Dow, Nasdaq 100 and Dax make gains in early trading
While the Dow and Dax are making early gains, the Nasdaq 100 has steadied after Microsoft’s results caused it to drop to a two-month low.
Indias July Diesel, Jet Fuel Exports to Singapore, Australia Set to Hit 212year High
SINGAPORE, July 31 Reuters India39;s diesel and jet fuel shipments to Singapore and Australia are set to hit the highest levels in 212 years in July as sellers looked east with demand tepid from Europe, according to industry sources and shipping data. The jump in middle distillates exports from swing supplier India to the Asia […]
Microsofts Slow Cloud Growth Signals AI Payoff will Take Longer
Reuters Microsoft said it would spend more money this fiscal year to build out AI infrastructure even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped. Shares fell 7 on the spending forecast but pared losses to trade down 4 […]
KnifeEdge BoE Decision this Week Keeps Sterling in Check
July 30 Reuters The pound held steady against the dollar on Tuesday as investors looked to the Bank of England39;s BoE interest rate decision later in the week and assessed the fallout of spending cuts announced by the new British finance minister Sterling traded down 0.05 at 1.2854, after having touched a near threeweek low […]
Euro Zone Economy Grows but Outlook Far from Rosy
France, Spain offset German weakness Consumer confidence remains negative Inflation data to shed light on ECB rate path July 30 Reuters The euro zone39;s economy grew slightly more than expected in the three months to June, data showed on Tuesday, but a mixed underlying picture and a string of pessimistic surveys cloud the outlook for […]
US Job Openings Fall Marginally; Consumers Views of Labor Market Dimming
Job openings drop 46,000 to 8.184 million in June Hires decline 314,000; quits decrease 121,000 Consumer confidence rises to 100.3 in July Consumers39; perceptions of the labor market deteriorate WASHINGTON, July 30 Reuters U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to […]
Meta Q2 ad Sales Expected to Rise; Focus on AI Roadmap, Costs
July 30 Reuters Meta Platforms is expected to report a 20 rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns. The social media giant, like its tech rivals Googleparent Alphabet and Microsoft, […]
Intesa Lifts Profit Goal on Stronger than Expected Quarter
MILAN, July 30 Reuters Italy39;s biggest bank Intesa Sanpaolo on Tuesday raised its profit forecast for this year and the next, after posting better than expected second quarter earnings. With net lending income still rising despite euro zone interest rates having peaked and a strategy to grow net fees bearing fruit, Intesa posted a net profit […]
Diageo Shares Hit FourYear Low, CEO Warns of Troubles Ahead
LONDON, July 30 Reuters Diageo warned challenges could persist into next year after missing fullyear profit expectations on Tuesday, sending shares in the world39;s top spirits maker down more than 9 to a fouryear low. The maker of Johnnie Walker whisky and Tanqueray gin has struggled to restore investor confidence after a buildup of unsold inventory in Mexico […]
Leonardo in Talks with EU Peers over Space Unit
ROME, July 30 Reuters Italy39;s Leonardo is in ongoing talks with European peers over the organisation and governance of its space division, the statecontrolled group said in slides prepared for its halfyear results. The aerospace and defence company added it would present a strategy framework for its space business seen as one of the key sectors […]