The optimistic resolve that helped the markets to withstand a pullback yesterday may be put to test on Thursday, as they await directional cues. The major U.S. index futures currently point to a lower opening after Asian stocks closed mixed. The major European averages are also currently lower. The mood in the domestic markets may also hinge on a couple of reports.
French conglomerate Bouygues Thursday said its first-half net profit increased significantly from last year due to a capital gain recorded in the period. The company lowered its revenue outlook for the year, after cautioning about the slowdown in public-sector orders in France.
French producer of spirits and wines Pernod Ricard SA Thursday reported a 13 percent fall in fiscal year net profit, as annual sales dropped 7 percent, hurt by sharp sales decline in China, as well as unfavorable foreign exchange effect.
French resource management firm Veolia Environnement S.A. (VE) Thursday reported a jump in its profit for the first half of the year, supported by growth in revenues. Further, the company reaffirmed its full-year outlook.
Japanese automakers Toyota Motor Corp. (TYT.L, TM), Honda Motor Co. Ltd. (HMC), Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) and Mitsubishi Motors Corp. (7211, MMTOF.PK) Thursday reported production details for the month of July. While Toyota and Honda reported increased production, Nissan and Mitsubishi reported declines from last year.
Cloud software provider Workday Inc reported a wider loss for the second quarter, hurt by operating expenses that offset robust growth in revenue. Results, however, fared better than Wall Street estimates, and the company lifted its guidance for the full year.
Guess reported a steeper-than-expected decline in second-quarter profit as the fashion apparel retailer was hurt by soft demand in North America and Europe, with margins under pressure. It provided pale guidance for the third quarter and cut expectations for the full year, sending its shares down about 8 percent in after-hours trade...
Williams-Sonoma Inc. (WSM) Wednesday reported an increase in profit for the second quarter, driven largely by growth in revenues and lower expenses with earnings in line with expectations. Nonetheless, revenues for the quarter fell short of estimates, as same-store sales slowed.
Moving ahead, the...
Wall Street was quiet on Wednesday as the major averages bounced around the unchanged mark for most of the session.
The S&P 500 failed to extend record highs after posting its first close above 2,000 on Tuesday.
The S&P 500 added a fraction to 2,000.12, while the Dow Jones Industrial Average rose...
U.S. crude oil ended a tad higher on Wednesday, after a weekly official oil report from the U.S. Energy Information Administration showed crude stockpiles in the U.S. to have dropped more than expected last week.
Nonetheless, the gains were checked after data indicated ample supplies in the U.S. with...
Gold futures ended a shade lower on Wednesday, trading in a narrow band for much of the day with little economic cues for direction. Investors also continued to opt for the riskier equity assets after the S&P 500 posted its first-ever finish above the 2,000 mark yesterday.
Nonetheless, the losses...
It has been a sluggish day on Wall Street. The major averages are showing slight gains during mid-afternoon trading, but they have bounced around the unchanged mark for most of the session. The S&P 500 is struggling to hold above the 2,000 mark after closing above that level the day before.
U.S. stocks were poised for a lackluster open Wednesday, with the S&P 500 clinging to the 2,000 mark following yesterday's record closing high above level.
Futures for the Dow Jones Industrial Average rose 12 points, or 0.1%, to 17,109, while those for the S&P 500 index were holding at 2000.00. Futures...
German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday.
The Financial Conduct Authority or FCA Wednesday announced that it has fined Royal Bank of Scotland Group Plc and its unit National Westminster Bank Plc or NatWest 14.475 million pounds for serious failings in their advised mortgage sales business.