Forex News
European Stocks Down Firmly In Negative Territory On Recession Fears
European stocks are down in negative territory a little past noon on Friday amid rising concerns about a recession in the U.S. and several other major economies due to rising interest rates.
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850 days ago
Pound Moves Down As Weak Retail Sales Data Fuels Recession Concerns
The pound fell sharply against its major counterparts in the European session on Friday, as U.K. retail sales declined more than expected in August, suggesting that the economy is falling into a recession.
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850 days ago
Agios Says CHMP Adopts Positive Opinion For PYRUKYND To Treat Pyruvate Kinase Deficiency In Adults
Agios Pharmaceuticals, Inc. (AGIO) announced Friday that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) adopted a positive opinion on September 15, 2022, recommending the granting of a marketing authorization for PYRUKYND (mitapivat) for the treatment of pyruvate kinase (PK) deficiency in adult patients.
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850 days ago
CAC-40 Drops As Sentiment Worsens Globally
CAC-40 is trading more than a percent lower than the levels on Thursday as sentiment dampened amidst fears of a recession. Fears of high inflation forcing central banks to tighten up the fight against inflation worsened, amidst the Euro Area Inflation for the month of August being confirmed at 9.1 percent.
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850 days ago
NextMart To Further Lower Authorized Common Stock To 250 Mln Shares Of Common Stock
NextMart, Inc. (NXMR) announced Friday that the Company plans on lowering its authorized Common Stock down to 250,000,000 shares of Common Stock in a two-step corporate action process.
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850 days ago
Sensex, Nifty End Sharply Lower As Stocks Plunge On Recession Fears
After a weak start Friday morning, Indian shares kept sliding lower and lower as the session progressed as selling intensified at several counters from across various sectors amid mounting fears over a possible recession in the U.S. due to rising interest rates.
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850 days ago
Gilead Sciences Says CHMP Adopts Positive Opinion To Extend Indication Of Veklury
Gilead Sciences, Inc. (GILD) announced Friday that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) adopted a positive opinion to extend the indication of Veklury (remdesivir) for the treatment of pediatric patients (weighing at least 40 kg) who do not require supplemental oxygen and are at increased risk of progressing to severe COVID-19 as well as pediatric patients (4 weeks of age and older and weighing at least 3 kg) with SARS-CoV-2 with pneumonia who require supplemental oxygen (low- or high-flow oxygen or other non-invasive ventilation at the start of treatment).
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850 days ago
more news
UK Retail Sales Decline Worse Than Expected
UK retail sales declined more than expected in August as the cost of living crisis weighed on consumer spending, official data showed Friday. The retail sales volume declined 1.6 percent month-on-month, in contrast to July's revised 0.4 percent increase, the Office for National Statistics reported. Economists had forecast a moderate 0.5 percent decline.
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850 days ago
DAX Dips As Recession Concerns Mount
The German stock market benchmark DAX plunged again for the fourth successive day as recession fears dampened market sentiment. The energy crisis as well as the fears of harsh monetary policy environment globally exacerbated the sell-off across sectors.
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850 days ago
Asian Stocks Retreat Amidst Renewed Fed Fears
Asian stocks finished mostly lower, tracking Wall Street's losses on Thursday amidst fresh concerns over a hawkish interest rate decision by the Fed in its review next week. Retail Sales in the U.S. grew 0.3 percent in August versus a 0.4 percent decline in July and expectations of a flat reading. The losses are despite an unexpected jump in China's industrial output.
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850 days ago
U.S. Dollar Appreciates On Fed Rate Hike Prospects
The U.S. dollar climbed against its major counterparts in the Asian session on Friday along with treasury yields, on hopes that the Federal Reserve will continue to raise rates aggressively following strong U.S. economic data released overnight.
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850 days ago
European Stocks Seen Opening On A Weak Note
European stock markets are expected to open on a negative note on Friday amidst a negative sentiment worldwide driven by fears the Fed would be willing for a fierce combat against inflation.
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850 days ago
Sensex, Nifty Tumble On Growth Worries; Technology Stocks Drifting Lower
Indian shares are languishing in negative territory Friday morning after opening on a weak note amid concerns the Federal Reserve's moves to tame inflation through aggressive rate hikes might result in the world's largest economy falling into a recession.
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850 days ago
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