Gold futures ended higher on Wednesday, on some soft economic data from the U.S. with an ISM report showing manufacturing activity to have slowed down more than expected in September, even as investors turned to the precious metal with most global equity markets heading south.
The uptick in gold prices...
After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions.
With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
Growth in U.S. manufacturing activity saw a notable slowdown in the month of September, according to a report released by the Institute for Supply Management on Wednesday, with the index of activity in the sector pulling back off a three-year high.
With traders reacting negatively to the latest batch of U.S. economic data, stocks have moved sharply lower in early trading on Wednesday. The major averages have slid firmly into negative territory, adding to the modest losses posted in the two previous sessions.
Lighting fixtures maker Acuity Brands, Inc. on Wednesday reported a 22 percent increase in profit for the fourth quarter from last year, reflecting double-digit sales growth. Both earnings per share and quarterly revenues beat analysts' expectations.
Employment in the U.S. private sector increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday, with employment rising by more than 200,000 jobs for the sixth straight month.
After ending each of the two previous sessions modestly lower, stocks may see some further downside in early trading on Wednesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 34 points.
The space agencies of the United States and India have agreed to launch a satellite mission to observe Earth and establish a pathway for future joint missions to explore Mars. In a meeting Tuesday in Toronto, NASA Administrator Charles Bolden and Indian Space Research Organisation's (ISRO) chairman K. Radhakrishnan signed two documents for the joint venture. While attending the International Ast
Wall Street sentiment is guarded, with the major index futures pointing to a slightly lower opening on Wednesday following yesterday's uneasy outing. Earlier in the global trading day, Asian markets that were open for trading ended on a mixed note amid the release of mixed data from the region. The European...
The Eurozone manufacturing moved closer to stagnation in September as German factory sector contracted for the first time in 15 months, final data from Markit Economics showed Wednesday. The manufacturing Purchasing Managers' Index fell more than intially estimated to a 14-month low of 50.3 from August's reading 50.7. The reading was below the earlier flash estimate of 50.5.
German sports goods giant Adidas AG (ADDYY.PK, ADDDF.PK) Wednesday said it decided to return up to 1.5 billion euros to its shareholders over the next three years, primarily in the form of share repurchase. The company intends to start buying back shares in the fourth quarter. The stock added over 4 percent in early morning trading.
J Sainsbury Plc, the parent company of British supermarket chain Sainsbury's Supermarkets Ltd., Wednesday said its second-quarter sales declined 2.3 percent from last year, hurt by deflationary environment. On a like-for-like basis, sales fell 4.1 percent.
The European markets are likely to open on a subdued note Wednesday amid losses on Wall Street overnight and continued pro-democracy protests in Hong Kong for greater democracy. Urging protesters to back reforms set out by Beijing, Hong Kong leader CY Leung said that the occupation of streets in several...
Stocks settled lower Tuesday, as tepid economic data raised concerns about the pace of the U.S. recovery. Markets were jittery on the final day of the third quarter, ahead of Friday's all-important monthly jobs report for September.
The Dow Jones Industrial Average dropped 28.32 points, or 0.2 percent,...