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European Stocks Rise On Easing Inflation, Oil Price Decline
European stocks closed on a firm note Monday as oil price declines eased inflation and interest rate concerns. Brent crude futures fell 4.5% amid expectations for Strait of Hormuz reopening, while easing AI infrastructure spending worries added to positive sentiment.
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1天前
U.S. Construction Spending Unexpectedly Edges Lower In June
Construction spending in the U.S. unexpectedly edged modestly lower in the month of June, according to a report released by the Commerce Department on Monday. The report said construction spending slipped by 0.1 percent to an annual rate of $2.167 trillion in June after coming in unchanged at a revised rate of $2.169 trillion in May.
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1天前
U.S. Manufacturing Index Climbs To Four-Year High In July
The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing activity increased by more than expected in the month of July. The ISM said its manufacturing PMI climbed to 55.6 in July from 53.3 in June, with a reading above 50 indicating growth in the sector. Economists had expected the index to rise to 54.0.
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1天前
Dollar Retreats Amidst Soft Inflation Data
The U.S. dollar declined against major currencies during the week ended July 31 amidst weaker-than-expected inflation data from the U.S. that cast doubts on the Fed's ability to hike interest rates immediately.
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1天前
Tyson Foods Q3 Profit Surges
Meat processor Tyson Foods, Inc. reported Monday a profit for the third quarter that surge from last year, reflecting improved operating margins and lower income tax expense amid continued strength in chicken and prepared foods. Sales also improved in four out of the company's five operational segments.
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1天前
Eurozone Manufacturing Activity Strengthens
The euro area manufacturing activity strengthened in July as production posted its biggest expansion in nearly four-and-a-half years, final data from S&P Global showed Monday. The Purchasing Managers' Index edged up to 51.9 in July from 51.4 in June, signaling the strongest improvement in factory operating conditions since April. However, the score was slightly below the flash estimate of 52.0.
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1天前
U.K. Stocks Turning In Mixed Performance
U.K. stocks turned in a mixed performance Monday morning with investors largely making cautious moves despite easing geopolitical tensions and a sharp drop in oil prices.
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1天前
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CAC 40 Climbs To 5-Month Peak On Iran De-escalation, Oil Drop
France's CAC 40 index climbed to a five-month high Monday, gaining 1.4% after U.S. President Donald Trump cancelled planned military strikes on Iran. Easing geopolitical concerns and a sharp drop in crude oil prices boosted investor appetite for equities.
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1天前
Indian Shares Rise As Oil Prices Plunge On Iran Deal Hopes
Indian shares rose notably on Monday, with a weaker dollar in international markets, renewed foreign fund inflows and cooling crude oil prices helping underpin investor sentiment.
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1天前
German Equities Rally On Geopolitical Relief, PMI Surge
The DAX advanced 348.52 points or 1.36% to 25,979.30 as oil prices fell and geopolitical tensions eased. U.S. President Donald Trump cancelled planned military strikes on Iran, signaling potential progress in negotiations. Germany's July manufacturing PMI reached 52.2, the highest in four months.
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1天前
Gold Edges Higher As Dollar Dips After Coordinated Yen Intervention
Gold ticked higher on Monday as the dollar dipped on Iran peace deal hopes and after joint intervention by the United States and Japan to prop up the Japanese yen.
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1天前
Oil Prices Slump As Traders Eye US-Iran Peace Talks
Oil prices tumbled on Monday as U.S.-Iran tension eased and OPEC+ approved an oil production increase of 188000 barrels per day for September 2026, completing the planned unwinding of a major round of supply cuts introduced in 2023.
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1天前
European Shares Climb On Iran Diplomacy Hopes
European stocks were mostly higher on Monday while oil prices fell about 5 percent after U.S. President Donald Trump cancelled planned military strikes on Iran and said there is a 'good chance' of progress in talks aimed at ending months of fighting.
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1天前
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