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ABB Stock Down On Weak Q2 Orders, Despite Profit Growth; Confirms Outlook

Shares of ABB Ltd. were losing around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported weak orders in its second quarter, even as profit and revenues were higher on solid demand.Looking ahead for the third quarter, the company projects sequentially higher growth rate in comparable revenues, and the operational EBITA mergin to be around...
RTTNews | 103 일 전
European Shares Gain Before ECB Decision

European Shares Gain Before ECB Decision

European stocks edged higher on Thursday ahead of the monetary policy announcement from the European Central Bank (ECB) later in the day.
RTTNews | 103 일 전
FTSE 100 Climbs As Wage Growth Slows

FTSE 100 Climbs As Wage Growth Slows

U.K. stocks advanced on Thursday as data showed U.K. wage growth softened in the three months to May period, raising hopes of interest rate cuts ahead of the Bank of England's rate decision next month.
RTTNews | 103 일 전
UK Labor Market Cools In May

UK Labor Market Cools In May

UK wage growth softened in the three months to May period suggesting that the labor market cooled further and revived hopes of interest rate cuts. The unemployment rate came in at 4.4 percent in March to May period, unchanged from the preceding three months, the Office for National Statistics said Thursday. The figure matched economists' forecast.
RTTNews | 103 일 전
Asian Shares Decline On Big Tech Selloff

Asian Shares Decline On Big Tech Selloff

Asian stocks fell broadly on Thursday as tech shares came under heavy selling pressure on signs of worsening trade tensions between the China and the United States.
RTTNews | 103 일 전
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Australian Dollar Recovers After Strong Jobs Data

Australian Dollar Recovers After Strong Jobs Data

The Australian dollar recovered from recent losses against other major currencies in the Asian session on Thursday, after data showed that Australia's employment rose more than expected in June, signaling a possible rate hike by the Reserve Bank of Australia.
RTTNews | 103 일 전
Australia Jobless Rate Rises Slightly In June

Australia Jobless Rate Rises Slightly In June

Australia's unemployment rate rose slightly despite a sharp increase in employment, data from the Australian Bureau of Statistics showed on Thursday. The jobless rate rose slightly to a seasonally adjusted 4.1 percent in June, while it was expected to remain unchanged at 4.0 percent. Employment increased by 50,200 in June, much bigger than economists' forecast of 20,000.
RTTNews | 103 일 전
European Economic News Preview: ECB To Keep Rates On Hold

European Economic News Preview: ECB To Keep Rates On Hold

The monetary policy announcement from the European Central Bank is the top economic event due on Thursday. Markets expect the ECB to keep its key rates on hold today after cutting the rates for the first time in five years in June. The main refinancing rate was lowered by 25 basis points to 4.25 percent.
RTTNews | 103 일 전

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