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ConocoPhillips Q2 Results Climb On Higher Prices; Names New CEO, CFO
Energy major ConocoPhillips reported Thursday higher profit and revenues in its second quarter, primarily due to higher prices, despite weak production. Further, the firm issued third-quarter production view, and backed fiscal 2026 outlook. Separately, the Houston-based oil and gas producer announced the appointment of current Chief Financial Officer Andy O'Brien as its next President and CEO.
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4天前
Canadian Dollar Rises As Markets Watch Hormuz Negotiations
The Canadian dollar strengthened against other major currencies in the European session on Thursday, as investors awaited further clarity on the progress of U.S.-Iran talks to reopen the Strait of Hormuz, a critical waterway for energy supplies.
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4天前
Canadian Stocks Aim For Gains As Earnings Season Heats Up
Strong earnings reports expected to support Canadian equities Thursday. Curaleaf returns to profitability with $12.5 mln net income; Keyera EPS nearly doubles. S&P/TSX closed at 36,146.42 Wednesday. PMI data and additional earnings announcements due throughout trading day.
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4天前
German Factory Orders Growth Beats Expectations
Germany's factory orders logged a stronger-than-expected growth in June but the expansion was driven by large scale orders, data from Destatis revealed Thursday. Factory orders increased 3.1 percent on a monthly basis in June, faster than economists' forecast of 0.5 percent. However, the monthly increase for May was revised down sharply to 0.3 percent from 1.9 percent.
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4天前
U.S. Weekly Jobless Claims Inch Up Less Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended August 1st.
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4天前
Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the European session on Thursday.
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4天前
Eurozone Retail Sales Fall Unexpectedly
Eurozone retail sales declined unexpectedly in June after rising moderately in May, suggesting a meagre contribution by consumption to economic growth, official data revealed Thursday. Retail sales decreased 0.3 percent in June from May, Eurostat reported. Sales had increased 0.4 percent in May but fell 0.4 percent in April.
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4天前
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UK Stocks Rise On Earnings; WPP Gains 25% On Strong Results
The FTSE 100 climbed 0.1% to 10,899.86 on positive earnings reports and geopolitical optimism. WPP, the world's largest advertising group, skyrocketed 25% after posting better-than-expected first-half profits and margins.
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4天前
Indian Shares End With Modest Gains
Indian shares ended Thursday's session with modest gains, with a weaker dollar and lower yields on the back of softer U.S. labor market data, and hopes for a U.S.-Iran deal to reopen the Strait of Hormuz helping underpin sentiment.
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4天前
UK Construction Activity Shrinks At Slowest Pace In 4 Months
The UK construction activity contracted at the slowest pace in four months in July on slower fall in new orders, purchasing managers' survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index rose to a four-month high of 44.7 from 38.4 in June. However, the index remained below the neutral 50.0 threshold.
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4天前
Deutsche Telekom Shares Gain On Higher Q2 Adj. EBITDA AL, Up To €3 Bln Buyback
Shares of Deutsche Telekom AG were gaining around 6 percent in German trading after the telecom major reported Thursday higher adjusted EBITDA AL in its second quarter with revenue growth, even as net profit declined from last year. Further, the firm maintained fiscal 2026 outlook for adjusted earnings, but raised Free cash flow AL view. Separately, Deutsche Telekom announced that it is increasing
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4天前
Gold Hovers Near Seven-week High After Weak US Data
Gold prices traded higher for a fourth straight session to hit a seven-week high on Thursday, driven by softer U.S. labor market data released overnight, a weaker dollar and lower Treasury yields.
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4天前
CAC 40 Hits Record High Amid Easing Geopolitical Tensions
France's benchmark CAC 40 index climbed to an all-time high Thursday, buoyed by easing geopolitical tensions and strong corporate earnings sentiment. The index gained 0.65% to 8,724.90. Iran's shipping agreement with Oman signaled potential reopening of the Strait of Hormuz, supporting market confidence.
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4天前
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