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Swiss Market Ends Marginally Down
The Switzerland stock market bucked the weak trend seen across Europe for much of the day's trading session on Tuesday, but fell in the closing minutes to settle marginally down.
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679 days ago
European Stocks Close Notably Lower On Growth Worries, Rate Concerns
European stocks closed notably lower on Tuesday as investors digested the latest batch of economic data and earnings announcements, and looked ahead to the policy moves by the Federal Reserve and the European Central Bank.
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679 days ago
UK Manufacturing Downturn Continues In April
The British manufacturing sector contracted further at the start of the second quarter, as output and new orders fell amid headwinds of client uncertainty, destocking, and tightening cost controls, survey results from S&P Global revealed Tuesday.
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679 days ago
U.S. Dollar Climbs As Fed Meeting In Focus
The U.S. dollar turned higher against its most major counterparts in the European session on Tuesday, as investors awaited the monetary policy meeting by the U.S. Federal Reserve for more clues about the future of monetary policy.
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679 days ago
U.S. Job Openings Decrease To Two-Year Low In March
A report released by the Labor Department on Tuesday showed job openings in the U.S. fell by more than expected in the month of March. The Labor Department said job openings decreased to 9.590 million in March from an upwardly revised 9.974 million in February. With the drop, job openings fell to their lowest level since April 2021.
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679 days ago
U.S. Factory Orders Rebound Slightly More Than Expected In March
Reflecting a surge in new orders for durable goods, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods increased by slightly more than expected in March. The Commerce Department said factory orders advanced by 0.9 percent in March after slumping by a revised 1.1 percent in February.
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679 days ago
Eurozone Manufacturing Sector Shrinks For Tenth Straight Month
Euro area manufacturing activity contracted for the tenth straight month in April with the latest fall being the biggest since May 2020 on declining production and orders, final data from S&P Global and Hamburg Commercial Bank showed Tuesday. The HCOB factory Purchasing Managers' Index dropped to 45.8 in April from 47.3 in March. Nonetheless, the reading was slightly above the flash of 45.5.
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679 days ago
more news
UK House Prices Log Unexpected Increase In April- Nationwide
UK house prices rose unexpectedly in April after posting seven consecutive declines suggesting that the housing market is stabilizing after the mini-budget shattered financial markets last year. House prices posted an annual fall of 2.7 percent, which was slower than the 3.1 percent decrease in March, the Nationwide Building Society said Tuesday.
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679 days ago
Asia To Contribute Nearly 70% Of Global Growth Led By China, India: IMF
The Asia-Pacific region is set to contribute about 70 percent of the global expansion this year, led by the recovery in China and the resilient growth in India that are projected to account for more than half of the world economic output growth, the International Monetary Fund said. Growth in Asia and the Pacific is projected to increase this year to 4.6 percent from 3.8 percent in 2022.
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679 days ago
Bay Street Likely To Open Slightly Weak
Canadian shares are likely to open lower on Tuesday, tracking weak crude oil prices and weakness in European markets.
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679 days ago
Currency Markets Mirror Rate Hike Expectations
Currency market movements during the week spanning April 21 to 28 reflected the anxiety, hopes and expected divergence amidst the monetary policy reviews by key central banks
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679 days ago
IPG Photonics Guides Q2 In Line With View; Q1 Results Top Estimates
While reporting financial results for the first quarter on Tuesday, IPG Photonics Corp. (IPGP) provided earnings and revenue guidance for the second quarter, in line with estimates.
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679 days ago
Pfizer Q1 Results Top Estimates; Reaffirms FY23 Outlook
Drug major Pfizer Inc. reported a profit for the first quarter that decreased 30 percent from last year, hurt by a 29 percent revenue drop amid a decline for COVID-19 products and an unfavorable impact of foreign exchange. Both adjusted earnings and quarterly revenues topped analysts' expectations. The company also reaffirmed its adjusted earnings and revenue guidance for the full-year 2023.
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679 days ago
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