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U.S. Dollar Advances On Middle East Tensions, Strong ADP Data
The U.S. dollar firmed against its major counterparts in the New York session on Wednesday, amid heightened geopolitical tensions in the Middle East and stronger-than-expected ADP employment data for September.
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Swiss Market Ends Modestly Higher After Choppy Ride
The Switzerland market ended modestly higher on Wednesday despite struggling for direction after a fall from earlier high levels. Concerns about tensions in the Middle East, and a lack of positive triggers rendered the mood cautious. Investors looked ahead to the inflation data, due on Thursday, for directional clues.
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European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday with investors closely following the developments on the geopolitical front, and awaiting fresh data from directional clues.
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U.S. Private Sector Job Growth Exceeds Estimates In September
Private sector employment in the U.S. increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August.
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CNN, Reuters Launch Digital Paywalls
Global news organizations CNN, owned by media conglomerate Warner Bros. Discovery, as well as Thomson Reuters Corp. announced their plans to launch digital paywalls, with a view to developing new digital revenue streams aiming to support their work in journalism around the world. CNN, in an internal memo, said it is starting to ask some of its visitors to pay $3.99 a month for access...
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U.S. Private Sector Employment Climbs More Than Expected In September
Private sector employment in the U.S. increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday.
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Bay Street Likely To Open With Negative Bias; Higher Oil Prices May Push Up Energy Stocks
Canadian shares may open with a negative bias Wednesday morning on worries about rising tensions in the Middle East, but higher oil prices might trigger buying in the energy space and limit market's downside.
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Nike Shares Hit After Withdrawal Of FY25 Forecast Amid Weak Q1, CEO Change
Shares of Nike Inc. were down around 6 percent in the extended trading on Tuesday on the NYSE and are currently down around 5 percent in pre-market activity after the sportswear giant warned on weak revenues in its second quarter, withdrew its revenue forecast for fiscal 2025, and postponed investor day. The move comes as the company reported weak results in its first quarter, even as earnings...
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European Shares Flat To Higher As Energy Stocks Rally On Middle East Tensions
European stocks were flat to slightly higher on Wednesday, with energy stocks leading the surge as oil extended an overnight rally on concerns that Middle East tensions could escalate and potentially disrupt crude output from the region.
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FTSE 100 Marginally Higher As Energy Stocks Surge
U.K. stocks were marginally higher on Wednesday, with energy stocks leading the surge as oil extended an overnight rally on concerns that Middle East tensions could escalate and potentially disrupt crude output from the region.
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CAC 40 Gains On Rate Cut Bets
French stocks traded higher on Wednesday as traders increased bets that the European Central Bank will cut interest rates by another 25 basis points on Oct. 17 due to falling inflation and weak economic activity in the region.
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DAX Little Changed On Middle East Conflict Fears
German stocks were little changed on Wednesday amid ongoing tensions in the Middle East after Iran fired ballistic missiles targeting two military bases of Israel and the headquarters of Mossad.
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Asian Shares Mostly Lower On Middle East Tensions
Asian stocks ended mostly lower on Wednesday, even as Hong Kong shares continued to surge on stimulus euphoria.
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