Walter Bibikow Retail sales showed moderate growth in June, amid a still-solid economy and near-zero inflation for retail goods, according to the National Retail Federation. Total retail sales, excluding automobiles and gasoline, were up 0.47% seasonally adjusted month over month in June and up 3.42% unadjusted year over year inContinue Reading
loveguli The Asia-Pacific equity market was mostly higher on Friday as investors absorbed the latest economic data from China, and also investors weighed mixed signals on Wall Street in the wake of a cooler-than-expected US inflation report. Japan (NKY:IND) -2.45%. The Nikkei index tumbled after BOJ conducted rate checks withContinue Reading
mesut zengin/iStock via Getty Images Shares of solar and alternative energy companies posted broad gains on Thursday, booster by cooler than expected inflation data that raised hopes the Federal Reserve will start lowering interest rates sooner rather than later. U.S. consumer prices fell for the first time in more thanContinue Reading
posteriori/E+ via Getty Images NiSource (NYSE:NI) +1.3% in Thursday’s trading as Mizuho initiates coverage with an Outperform rating and $33 price target, expecting the company will deliver slightly above the midpoint on its adjusted EPS annual 6%-8% growth target through 2028. NiSource’s (NI) growth outlook is attractive vs. peers andContinue Reading
Mesut Dogan/iStock via Getty Images St. Louis Fed President Alberto Musalem said Thursday that June’s cooler-than-forecast Consumer Price Index report points to “encouraging further progress” on the disinflation front. Earlier, the Bureau of Labor Statistics posted its monthly update on the widely-watched CPI, which delivered encouraging news to the FederalContinue Reading
monsitj/iStock via Getty Images Gold futures rallied past $2,400/oz in Thursday’s trading following a surprise drop in U.S. consumer prices in June, raising hopes that the Federal Reserve will soon start cutting interest rates. The latest data from the Bureau of Labor Statistics showed a 0.1% decline in consumer prices,Continue Reading
ibreakstock/iStock via Getty Images Biodexa (NASDAQ:BDRX) stock shot up 70% in morning trading Thursday after the company re-released positive data from a Phase 2 study for its drug eRapa in the treatment of Familial Adenomatous Polyposis, for FAP. According to the company’s release Thursday, 12-month data from the Phase 2Continue Reading
da-kuk/E+ via Getty Images London (UKX) +0.15% UK’s GDP expands 0.4% in May Germany (DAX:IND) +0.25% Germany’s inflation falls to 2.2% in June France (CAC:IND) +0.49% Slovakia’s construction output fell 6.2% Y/Y in May. Retail sales in Turkey rose 5.8% Y/Y in May. The pan-European Stoxx 600 (STOXX) moved 0.39%Continue Reading
da-kuk/E+ via Getty Images London (UKX) +0.24% Germany (DAX:IND) +0.20% France (CAC:IND) -0.08% Industrial production in Austria shrank 4.1% Y/Y in May. Industrial production in Slovakia fell 0.1% Y/Y in May. The annual inflation rate in the Czech Republic eased further to 2% in June. The annual consumer inflation rateContinue Reading
The Asia-Pacific equity market mostly in red on Wednesday as investors processed the latest inflation data from China. Investors also continued to assess Federal Reserve Chair Jerome Powell’s testimony before the Senate, while looking ahead to his appearance before the House later today. Japan (NKY:IND) +0.61%. The index hovers atContinue Reading
