Forex News
AT&T Reiterates FY24 Outlook - Update
While reporting financial results for the second quarter on Wednesday, telecom giant AT&T, Inc. (T) reiterated its adjusted earnings guidance for the full-year 2024.
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96 days ago
Boston Scientific Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Wednesday, medical devices company Boston Scientific Corp. (BSX) raised its adjusted earnings and sales growth guidance for the full-year 2024.
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96 days ago
Sensex, Nifty End Off Day's Lows; Financials And FMCG Stocks Lead Losses
Indian shares fell modestly on Wednesday, with weak global cues and the government's decision to raise tax on capital gains and on trading derivatives dampening sentiment.
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96 days ago
German Private Sector Slips Into Contraction On Weak Manufacturing
Germany's private sector slipped into contraction in July due to the deeper decline in manufacturing and slower growth of services activity, flash survey results from S&P Global showed on Wednesday. The HCOB composite output index dropped unexpectedly to 48.7 in July from 50.4 in June. The reading was seen at 50.7.
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96 days ago
Deutsche Bank Stock Dips On Q2 Loss On Postbank Litigation Provision
Shares of Deutsche Bank AG were losing around 7 percent in the morning trading in Germany as well as in the pre-market activity on the NYSE after the banking major reported a loss in its second quarter, compared to prior year's profit, hit by a hefty litigation provision related to the takeover of Postbank AG. Revenues, however, grew mainly on the strength of double-digit growth in commissions...
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96 days ago
European Shares Decline Amid Earnings Deluge
European stocks were moving lower on Wednesday as a survey showed business activity in the eurozone slowed further in July, signaling a "near-stagnation" and raising concerns about economic recovery.
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96 days ago
FTSE 100 Declines On China Concerns
U.K. stocks declined on Wednesday, with concerns about China's economic recovery as well as disappointing earnings results from Alphabet and Tesla weighing on sentiment.
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96 days ago
more news
France Private Sector Moves Closer To Stabilization
France's private sector output moved closer to stabilization in July as the Olympic Games fueled economic activity, flash survey data compiled by S&P Global showed on Wednesday. The HCOB composite output index posted 49.5 in July, up from 48.2 in June. The score was expected to climb moderately to 48.9. A score above the threshold 50.0 indicates expansion.
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96 days ago
CAC 40 Declines With Earnings In Focus; Luxury Stocks Worst Hit
French stocks traded sharply lower on Wednesday after Google parent Alphabet and electric vehicle maker Tesla reported disappointing financial results.
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96 days ago
DAX Drifts Lower As Business Activity Contracts In July
German stocks fell on Wednesday as a survey showed business activity in the country stumbled in July after three months of growth.
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96 days ago
Asian Shares Decline On Earnings, China Concerns
Asian stocks struggled for direction before closing mostly lower on Wednesday after the release of disappointing earnings from Tesla and Alphabet.
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96 days ago
German Consumer Confidence To Improve In August
German consumer confidence is set to improve moderately in August on improving income prospects and willingness to buy, a survey showed on Wednesday. The consumer confidence index improved to -18.4 in August from revised -21.6 in July, the survey published jointly by GfK and the Nuremberg Institute for Market Decisions showed.
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96 days ago
Sri Lanka Central Bank Cuts Rates Unexpectedly
Sri Lanka central bank lowered its policy rates unexpectedly on Wednesday as inflation is expected to remain below the target over coming months. The Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate by 25 basis points to 8.25 percent and the Standing Lending Facility Rate to 9.25 percent.
The bank had reduced rates by a cumulative 625 basis points since 2023.
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96 days ago
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