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Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open with a negative gap on Thursday, tracking weak commodity prices and European markets, amid concerns about growth and tighter policy stance by global central banks.
RTTNews | 811 дней спустя
Zoetis Again Slashes FY22 Outlook As Q3 Results Miss Estimates; Stock Down 11%

Zoetis Again Slashes FY22 Outlook As Q3 Results Miss Estimates; Stock Down 11%

While reporting financial results for the third quarter on Thursday, animal health company Zoetis Inc. (ZTS) again slashed its earnings, adjusted earnings and revenue guidance for the full year 2022, to reflect lower than expected sales due to continued supply constraints, veterinary workforce challenges, as well as the negative impact of recent changes to foreign exchange rates.
RTTNews | 811 дней спустя
Moderna Stock Plunges 12% As Q3 Results Miss Estimates

Moderna Stock Plunges 12% As Q3 Results Miss Estimates

Biotechnology company Moderna, Inc. reported a profit for the third quarter that plunged 69 percent from last year, reflecting a drop in COVID-19 vaccines sales and higher operating expenses. Both earnings per share and revenues for the quarter missed analysts' expectations.
RTTNews | 811 дней спустя
Pound Drops After BoE Decision

Pound Drops After BoE Decision

As expected, the Bank of England raised its key rate by 75 basis points to 3 percent from 2.25 percent.
RTTNews | 811 дней спустя
Pound Mixed Ahead Of BoE Decision

Pound Mixed Ahead Of BoE Decision

The Bank of England's monetary policy announcement is due at 8:00 am ET Thursday. The BoE is widely expected to raise its key rate by 75 basis points to 3 percent from 2.25 percent.
RTTNews | 811 дней спустя
UK Service Sector Shrinks For First Time Since Early 2021

UK Service Sector Shrinks For First Time Since Early 2021

The UK service sector shrank in October for the first time since early 2021, as heightened political and economic uncertainty weighed on investment decisions and sentiment, final data from S&P Global showed on Thursday. The Chartered Institute of Procurement & Supply services Purchasing Managers' Index posted 48.8 in October, down from 50.0 in September.
RTTNews | 811 дней спустя
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Sensex, Nifty End Choppy Session Modestly Lower

Sensex, Nifty End Choppy Session Modestly Lower

Indian shares fluctuated before finishing modestly lower on Thursday, tracking weak global markets as hawkish comments from Fed Chair Jerome Powell dashed hopes around easing of monetary tightening from December, and China affirmed that a zero-tolerance approach continues to be the overall strategy in tackling COVID-19.
RTTNews | 811 дней спустя
BMW Q3 Profit Climbs, Backs FY22 View; Stock Down

BMW Q3 Profit Climbs, Backs FY22 View; Stock Down

German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries. Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 percent in the morning trading.
RTTNews | 811 дней спустя
European Shares Tumble After Fed Meeting; BoE Meet Eyed

European Shares Tumble After Fed Meeting; BoE Meet Eyed

European stocks fell sharply on Thursday after the U.S. Federal Reserve fully reaffirmed its commitment to fight inflation and signaled it was "very premature" to think about pausing the tightening cycle.
RTTNews | 811 дней спустя
Asian Shares Slip On Hawkish Fed, China COVID Concerns

Asian Shares Slip On Hawkish Fed, China COVID Concerns

Asian stocks followed Wall Street lower on Thursday, as investors reacted to hawkish comments from Fed Chair Jerome Powell on the outlook for inflation and rates, and China's affirmation that a zero-tolerance approach continues to be the overall strategy in tackling COVID-19.
RTTNews | 811 дней спустя

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