June, when joblessness climbed sharply by 20,000, data from the Federal Labor Agency showed on Wednesday. The July's increase was bigger than forecast of 15,000.
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vor 147 Tagen
Bay Street Likely To Open Higher; Fed Policy Eyed
Canadian shares look in headed for a positive start Wednesday morning, tracking higher oil and bullion prices, and firm European stocks. Investors now await the Federal Reserve's monetary policy announcement due later in the day, for clues about an interest rate cut in September.
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vor 147 Tagen
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