Forex News
European Stocks Close Higher As Investors Cheer Economic Data
European stocks closed higher on Wednesday, reacting positively to UK consumer price inflation data, and amid continued optimism about a sharp cut in U.S. interest rate in September.
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132 days ago
U.S. Consumer Prices Rise In Line With Estimates In July, Annual Growth Unexpectedly Slows
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices matched expectations.
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132 days ago
Slower Services Inflation In UK Strengthens Case For More BoE Rate Cuts
UK consumer price inflation rose less than expected in July as services price growth slowed to its lowest in over two years, strengthening the call for more interest rate cuts from the Bank of England. The consumer price index moved up 2.2 percent in July from a year ago, following June's 2.0 percent increase, the Office for National Statistics reported Wednesday.
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132 days ago
U.S. Consumer Prices Rise In Line With Estimates In July
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices matched expectations.
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132 days ago
Yen Falls As European Shares Inch Higher After GDP Data
The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors digested key Eurozone data and looked forward to the release of U.S. CPI data later in the day for additional clues on the interest-rate outlook.
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132 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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132 days ago
Arcos Dorados Q2 Net Profit Declines
Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the second quarter declined to $26.63 million or $0.13 per share from $28.37 million or $0.13 per share in the prior-year quarter.
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132 days ago
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ODP CFO Anthony Scaglione To Step Down
The ODP Corp. (ODP) announced Wednesday that Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity. His last day will be September 13, 2024.
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132 days ago
Cardinal Health Lifts FY24 View Above Market After Profit In Q4, Plans Buyback; Stock Up
Shares of Cardinal Health, Inc. were gaining more than 7 percent in the pre-market activity on the NYSE after the healthcare company on Wednesday raised its fiscal 2024 adjusted earnings forecast above the market after reporting a profit in its fourth quarter, compared to prior year's loss. The improved results reflected strong revenues from both segments.
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132 days ago
Performance Food Group To Acquire Cheney Brothers For $2.1 Bln Cash
Performance Food Group Co. (PFGC) announced Wednesday that it has entered into a definitive agreement with Cheney Bros., Inc., pursuant to which PFG will acquire Cheney Brothers for $2.1 billion in cash.
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132 days ago
Sensex, Nifty End Modestly Higher In Cautious Trade
Indian shares eked out modest gains on Wednesday as investors awaited the release of U.S. CPI report due later in the day that could allow the Federal Reserve to begin cutting interest rates in September.
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132 days ago
UBS Q2 Underlying Pre-tax Profit Climbs, Stock Up
Shares of UBS Group AG were gaining around 3 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the Swiss banking major reported Wednesday significant growth in second-quarter underlying profit before tax as revenues were benefited mainly by the consolidation of Credit Suisse revenues for the full quarter. Meanwhile, net profit and pre-tax profit...
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132 days ago
Eurozone GDP Rises 0.3% As Estimated
The euro area economy posted a steady growth as initially estimated in the second quarter, flash estimate published by Eurostat showed on Wednesday. Gross domestic product climbed 0.3 percent in the three months to June, which was similar to the first quarter growth and matched the estimate published on July 30.
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132 days ago
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