外匯新聞

UK Q2 GDP To Fall 0.4% In Q2: NIESR

UK Q2 GDP To Fall 0.4% In Q2: NIESR

Chances of a UK recession increased with fall in economic output in April and the economy is likely to shrink 0.4 percent in the second quarter amid a similar size fall in the services output, the National Institute of Economic and Social Research said Monday. Official data released earlier on Monday showed that gross domestic product fell 0.3 percent in the month of April despite strength in private services sectors. In May, NIESR forecast UK growth at 3.5 percent this year. "Strong growth in retail, hospitality and other services suggests that some households may have been able to smooth their consumption in the face of the inflation shock," NIESR Principal Economist Rory Macqueen said. "Manufacturing appears to be suffering as a result of the impact of high petrol and energy, with declines in 8 out of 13 sub-sectors, but April's overall decline was principally driven by the winding-down of the Test and Trace programme, which had made significant positive contributions to GDP over most of the Covid-19 period"
RTTNews | 892天前
U.S. Dollar Higher On Aggressive Rate Hike Hopes

U.S. Dollar Higher On Aggressive Rate Hike Hopes

The U.S. dollar appreciated against its most major counterparts in the European session on Monday, as hot U.S. inflation data drove the treasury yields higher and raised expectations that the Federal Reserve will continue to tighten policy aggressively in the coming months.
RTTNews | 892天前
Bay Street Seen Opening On Weak Note

Bay Street Seen Opening On Weak Note

Sharply lower Canadian and U.S. futures, weak global markets and falling commodities point to a gap down opening on Bay Street Monday morning.
RTTNews | 892天前
Prologis To Acquire Duke Realty In All-stock Deal Valued At About $26 Bln

Prologis To Acquire Duke Realty In All-stock Deal Valued At About $26 Bln

Prologis, Inc. (PLD) and Duke Realty Corp. (DRE) announced Monday that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt.
RTTNews | 892天前
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ImmunoGen, Oxford BioTherapeutics To Collaborate To Develop Novel Antibody-Drug Conjugates

ImmunoGen, Oxford BioTherapeutics To Collaborate To Develop Novel Antibody-Drug Conjugates

ImmunoGen Inc. (IMGN), a developer of antibody-drug conjugates (ADCs) for the treatment of cancer, announced Monday a multi-year collaboration to research novel, first-in-class ADCs with clinical stage oncology company Oxford BioTherapeutics (OBT), utilizing ImmunoGen's proprietary linker-payload technology directed to novel targets identified via OBT's proprietary OGAP discovery platform.
RTTNews | 892天前
Pound Depreciates On Weak U.K. GDP Data

Pound Depreciates On Weak U.K. GDP Data

The pound lost ground against its major counterparts in the European session on Monday, as the nation's economy shrank for the second straight month in April, sparking fears about the risk of a recession.
RTTNews | 892天前
European Shares Extend Losses On Growth Worries

European Shares Extend Losses On Growth Worries

European stocks fell sharply on Monday to extend losses from the previous session as hotter-than-expected U.S. inflation data along with news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang sapped investors' appetite for riskier assets.
RTTNews | 892天前

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