May 22, 2024 7:34 am
The NZD/CAD currency pair scaled a fresh 21-week peak on Wednesday, after the Reserve Bank of New Zealand raised its forecast for peak interest rates and pushed back potential rate cuts, citing persistently high inflation. The central bank left its official cash rate unchanged at 5.5% for a seventh consecutive policy meeting in May, in […]
Read moreMay 21, 2024 2:36 pm
Annual headline consumer inflation in Canada has cooled to 2.7% in April from 2.9% in March, the latest data by Statistics Canada showed. The CPI reading came in line with market consensus and also marked the lowest inflation rate since March 2021. The latest reading was also consistent with Bank of Canada’s projections that inflation […]
Read moreMay 21, 2024 12:06 pm
The Euro Area reported a trade surplus of EUR 24.1 billion in March, which compares with EUR 19.1 billion surplus in the same month a year earlier, the latest data by Eurostat showed. It has been the bloc’s biggest trade surplus since December 2020. In comparison, a consensus of analyst estimates had pointed to a […]
Read moreMay 21, 2024 9:46 am
AstraZeneca said on Monday that it planned to establish a $1.5 billion manufacturing facility in Singapore for antibody drug conjugates (ADCs), which would bolster global supply of its ADC portfolio. ADCs represent next-generation treatments, which deliver highly potent cancer-killing agents directly to cancer cells via a targeted antibody. Supported by the Singapore Economic Development Board, […]
Read moreMay 21, 2024 8:32 am
Barclays said in a note that the upside for Johnson Controls International PLC’s stock might not be “substantial” from this point onward, after it became clear activist investor Elliott Investment Management held an over $1 billion stake. “While there has been relatively little activism in the MI sector in recent years, this news should not […]
Read moreMay 20, 2024 12:09 pm
Consumer confidence in Spain has increased to levels last seen in July 2023 in April, data showed on Monday. The gauge of consumer confidence came in at a reading of 84.5 in April, up from 82.5 in the prior month. The latest result was mostly supported by a more optimistic outlook for the future, with […]
Read moreMay 20, 2024 10:18 am
Westinghouse Air Brake Technologies Corp (NYSE: WAB) said on Friday that its Board of Directors had authorized a regular quarterly dividend of $0.20 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 28th 2024, the company said. The dividend […]
Read moreMay 20, 2024 7:39 am
Spot Silver scaled a fresh 11 1/2-year peak of $32.518 per troy ounce on Monday, as indications of easing inflation in the United States added to market expectations the Federal Reserve could reduce borrowing costs soon. Markets are now pricing in about a 65% chance of a Fed rate cut occurring by September, according to […]
Read moreMay 19, 2024 3:59 pm
France’s jobless rate was reported at 7.5% during the first quarter of the year, stable compared to the prior two quarterly periods. In comparison, a consensus of analyst estimates had pointed to a drop to 7.4%. The total number of unemployed individuals went up by 6,000 compared to the preceding quarter to 2.3 million, data […]
Read moreMay 19, 2024 12:36 pm
Foreign investors’ exposure to Canadian securities has expanded by a net $14.37 billion in March following a net divestment of $4.28 billion in February, the latest data by Statistics Canada showed. It has been the highest figure since June 2023 and it well outpaced market consensus of $3.51 billion. In March, foreign investors acquired $17.9 […]
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