bluejayphoto The HCOB Germany Manufacturing PMI was little changed at 43.5 in June, compared to a preliminary of 43.4 and a four-month high of 45.4 in May. The reading pointed to a fresh setback of the manufacturing sector at the end of the second quarter, with the rates of contractionContinue Reading
Jul. 01, 2024 4:01 AM ETEuro / US Dollar (EUR:USD), USD:EUREWG, GF, EWI, EWQ, USD, FGM, HEWG, DAXBy: Arundhati Sarkar, SA News Editor rarrarorro/iStock via Getty Images Manufacturing PMI in the Euro Area decreased to 45.80 points in June from 47.30 points in May. ETFs: (EWG), (GF), (EWI), (EWQ), (FGM),Continue Reading
The Materials Select Sector SPDR Fund ETF (NYSEARCA:XLB), which tracks the S&P 500 materials sector, shed 4.7% in the second quarter of 2024, underperforming the broader S&P 500 index, which increased by 4.1% during the same period. The materials sector rose nearly 9% in the first quarter. Newmont (NEM) sawContinue Reading
ismagilov Clinical-stage biopharmaceutical company Alumis (NASDAQ:ALMS) is having a rough day on its first day of trading with shares trading well below its IPO price of $16/share. As of 130p ET, shares were trading at $12.50, an almost 22% decline from its IPO price. Although the IPO was priced atContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) fell sharply in premarket trading after the airline carrier provided a business update. The company said its operational performance in Q2 continues to be strong, with minimal cancellations so far. Completion factor quarter-to-date has averaged approximately 99.5%, despite challengingContinue Reading
Anne Czichos Shares of Merck KGaA (OTCPK:MKGAF) (OTCPK:MKKGY) fell in European trading on Tuesday after the German drugmaker said it would discontinue a late-stage trial for its head and neck cancer therapy xevinapant as its early results indicated a potential failure. The decision comes after the study’s data monitoring committeeContinue Reading
JHVEPhoto Spirit AeroSystems (NYSE:SPR) on Tuesday fells as much as 7.8% in premarket trading following a news report that Boeing (NYSE:BA) switched its proposed funding from an all-cash offer to a deal funded mostly by stock that values the key supplier at about $35 a share. Bloomberg News first reportedContinue Reading
