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German Inflation Weakest Since Early 2021
Germany's consumer price inflation reached the lowest since early 2021 on lower energy prices and favorable base effects, raising chances of a September interest rate cut by the European Central Bank. Consumer price inflation softened to 1.9 percent in August from 2.3 percent in July, flash data from Destatis showed on Thursday.
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vor 55 Tagen
VivoPower's Tembo E-LV Agrees To Merger With Special Purpose Acquisition Company In $904 Mln Deal
Tembo E-LV B.V., a subsidiary of VivoPower International plc (VVPR) announced Thursday that it has executed a definitive Business Combination Agreement with Cactus Acquisition Corp. Limited, a Cayman Islands exempted special purpose acquisition company (CCTS, CCTSW, CCTSU).
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vor 55 Tagen
U.S. GDP Jumps More Than Previously Estimated In Q2
The Commerce Department released a report on Thursday showing the U.S. economy unexpectedly grew by more than previously estimated in the second quarter.
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vor 55 Tagen
U.S. Weekly Jobless Claims Edge Down To 231,000
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday.
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vor 55 Tagen
UK Car Production Falls On Model Changeover, Supply Chain Challenges
UK car production declined in July due to model changeovers as well as temporary supply chain challenges, the Society of Motor Manufacturers & Traders, or SMMT, said on Thursday. Car output posted an annual decline of 14.4 percent in July. Factory lines rolled out 65,478 vehicles.
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vor 55 Tagen
Bay Street Seen Opening On Positive Note
Canadian shares are likely to open on positive note Thursday morning, riding on higher commodity prices, and cheering fairly impressive earnings from major banks.
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vor 55 Tagen
Eurozone Economic Confidence At 15-Month High
Eurozone economic sentiment strengthened to a 15-month high in August as the Olympic Games boosted sentiment in France, survey results from the European Commission revealed Thursday. The economic confidence index advanced to 96.6 in August from 96.0 in the previous month. This was the highest score since May 2023.
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vor 55 Tagen
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NVIDIA Stock Down Despite Strong Q2 Results, $50 Bln Buyback
Shares of Nvidia Corp. were losing nearly 5 percent in the pre-market activity on the Nasdaq after the artificial intelligence or AI chipmaker issued sequentially lower third-quarter margin view, and maintained its fiscal 2025 margin forecast. This was despite reporting significantly higher profit in its second quarter with more-than doubled revenues, and also announcing a hefty $50 billion share
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vor 55 Tagen
Sensex, Nifty Hit Record Highs As Oil Extends Declines
Indian shares eked out modest gains on Thursday as expectations that the Federal Reserve might begin interest rate cuts next month and a retreat in oil prices for a third day running offset Nvidia's underwhelming earnings result.
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vor 55 Tagen
U.S. Dollar Rises Against Most Majors
The U.S. dollar strengthened against most major currencies in the European session on Thursday.
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vor 55 Tagen
European Shares Extend Gains As Inflation Data Brings Cheer
European stocks rose for a third straight session on Thursday and the euro slipped against the dollar after data showed Spanish inflation eased to its lowest level in a year and a measure of Eurozone economic sentiment rose more than expected in August.
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vor 55 Tagen
Antipodean Currencies Rise As Traders Await Major Economic Data
The Australian dollar strengthened against other major currencies in the Asian session on Thursday. as traders await a slew of crucial economic data, including reports on U.S. personal income and spending in July.
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vor 55 Tagen
FTSE 100 Rises Led By Banks
U.K. stocks edged up slightly on Thursday after another Federal Reserve official said the time has come for the U.S. central bank to cut interest rates.
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vor 55 Tagen
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