Forex News
Under Armour Down 9% On Weak FY25 Outlook; Announces Restructuring - Update
While reporting financial results for the fourth quarter on Thursday, Under Armour, Inc. (UA) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2025, well below estimates.
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23h 44min ago
Bay Street Likely To See Muted Open
It's likely to be a muted start for Canadian stocks Thursday morning, amid a lack of positive triggers from global stock markets, and a mixed trend in the commodities markets.
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1 day ago
Philippine Central Bank Hints At Rate Cut
The Philippine central bank hinted at an interest rate reduction in the third or fourth quarter of this year after policymakers decided to leave the benchmark interest rate unchanged for the fifth straight session on Thursday. The Monetary Board of the Bangko Sentral ng Pilipinas, governed by Eli Remolona, maintained the target reverse repurchase rate at 6.50 percent.
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1 day ago
Walmart Stock Up 5% On Rosy Q2, FY25 Outlook - Update
While reporting financial results for the first quarter on Thursday, retail giant Walmart, Inc. (WMT) initiated its adjusted earnings and net sales growth guidance for the second quarter, well above analysts' estimates. It also maintained full-year 2025 outlook.
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1 day ago
Siemens Stock Dips On Weak Q2 Profit, Orders; Backs FY24 View
Shares of Siemens AG were declining around 5 percent in German trading after the conglomerate reported Thursday weak profit in its second quarter on the absence of prior year's hefty gain as well as lower revenues. Orders also were lower in the quarter. Further, the firm confirmed its fiscal 2024 outlook, but trimmed outlook for Digital Industries comparable revenue and margin.
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1 day ago
JD.com Q1 Profit Rises 13.9%; Revenue Up 7%
e-commerce company JD.com, Inc. (JD) reported Thursday a net income attributable to ordinary shareholders for the first quarter of RMB7.13 billion or $987 million, compared to RMB6.26 billion in the year-ago quarter. Net income per ADS was RMB4.53 or $0.63, up 15.3 percent from RMB3.93 last year.
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1 day ago
Sensex, Nifty End Notably Higher On Soft US Data
Indian shares rose notably on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024.
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1 day ago
more news
European Shares Subdued As Investors Await Fed Comments
European stocks were subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus.
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1 day ago
FTSE 100 Dips On Mixed Earnings
U.K. stocks were slightly lower on Thursday as investors reacted to mixed earnings results and awaited comments from Federal Reserve officials for additional clues on the rate outlook.
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1 day ago
CAC 40 Dips With Rate-cut Bets Back In Focus
French stocks were subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus.
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1 day ago
DAX Slips Into Red On Earnings; Siemens Falls Over 4%
German stocks were slightly lower on Thursday, after having gained notably the previous day on expectations surrounding possible interest-rate cuts by the Federal Reserve this year.
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1 day ago
Asian Shares Rally On US Rate-cut Bets
Asian stocks rallied on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024.
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1 day ago
Antipodean Currencies Rise Amid Risk Appetite
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Thursday amid risl appetite, as traders reacted positively to a closely watched report on U.S. consumer price inflation that showed a smaller-than-expected increase in the month of April to reinforce expectations the U.S. Fed will begin cutting interest rates in September.
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1 day ago
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