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MIND Technology Gets Addl. Orders For High-Speed Multibeam Side Scan Sonar Systems From U.S. Navy
(RTTNews) - MIND Technology, Inc. (MIND) announced Tuesday that its Klein Marine Systems subsidiary has received additional orders for its high-speed multibeam side scan sonar systems for delivery to the U.S. Navy.
These orders have an aggregate value of approximately $1.3 million and are expected to be delivered in this fiscal year.
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Swiss Franc Recovers Against Majors
The Swiss franc recovered against its major counterparts in the New York session on Friday.
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Euro Advances Against Most Majors
The euro climbed against its most major counterparts in the New York session on Friday.
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Canadian Market Slightly Lower In Cautious Trade
After three successive days of gains, the Canadian market is exhibiting weakness on Friday and looks set to end the day's session on a negative note.
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Swiss Market Ends Modestly Higher
The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
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European Stocks Close Higher
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U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
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Russia Holds Key Interest Rate As Expected
The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
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UK Retail Sales Rise; Consumer Sentiment Weakens
UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
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