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Dollar Loses Ground Against Major Counterparts

Dollar Loses Ground Against Major Counterparts

The U.S. dollar drifted lower in the U.S. session on Tuesday after moving along the flat line during Asian and European sessions, weighed down by rising prospects of interest rate cuts by the Federal Reserve this year, and on uncertainty about the outlook for economic growth.
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Swiss Market Ends Weak After Cautious Session

Swiss Market Ends Weak After Cautious Session

The Switzerland market closed weak on Tuesday as stocks drifted lower after a slightly positive move in early trades. The mood was cautious with investors looking for direction ahead of some key economic data, including inflation reports from the U.S. this week.
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European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly higher on Tuesday with investors focusing on quarterly earnings updates and awaiting results from Nvidia, and some crucial economic data, including U.S. inflation readings, due later in the week.
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Swiss Franc Climbs In Cautious Trade

Swiss Franc Climbs In Cautious Trade

The Swiss franc was higher against its major counterparts in the New York session on Tuesday, as caution prevailed ahead of earnings results from Nvidia and U.S. personal consumption expenditure data due on Friday.
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Canadian Market Remains Weak Despite Recovering From Early Setback

Canadian Market Remains Weak Despite Recovering From Early Setback

After a weak start and a subsequent fall to lower levels, the Canadian market regained some lost ground Tuesday morning, but remained in negative territory around noon with losses in energy, materials and healthcare sectors contributing to the weakness.
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U.S. Consumer Confidence Unexpectedly Continues To Improve In August

U.S. Consumer Confidence Unexpectedly Continues To Improve In August

The Conference Board released a report on Tuesday unexpectedly showing a modest improvement by U.S. consumer confidence in the month of August. The report said the Conference Board's consumer confidence index rose to 103.3 in August from an upwardly revised 101.9 in July.
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ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the fourth quarter decreased to $16.10 million or $0.64 per share from $17.10 million or $0.68 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.80 per share, compared to $0.76 per share in the year-ago quarter.
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Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Weak crude oil prices and lower earnings from Bank of Montreal and Bank of Nova Scotia may weigh on sentiment and set up a weak start for Canadian shares Tuesday morning.
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UK Shop Prices Fall For First Time In Nearly 3 Years: BRC

UK Shop Prices Fall For First Time In Nearly 3 Years: BRC

UK shop prices declined for the first time in nearly three years in August as deep discounting to shift summer stocks pushed down non-food prices further, data released by the British Retail Consortium showed on Tuesday. The shop price index declined 0.3 percent year-on-year in August, in contrast to the 0.2 percent increase in July. This was the lowest rate since October 2021. The three-month a
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