Forex News
Gold Futures Snap 5-day Winning Streak
Gold futures snapped a five-session winning streak and settled notably lower on Wednesday. Investors assessed the likely move of the Federal Reserve in the wake of the latest data on producer price and consumer price inflation.
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72 days ago
Swiss Market Ends On Strong Note
The Switzerland market ended on a strong note on Wednesday with stocks holding firm right through the day's session after a positive start. A slew of encouraging global economic data, and optimism about a sharp interest rate cut by the Federal Reserve in September helped underpin sentiment.
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72 days ago
European Stocks Close Higher As Investors Cheer Economic Data
European stocks closed higher on Wednesday, reacting positively to UK consumer price inflation data, and amid continued optimism about a sharp cut in U.S. interest rate in September.
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72 days ago
U.S. Consumer Prices Rise In Line With Estimates In July, Annual Growth Unexpectedly Slows
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices matched expectations.
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72 days ago
Slower Services Inflation In UK Strengthens Case For More BoE Rate Cuts
UK consumer price inflation rose less than expected in July as services price growth slowed to its lowest in over two years, strengthening the call for more interest rate cuts from the Bank of England. The consumer price index moved up 2.2 percent in July from a year ago, following June's 2.0 percent increase, the Office for National Statistics reported Wednesday.
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72 days ago
U.S. Consumer Prices Rise In Line With Estimates In July
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices matched expectations.
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72 days ago
Yen Falls As European Shares Inch Higher After GDP Data
The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors digested key Eurozone data and looked forward to the release of U.S. CPI data later in the day for additional clues on the interest-rate outlook.
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72 days ago
more news
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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72 days ago
Arcos Dorados Q2 Net Profit Declines
Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the second quarter declined to $26.63 million or $0.13 per share from $28.37 million or $0.13 per share in the prior-year quarter.
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72 days ago
ODP CFO Anthony Scaglione To Step Down
The ODP Corp. (ODP) announced Wednesday that Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity. His last day will be September 13, 2024.
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72 days ago
Cardinal Health Lifts FY24 View Above Market After Profit In Q4, Plans Buyback; Stock Up
Shares of Cardinal Health, Inc. were gaining more than 7 percent in the pre-market activity on the NYSE after the healthcare company on Wednesday raised its fiscal 2024 adjusted earnings forecast above the market after reporting a profit in its fourth quarter, compared to prior year's loss. The improved results reflected strong revenues from both segments.
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72 days ago
Performance Food Group To Acquire Cheney Brothers For $2.1 Bln Cash
Performance Food Group Co. (PFGC) announced Wednesday that it has entered into a definitive agreement with Cheney Bros., Inc., pursuant to which PFG will acquire Cheney Brothers for $2.1 billion in cash.
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72 days ago
Sensex, Nifty End Modestly Higher In Cautious Trade
Indian shares eked out modest gains on Wednesday as investors awaited the release of U.S. CPI report due later in the day that could allow the Federal Reserve to begin cutting interest rates in September.
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72 days ago
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