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Eurozone Economic Confidence At 15-Month Low

Eurozone Economic Confidence At 15-Month Low

Eurozone economic confidence weakened to a 15-month low in June, reflecting the deterioration of morale among consumers and construction managers, survey results from the European Commission showed Wednesday. The economic confidence index fell to 104.0 in June from 105.0 in May. This was the lowest score since March 2021 but remained above economists' forecast of 103.0.
RTTNews | 913 gün önce
Indian Rupee Hits Record Low Against U.S. Dollar

Indian Rupee Hits Record Low Against U.S. Dollar

The Indian rupee drifted lower against the U.S. dollar in evening deals on Wednesday, as renewed concerns about inflation and the risk of recession dragged down regional stocks.
RTTNews | 913 gün önce
Lilly To Supply Addl. 150K Doses Of Bebtelovimab To U.S. Government For About $275 Mln

Lilly To Supply Addl. 150K Doses Of Bebtelovimab To U.S. Government For About $275 Mln

Eli Lilly and Co. (LLY) announced Wednesday a modified purchase agreement with the U.S. government to supply an additional 150,000 doses of bebtelovimab for approximately $275 million. The existing U.S. government supply of bebtelovimab, including the new purchase, is expected to meet present demand through late August 2022.
RTTNews | 913 gün önce
McCormick Slashes FY22 Earnings Outlook - Update

McCormick Slashes FY22 Earnings Outlook - Update

While reporting financial results for the second quarter on Wednesday, flavor maker McCormick & Co., Inc. (MKC) trimmed its earnings and adjusted earnings guidance for the full year 2022, while maintaining annual sales growth outlook.
RTTNews | 913 gün önce
Sensex, Nifty Snap Four-day Winning Streak

Sensex, Nifty Snap Four-day Winning Streak

Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee, which fell 19 paise to close at a new record low of 79.04 against the dollar.
RTTNews | 913 gün önce
European Shares Decline After Spain Inflation Surge

European Shares Decline After Spain Inflation Surge

European stocks fell on Wednesday following a three-day rally. A cautious undertone prevailed ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.
RTTNews | 913 gün önce
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CAC 40 Slides Ahead Of Powell's Speech

CAC 40 Slides Ahead Of Powell's Speech

French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.
RTTNews | 913 gün önce
DAX Slips On Recession Worries

DAX Slips On Recession Worries

German shares fell sharply on Wednesday as dire U.S. consumer confidence data released overnight stoked concerns about the economic and earnings outlook.
RTTNews | 913 gün önce
Australian Dollar Falls; Yen Rises On Recession Concerns

Australian Dollar Falls; Yen Rises On Recession Concerns

The Australian dollar declined against its major counterparts in the Asian session on Wednesday, while the Japanese yen advanced, as Asian stock markets are mostly lower, following the broadly negative cues overnight from Wall Street, after data showed that U.S. consumer confidence fell sharply in June, renewing concerns about inflation and the risk of recession.
RTTNews | 913 gün önce
Asian Shares Decline On Recession Worries

Asian Shares Decline On Recession Worries

Asian stocks fell on Wednesday as investors fretted over high inflation and the possibility of a recession. Risk-off sentiment boosted the safe-haven dollar while crude prices declined after a three-day rally.
RTTNews | 913 gün önce

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