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Forex News
European Markets Close Higher After Choppy Session
European markets ended higher after a choppy ride on Thursday as investors digested a slew of earnings announcement from European and U.S. companies, in addition to reacting to the latest batch of economic data.
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683 days ago
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In March
A report released by the National Association of Realtors on Thursday unexpectedly showed a steep drop in pending home sales in the U.S. in the month of March. NAR said its pending home sales index plunged by 5.2 percent to 78.9 in March after climbing by 0.8 percent to 83.2 in February. Economists had expected pending home sales to increase by 0.5 percent.
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683 days ago
U.S. Dollar Advances Despite Soft GDP Data
The U.S. dollar was higher against its major counterparts in the European session on Thursday, despite the release of a data showing a sharper-than-expected slowdown in economic growth for the first quarter.
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683 days ago
Turkish Central Bank Keeps Key Rate Unchanged For Second Time
Turkey's central bank maintained its key interest rate for the second straight meeting on Thursday ahead of the presidential election on May 14. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, led by Governor Sahap Kavcioglu, left the policy rate, which is the one-week repo auction rate, unchanged at 8.50 percent. The move was in line with expectations.
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683 days ago
AU Optronics Q1 Revenues Down 2.8% Sequentially
AU Optronics Corp. (AUO) reported Thursday that its revenues for the first quarter of 2023 were NT$51.19 billion, down by 2.8% quarter-over-quarter.
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683 days ago
Vodafone Group Confirms Margherita Della Valle As Group CEO
Vodafone Group Plc (VOD.L, VOD) on Thursday confirmed Margherita Della Valle as the new Group Chief Executive. She was appointed interim Group Chief Executive after Nick Read stepped down from the position in December.
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683 days ago
Cullen/Frost Bankers Q1 Profit Tops Estimates
Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that first quarter net income available to common shareholders surged to $175.98 million or $2.70 per share from $97.43 million or $1.50 per share in the prior-year quarter.
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683 days ago
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U.S. Weekly Jobless Claims Unexpectedly Dip To 230,000
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended April 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 230,000, a decrease of 16,000 from the previous week's revised level of 246,000.
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683 days ago
U.S. Economic Growth Slows Much More Than Expected To 1.1% In Q1
Preliminary data released by the Commerce Department on Thursday showed U.S. economic growth slowed by much more than expected in the first three months of 2023. The report said real gross domestic product increased by 1.1 percent in the first quarter after jumping by 2.6 percent in the fourth quarter of 2022. Economists had expected the pace of GDP growth to slow to 2.0 percent.
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683 days ago
OSI Systems Q3 Results Miss Estimates; Reiterates FY23 Outlook
OSI Systems, Inc. (OSIS) reported on Thursday that net income for the third quarter doubled to $42.74 million or $2.41 per share from $21.81 million or $1.27 per share in the prior-year quarter. Excluding items, adjusted earnings were $1.43 per share, compared to $1.49 per share in the year-ago quarter.
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683 days ago
Medical Properties Trust Q1 Profit Plunges
Medical Properties Trust, Inc. (MPW) reported Thursday a first-quarter net income attributable to stockholders of $32.79 million or $0.05 per share, sharply lower than $631.68 million or $1.05 per share prior-year quarter.
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683 days ago
U.S. GDP Growth Slows Much More Than Expected In Q1
Preliminary data released by the Commerce Department on Thursday showed U.S. economic growth slowed by much more than expected in the first three months of 2023.
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683 days ago
U.S. Weekly Jobless Claims Unexpectedly Dip
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended April 22nd, according to a report released by the Labor Department on Thursday.
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683 days ago
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