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German Construction Activity Continues To Shrink
The downturn in Germany's construction sector continued in December as spiraling prices, rising interest rates and weak investment dampened activity, survey results from S&P Global showed on Thursday. The headline Construction Purchasing Managers' Index registered 41.7 in December, up from 41.5 in November. The reading is still firmly below the 50.0 threshold that separates growth from contract
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845 일 전
Sensex, Nifty End Lower For Second Day
Indian shares fell for a second consecutive session on Thursday, though markets ended off their day's lows, helped by positive cues from global markets and gains in rupee alongside its Asian peers.
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845 일 전
Meta Gets €390 Mln Fine For Data Breaches
Facebook and Instagram parent Meta Platforms has been fined 390 million euros or around $414 million by a major European regulator for breaking EU data rules over ads. The Irish Data Protection Commission or DPC fined Meta Ireland noting that its policy of using private user data to personalize ads on Facebook and Instagram violated new data protection laws.
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845 일 전
European Shares Slip After Three Days Of Gains
European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve's Dec. 13-14 policy meeting minutes dashed hopes of a Fed pivot anytime soon.
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845 일 전
FTSE 100 Edges Higher On Earnings Boost
U.K. stocks eked out modest gains on Thursday after clothing retailer Next Plc raised its pre-tax profit forecast for the current year, defying gloom about weakening consumption and the U.K.'s cost-of-living crisis.
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845 일 전
Pound Weakens Amid Hawkish Fed Minutes
The pound dropped against its major counterparts in early European deals on Thursday, as Fed minutes affirmed that further rate increases would be appropriate and dashed hopes for rate cuts in 2023.
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845 일 전
CAC 40 Retreats On Fed Rate Hike Worries
French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
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845 일 전
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DAX Slips In Cautious Trade After Fed Minutes
German stocks edged lower on Thursday as investors pondered over the Federal Reserve's December meeting minutes.
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845 일 전
Asian Shares Advance On China Optimism
Asian stocks advanced on Thursday, as investors reacted to modestly hawkish Federal Reserve minutes and data showing slight improvement in China's services sector.
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845 일 전
Amazon Plans Over 18,000 More Job Cuts; Several Teams To Be Impacted
Amazon said it plans to eliminate over 18,000 jobs, more than initially planned, citing uncertain economy. The decision is part of the tech major's annual planning process for 2023 with a focus to build a stronger cost structure, and comes after further reviews by its various teams. In a message shared with Amazon employees, CEO Andy Jassy noted that the reductions will impact several teams.
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845 일 전
European Economics Preview: Germany Foreign Trade, Construction PMI Due
Foreign trade and construction Purchasing Managers' survey results from Germany are the top economic news due on Thursday. At 2.00 am ET, Destatis releases Germany's foreign trade data for November. Exports are forecast to rise 0.2 percent on month, reversing a 0.6 percent fall in October. The fall in imports slowed to 0.5 percent from 3.7 percent in the previous month.
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845 일 전
China Services Activity Logs Fourth Consecutive Contraction
China's service sector shrank for the fourth consecutive month in December as the ongoing measures to contain the Covid-19 disrupted operations and hampered demand. At 48.0, the Caixin services Purchasing Managers' Index rose from a six-month low of 46.7 in November. But a reading below 50.0 suggests the sector remains in the contraction zone.
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845 일 전
European Shares May Open On Soft Note On Hawkish Fed Minutes
European stocks are likely to open on a tepid note Thursday, as investors react to hawkish Fed minutes and keep a wary eye on the COVID-19 situation in China.
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845 일 전
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