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European Markets Close To The Upside On Friday

European Markets Close To The Upside On Friday

The major European markets finished on a positive note on Friday, extending gains from the previous session. They opened higher and largely remained positive throughout the session, finally ending in the green.
RTTNews | 723 gün önce
U.S. Services Index Edges Slightly Lower In February

U.S. Services Index Edges Slightly Lower In February

The Institute for Supply Management released a report on Friday showing a very slight slowdown in the pace of growth in U.S. service sector activity in the month of February. The ISM said its services PMI edged down to 55.1 in February from 55.2 in January, although a reading above 50 still indicates growth in the sector.
RTTNews | 724 gün önce
Pound Higher On Strong U.K. Services PMI

Pound Higher On Strong U.K. Services PMI

The pound advanced against its most major counterparts in the European session on Friday, as the nation's service sector returned to growth in February, reducing concerns over a recession.
RTTNews | 724 gün önce
German Auto Industry Confidence Weakens In February - Ifo

German Auto Industry Confidence Weakens In February - Ifo

Optimism among Germany's automakers eased in February and they assessed the current economic situation as significantly worse as buyers were increasingly cautions amid fears of a recession, survey data from the ifo institute showed Friday. The confidence indicator for the automobile manufacturing industry more than halved in February, to 6 points from 12.5 points in January.
RTTNews | 724 gün önce
France Industrial Output Falls For First Time In 3 Months

France Industrial Output Falls For First Time In 3 Months

French industrial production declined for the first time in three months in January largely due to falling transport equipment manufacturing, official data showed on Friday. Industrial production fell 1.9 percent from December, when output grew 1.5 percent, the statistical office INSEE reported.
RTTNews | 724 gün önce
Eurozone Private Sector Expands Most Since Mid-2022

Eurozone Private Sector Expands Most Since Mid-2022

Alleviating fears of a recession, the euro area private sector activity grew the most since mid-2022 as there was a quick upturn in the services sector, while manufacturing activity landed on broad stabilization in February. The final composite output index rose to 52.0 in February from 50.3 in January, data released by S&P Global showed on Friday. The flash reading was 52.3.
RTTNews | 724 gün önce
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Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates

Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates

While reporting financial results for the fourth quarter and full-year 2023 on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) initiated earnings, sales and comparable store sales growth guidance for the full-year 2024.
RTTNews | 724 gün önce
Nordstrom To Close Canadian Operations; To Cut 2,500 Jobs

Nordstrom To Close Canadian Operations; To Cut 2,500 Jobs

Department store chain Nordstrom Inc. announced its plans to wind-down Canadian business operations with a view to intensify focus on long-term profitable growth in its core U.S. Business. The company will close all of its stores in the country, and cut around 2,500 jobs.
RTTNews | 724 gün önce
Sensex, Nifty Join Global Rally As Fed Worries Ease

Sensex, Nifty Join Global Rally As Fed Worries Ease

Indian shares followed global peers higher on Friday and the rupee hit a one-month high, as comments from a Federal Reserve official raised hopes that the Fed will stick with a 25-bps rate hike at its next meeting in March.
RTTNews | 724 gün önce
Helly Hansen Recalls Adult Workwear Sweatshirts, Hoodies

Helly Hansen Recalls Adult Workwear Sweatshirts, Hoodies

Sumner, Washington-based Helly Hansen (U.S.) Inc. is recalling adult workwear sweatshirts and hoodies citing violation of federal flammability standard and burn hazard, the U.S. Consumer Product Safety Commission said. The recall includes about 13,900 units sold in the United States. In addition, 128,680 units were sold in Canada.
RTTNews | 724 gün önce
German Exports Rebound In January

German Exports Rebound In January

Germany's exports rebounded more than expected in January underpinned by shipments to the US, although the overall increase was insufficient to offset the decline in December, official data revealed Friday. Exports increased 2.1 percent on a monthly basis in January, in contrast to the 6.3 percent decline in December, Destatis reported.
RTTNews | 724 gün önce
Lufthansa Stock Up On Q4 Profit, FY23 View For Improved Earnings

Lufthansa Stock Up On Q4 Profit, FY23 View For Improved Earnings

Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading in Germany after the flag carrier reported Friday a profit in its fourth quarter, compared to last year's loss, benefited by significant demand growth in air travel. Fiscal 2022 revenue almost doubled, and the airline projects further significant improvement in fiscal 2023 adjusted EBIT.
RTTNews | 724 gün önce

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