Euro Zone Business Growth Hits Nine-Month High
S&P Global's flash Composite Purchasing Managers' Index (PMI) for the 20 countries that use the euro showed that euro zone business activity has strengthened over the past month. By expanding at a faster pace than predicted, evidence is increasingly suggesting that the European Union...
European and Asian Stocks Rise Amid China Optimism
European and Asian markets were on the rise on Monday morning as optimism regarding China's economic recovery continues to rise. Such investor confidence appeared to outweigh concerns over a flailing dollar as U.S. borrowing costs are expected to remain higher for longer.
The Stoxx Europe...
Pound, U.S. Futures Slip as UK and US Interest Rates Brought Into Focus
U.S. futures as well as the British pound declined as investors reflect on U.S. and U.K. interest rates and how they affect each country's economic outlooks going forward.
S&P 500 futures fell 0.3% while those on the Nasdaq 100 declined by 0.4%. Futures on the...
European Shares Hit Nine-Month High Following Fed Chair’s Comments
European shares hit a nine-month high on Wednesday after Federal Reserve Chair Jerome Powell delivered a positive economic outlook for 2023. The Stoxx 600 was up 0.8% following the address, thereby reaching its highest level since April 2022.
Powell remarked that 2023 should see a...
Italian Design Brands to Launch IPO in Q2
Italian Design Brands is exploring the possibility of launching its initial public offering (IPO) on the Italian Stock Exchange in Milan, two sources familiar with the matter revealed on Friday. The company is expected to launch its IPO sometime during the second quarter of...