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23.09.2020

Chipotle Brings Back Carne Asada For A Limited Time

WASHINGTON (dpa-AFX) - Chipotle Mexican Grill Inc.'s (CMG) premium steak, Carne Asada, is making a temporary comeback to restaurants across the U.S. And Canada. The item will make its debut in France, becoming Chipotle's first new protein introduced in the European market.Only 5% of U.S. beef meets Chipotle's strict sourcing standards for Carne Asada, which means it comes from animals given no antibiotics or added hormones. This makes the premium steak a limited time offer.Carne Asada will be available in-restaurant and across all digital channels including third party delivery services from September 28.The premium protein will be available, from September 24 to September 27, as a digital-only menu item for all fans via the Chipotle app and Chipotle.com.Chipotle's more than 16 million Rewards members in the U.S. will have exclusive access to Carne Asada on September 22 and September 23 via the Chipotle app and Chipotle.com.To grow its Carne Asada supply chain Chipotle plans to partner with new farmers, ranchers, and other suppliers whose practices emphasize quality and responsibility.'To bring back Carne Asada to our menu, we underwent an extensive vetting process to find more suppliers that meet our stringent Food with Integrity standards,' said Chris Brandt, Chief Marketing Officer.More than 10 million fans tried Carne Asada when it was first available, and the brand estimates that nearly half of those customers were first-time guests at Chipotle.Copyright RTT News/dpa-AFX
23.09.2020

Murray Income Trust Posts FY Loss

LONDON (dpa-AFX) - Murray Income Trust (MUT.L) reported that its net return after tax for year ended 30 June 2020 was negative 29.82 million pounds or 45.1 pence per share compared to net return after tax of 42.57 million pounds or 64.3 pence per share in the previous year.Net return before tax was negative 29.42 million pounds compared to net return before tax of 42.90 million pounds last year.Net Asset Value per share fell by 5.3% over the year in total return terms.The Board declared, on 5 August 2020, a fourth interim dividend per share of 9.50 pence which makes a total for the year of 34.25 pence, an increase of 0.7% on the 34.00 pence per share paid in the previous year.Copyright RTT News/dpa-AFX
23.09.2020

PZ Cussons FY20 Results Down, Declares Lower Dividend; Q1 Revenue Climbs

LONDON (dpa-AFX) - Consumer products group PZ Cussons Plc (PZC.L) reported Wednesday that its fiscal 2020 profit before tax declined 32.8 percent to 29.3 million pounds from last year's 43.6 million pounds.Profit from continuing operations fell 38.9 percent from last year to 19.6 million pounds. Basic earnings per share were 4.61 pence, down from 6.14 pence last year.Adjusted pre-tax profit was 62 million pounds, compared to 72.3 million pounds last year. Adjusted basic earnings per share were 11.59 pence, compared to 12.91 pence a year ago.Revenue from continuing operations declined 2.6 percent to 587.2 million pounds from 603.0 million pounds a year ago, largely driven by Nigeria and the mixed impact of COVID-19 on its business.Further, the company said its Board is recommending a final dividend of 3.13 pence, down from 5.61 pence per share last year. This makes a total of 5.80 pence for the year, down from last year's 8.28 pence.Separately, PZ Cussons announced its first-quarter trading update, reporting good start to the year with revenue growth, but seeing volatility ahead.The first-quarter revenue grew 19 percent on a reported basis and 23% at constant exchange rates to 158.1 million pounds. Focus Brands grew 37% at constant rates of exchange. The result was driven by top line focused interventions and strong demand for hygiene brands.In Nigeria, the disposal of Nutricima milk business is on track with expected completion by end of September.Jonathan Myers, Chief Executive Officer, said, 'The first quarter results have given us a good start to the year with growth in all three regions and an improvement in profitability.'Looking ahead, the company said that while it remains very difficult to forecast and give guidance, it expects some adverse headwinds for the rest of the year following the good start.Following a previously announced leave of absence from the Board for personal reasons, Tamara Minick-Scokalo, Non-executive Director, has advised the Company that she will step down from the Board with effect from the Annual General Meeting on November 26 and will not stand for re-election.Copyright RTT News/dpa-AFX
23.09.2020

Halma Plc Issues Trading Update

LONDON (dpa-AFX) - Halma plc (HLMA.L) said its Board continues to expect adjusted profit before tax for fiscal 2021 to be 5%-10% below 2020 and more weighted to the second half than in previous years. Halma stated that it has delivered a resilient performance in line with the Board's expectations for the period from 1 April 2020 to date. The Group said its financial position remains robust, with committed facilities totalling approximately 750 million pounds at current exchange rates. Halma plc also announced that Paul Walker has indicated his intention to retire from his role as Chair of Halma plc, and step down from the Board by July 2021. The Nomination Committee has established a process, led by Tony Rice, Senior Independent Director, to appoint a new Chair as his successor.Paul Walker is to be appointed as Chair of RELX PLC during the first half of 2021.Copyright RTT News/dpa-AFX
23.09.2020

KKR To Invest INR 5,550 Crore In Reliance Retail Ventures

WASHINGTON (dpa-AFX) - Global investment firm KKR said that it will invest 5,550 crore Indian rupees into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries. The investment values Reliance Retail at a pre-money equity value of 4.21 lakh crore rupees.KKR's investment represents a 1.28% equity stake in Reliance Retail Ventures on a fully diluted basis.It marks the second investment by KKR in a subsidiary of Reliance Industries, following a 11,367 crore rupees investment in Jio Platforms announced earlier this year.Copyright RTT News/dpa-AFX
23.09.2020

Sanofi, GSK Sign Deal With Canada To Supply Up To 72 Mln COVID-19 Vaccine Doses

LONDON (dpa-AFX) - Sanofi (SNYNF, SNY) and GlaxoSmithKline Plc. (GSK.L, GSK) said that they have signed agreements with the Government of Canada to supply up to 72 million doses of their potential COVID-19 vaccine, beginning in 2021.The companies initiated a Phase 1/2 study on September 3 with a total of 440 subjects being enrolled, and anticipate first results in early December 2020, to support the initiation of a pivotal Phase 3 study before the end of the year.If the data are sufficient for licensure application, the companies plan to request regulatory approval in the first half of 2021. Meanwhile, they are scaling up manufacturing of the antigen and adjuvant respectively with the target of producing up to one billion doses in total per year, globally.On September 18, Sanofi and GSK signed a final agreement with the European Commission to supply European countries with up to 300 million doses from their European industrial network.In July 2020, Sanofi and GSK announced a collaborative effort with the U.S. government to supply up to 100 million doses of their COVID-19 recombinant protein-based vaccine. The U.S. government has a further option to discuss the purchase of up to 500 million doses longer term. The companies also agreed with the UK government to supply up to 60 million doses of recombinant protein-based COVID-19 vaccine.Copyright RTT News/dpa-AFX
23.09.2020

After Market Hours: Beazer Homes, Nike Gain, Aurora Cannabis, Wave Life Sciences, Stitch Fix Slip

WASHINGTON COUNTY (dpa-AFX) - Beazer Homes USA, Inc. (BZH) - Shares of the homebuilder gained 9% in after-hours trading Tuesday after the company reported improvement in new orders for the first two months of the fourth quarter. Net new orders for the first two months of fourth quarter were up 37% year-over-year with a 26% increase in July and a 48% increase in August. NIKE, Inc. (NKE) - Shares of the sports apparel retailer rose 11% in extended session Tuesday after its first quarter results trumped Wall Street estimates. Nike's profit rose to $1.52 billion or $0.95 per share from $1.37 billion or $0.86 per share last year. Revenues slipped 0.7% to $10.59 billion from $10.66 billion last year. Analysts polled by Thomson Reuters expected earnings of $0.47 per share on revenues of $9.14 billion.Aurora Cannabis Inc. (ACB) - The Canadian marijuana company tanked 15% after the bell on Tuesday. Aurora said it has slipped from its top position in Canadian consumer market. The marijuana grower's fourth-quarter revenues slipped 5% to $72.1 million.Wave Life Sciences Ltd. (WVE) - Shares of the company plunged 23% in after-hours trading Tuesday. Wave Life Sciences announced that it has commenced an public offering of its ordinary shares.Stitch Fix Inc. - Shares of the company slipped sharply in the extended session Tuesday hurt largely by its fourth quarter results. Stitch Fix's revenues rose to $443.4 million from $432.1 million last year. The company posted a loss of $44.5 million or $0.44 per share, compared to a profit of $7.2 million or $0.07 per share last year.Copyright RTT News/dpa-AFX
22.09.2020

Nike Inc Announces Gain In Q1 Profit

WASHINGTON COUNTY (dpa-AFX) - Nike Inc (NKE) reported a profit for its first quarter that increased from last year.The company's profit came in at $1.52 billion, or $0.95 per share. This compares with $1.37 billion, or $0.86 per share, in last year's first quarter.Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.The company's revenue for the quarter fell 0.7% to $10.59 billion from $10.66 billion last year.Nike Inc earnings at a glance:-Earnings (Q1): $1.52 Bln. vs. $1.37 Bln. last year.-EPS (Q1): $0.95 vs. $0.86 last year.-Analysts Estimate: $0.47 -Revenue (Q1): $10.59 Bln vs. $10.66 Bln last year.Copyright RTT News/dpa-AFX
22.09.2020

KB Home Q3 Earnings Advance

WASHINGTON (dpa-AFX) - KB Home (KBH) released earnings for its third quarter that climbed from the same period last year.The company's earnings came in at $78.42 million, or $0.83 per share. This compares with $68.14 million, or $0.73 per share, in last year's third quarter.Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.The company's revenue for the quarter fell 13.8% to $1.00 billion from $1.16 billion last year.KB Home earnings at a glance:-Earnings (Q3): $78.42 Mln. vs. $68.14 Mln. last year.-EPS (Q3): $0.83 vs. $0.73 last year.-Analysts Estimate: $0.53 -Revenue (Q3): $1.00 Bln vs. $1.16 Bln last year.Copyright RTT News/dpa-AFX
22.09.2020

Number Of Mortgage Loans In Forbearance Decreases To 6.93%: MBA

WASHINGTON (dpa-AFX) - The number of mortgage loans in forbearance dropped to 6.93%, according to the Mortgage Bankers Association.The MBA's latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 8 basis points from 7.01% of servicers' portfolio volume in the prior week to 6.93% as of September 13, 2020.According to MBA's estimate, 3.5 million homeowners are in forbearance plans.The share of Fannie Mae and Freddie Mac loans in forbearance dropped for the 15th week in a row to 4.55%, which is a 10-basis-point improvement. Meanwhile, Ginnie Mae continues to be the exception, as its loans in forbearance increased slightly by 3 basis points to 9.15%. 'The share of loans in forbearance has dropped to its lowest level in five months, driven by a consistent decline of the GSE share in forbearance,' said Mike Fratantoni, MBA's Senior Vice President and Chief Economist. 'However, not only the did the share of Ginnie Mae loans in forbearance increase, new requests for forbearance for these loans have increased for two consecutive weeks. While housing market data continue to show a quite strong recovery, the job market recovery appears to have slowed, and we are seeing the impact of this slowdown on FHA and VA borrowers in the Ginnie Mae portfolio.'Copyright RTT News/dpa-AFX
23.09.2020

Asian Shares Follow Wall Street Higher

CANBERA (dpa-AFX) - Asian stocks rose broadly on Wednesday, tracking overnight gains in the U.S. and European markets after Fed Chair Jerome Powell said the U.S. central bank is committed to helping the economy.Chinese stocks finished slightly higher, with healthcare stocks gaining ground after the state planner said the country will speed up development of vaccine innovation, diagnostic, testing reagents and antibody drugs. The benchmark Shanghai Composite index edged up 5.41 points, or 0.17 percent, to 3,279.71. Hong Kong's Hang Seng index ended up 0.11 percent at 23,742.51.Japanese shares ended little changed with a negative bias as traders returned to their desks after a long weekend. The Nikkei average slid 13.81 points to close at 23,346.49 as investors fretted over rising coronavirus infections in Europe and a delay in U.S. fiscal stimulus. The broader Topix index ended down 0.13 percent at 1,644.25.Market heavyweight SoftBank Group tumbled 2.6 percent. Exporters ended broadly lower despite a weaker yen. Sony shed 1.4 percent, Panasonic lost 3.7 percent and Honda Motor gave up 2.8 percent. Suzuki Motor slipped 3.6 percent and Nissan Motor declined 3.2 percent. Fujifilm Holdings soared 4.9 percent after the company completed delayed clinical tests of Avigan, a potential treatment for Covid-19. Home furnishing store operator Shimachu jumped as much as 17.4 percent on reports rival DCM Holdings was considering a tender offer for the firm.In economic news, the latest survey from Jibun Bank revealed that the manufacturing sector in Japan continued to contract in September, albeit at a barely slower pace, with a manufacturing PMI score of 47.3. Australian markets rebounded from three-month lows as authorities eased some border restrictions amid improved coronavirus indicators in both NSW and Victoria. Investors shrugged off data showing that Australian retail sales fell 4.2 percent in August from the month earlier.The benchmark S&P/ASX 200 index jumped 139.80 points, or 2.42 percent, to 5,923.90, while the broader All Ordinaries index ended up 137.80 points, or 2.31 percent, at 6,111.30.The big four banks rallied 2-3 percent amid predictions of an RBI interest rate easing next month. Healthcare stocks advanced, with CSL and Cochlear rising nearly 4 percent each. Woodside Petroleum, Santos, Oil Search and Origin Energy rose 1-2 percent after crude oil prices rebounded overnight. In the tech sector, Afterpay climbed 2.9 percent and Appen advanced 1.9 percent.Gold miners ended broadly lower after bullion prices declined for a second straight session overnight.Seoul stocks rose slightly to snap a two-day losing streak. The benchmark Kospi edged up 0.65 point, or 0.03 percent, to close at 2,333.24 after falling as much as 2.4 percent in the previous session. Market bellwether Samsung Electronics rose 0.7 percent, No. 2 chipmaker SK Hynix added 2.8 percent and internet portal giant Naver rallied 4.2 percent.Rechargeable battery maker Samsung SDI declined 2.2 percent after Tesla founder Elon Musk announced technology that he says will make Tesla batteries cheaper and more powerful.New Zealand shares rose notably as the country's central bank held its official cash rate at a record low, retained its large scale asset purchase program at NZ$100 billion and hinted at further policy easing. The benchmark NZX-50 index rose 95.40 points, or 0.82 percent, to 11,704.62.U.S. stocks recovered from intraday losses to end on a firm note overnight despite fresh lockdown measures in parts of Europe and continued uncertainty about a new relief package in the U.S.Buying emerged at lower levels after Federal Reserve Chair Jerome Powell said the central bank remains 'committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.'Separately, U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.The Dow rose half a percent, the S&P 500 gained 1 percent and the tech-heavy Nasdaq Composite climbed 1.7 percent.Copyright RTT News/dpa-AFX
23.09.2020

European Shares Seen Higher At Open

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks look set to open higher on Wednesday even as underlying sentiment may remain cautious amid rising Covid-19 cases and persistent worries about the global economic recovery. Tensions between the U.S. and China came to the fore of the annual UN General Assembly in New York, with U.S. President Donald Trump blaming Beijing for unleashing a 'plague' on the world, while Chinese President Xi Jinping said his country has no intention to fight either a 'cold war' or a 'hot war' with any country.Asian markets are trading mixed, with Australian stocks rallying after retail sales data beat forecasts. The U.S. dollar extended gains and gold edged higher on concerns over economic recovery, while oil prices fell after a surprise rise in U.S. crude inventories.Flash Purchasing Managers' survey data from euro area and the U.K. are due later in the session, headlining a busy day for the European economic news.Overnight, U.S. stocks recovered from intraday losses to end on a firm note despite fresh lockdown measures in parts of Europe and continued uncertainty about a new relief package in the U.S.Buying emerged at lower levels after Federal Reserve Chair Jerome Powell said the central bank remains 'committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.'Separately, U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.The Dow rose half a percent, the S&P 500 gained 1 percent and the tech-heavy Nasdaq Composite climbed 1.7 percent. European markets eked out modest gains on Tuesday after a sharp setback in the previous session. The pan European Stoxx 600 edged up 0.2 percent as British Prime Minister Boris Johnson set out a raft of new coronavirus restrictions for England which could last for up to six months.The German DAX and the U.K.'s FTSE 100 rose about 0.4 percent, while France's CAC 40 index dropped 0.4 percent.Copyright RTT News/dpa-AFX
23.09.2020

Asian Markets Mostly Lower

CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Wednesday despite the tech-led rebound overnight on Wall Street as worries about the global economic recovery, the rising number of coronavirus cases in Europe and the U.S. as well as U.S.-China tensions weighed on the markets. The Australian market is rising after four straight days of losses following the overnight rebound on Wall Street and a fall in Victoria's daily number of coronavirus cases. Investor sentiment received a boost after the Reserve Bank of Australia deputy governor outlined various monetary policy options on Tuesday, including foreign exchange intervention and negative rates to combat the financial downturn arising from the coronavirus pandemic. Stocks are higher across the board.The benchmark S&P/ASX 200 Index is advancing 78.90 points or 1.36 percent to 5,863.00 after touching a high of 5,784.10 earlier. The broader All Ordinaries Index is adding 82.00 points or 1.37 percent to 6,055.50.In the tech sector, Afterpay is gaining more than 5 percent, Appen is rising more than 3 percent and WiseTech Global is advancing more than 2 percent.Among the major miners, Fortescue Metals is higher by more than 1 percent, Rio Tinto is advancing almost 1 percent and BHP Group is adding 0.5 percent.Gold miners are higher even as gold prices declined for a second straight session overnight. Evolution Mining and Newcrest Mining are rising more than 1 percent each.In the oil sector, Santos and Woodside Petroleum are adding 0.5 percent each, while Oil Search is up 0.2 percent after crude oil prices rebounded overnight.Among the big four banks, National Australia Bank, Commonwealth Bank, Westpac and ANZ Banking are advancing in a range of 0.9 percent to 1.3 percent.The Japanese market, which resumed trading after a long weekend, is declining as investors played catch up with the heavy losses in global markets earlier this week.The benchmark Nikkei 225 Index is down 192.64 points or 0.82 percent to 23,167.66, off a low of 23,163.82 earlier.Market heavyweight SoftBank Group is losing more than 2 percent and Fast Retailing is lower by more than 1 percent.The major exporters are lower despite a weaker yen. Panasonic is lower by almost 3 percent, Canon is losing more than 2 percent and Sony is declining almost 2 percent.In the financial sector, Sumitomo Mitsui Financial is declining more than 1 percent and Mitsubishi UFJ Financial is down almost 1 percent.Among automakers, Honda is losing more than 3 percent and Toyota is down 0.5 percent. In the oil sector, Japan Petroleum is tumbling more than 5 percent and Inpex is losing almost 4 percent.Meanwhile, tech stocks are higher after their U.S. peers rebounded overnight. Tokyo Electron is rising more than 1 percent and Advantest is adding almost 1 percent.Among the other major gainers, Japan Steel Works is gaining more than 8 percent, while Cyberagent and NTT Data are rising more than 4 percent each.Conversely, Nippon Sheet Glass is tumbling almost 6 percent and Mitsubishi Motors is losing almost 5 percent. Toyo Seikan Group, IHI Corp. and Nikon Corp. are lower by more than 4 percent each.In economic news, the latest survey from Jibun Bank revealed that the manufacturing sector in Japan continued to contract in September, albeit at a barely slower pace, with a manufacturing PMI score of 47.3. That's up marginally from 47.2 in August, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.In the currency market, the U.S. dollar is trading in the lower 105 yen-range on Wednesday.Elsewhere in Asia, Shanghai, South Korea, Singapore, Taiwan, Hong Kong and Malaysia are all lower, while New Zealand and Indonesia are higher. On Wall Street, stocks rebounded on Tuesday, reflecting a recovery in tech stocks and as Federal Reserve Chair Jerome Powell said the central bank remains committed to using its tools to ensure a strong economic recovery. In addition, U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.The Dow ended with a gain of 140.48 points or 0.52 percent at 27,288.18, about 300 points off the session's low. The S&P 500 climbed up 34.51 points or 1.05 percent to 3,315.57, while the Nasdaq surged up 184.84 points or 1.71 percent to 10,963.64.The major European markets also closed mostly higher on Tuesday. The U.K.'s FTSE 100 climbed 0.43 percent and Germany's DAX gained 0.41 percent, while France's CAC 40 declined 0.4 percent.Crude oil futures ended higher on Tuesday, rebounding from a recent sharp fall, although the uptick was not any significantly sharp as worries about outlook for energy demand continued to weigh on the commodity's prices. WTI crude for November added $0.26 or about 0.7 percent at $39.80 a barrel.Copyright RTT News/dpa-AFX
23.09.2020

Japanese Market Declines

TOKYO (dpa-AFX) - The Japanese stock market which resumed trading on Wednesday after a long weekend, is declining as investors played catch up with the heavy losses in global markets earlier this week. The benchmark Nikkei 225 Index is down 192.64 points or 0.82 percent to 23,167.66, off a low of 23,163.82 earlier.Market heavyweight SoftBank Group is losing more than 2 percent and Fast Retailing is lower by more than 1 percent.The major exporters are lower despite a weaker yen. Panasonic is lower by almost 3 percent, Canon is losing more than 2 percent and Sony is declining almost 2 percent.In the financial sector, Sumitomo Mitsui Financial is declining more than 1 percent and Mitsubishi UFJ Financial is down almost 1 percent.Among automakers, Honda is losing more than 3 percent and Toyota is down 0.5 percent. In the oil sector, Japan Petroleum is tumbling more than 5 percent and Inpex is losing almost 4 percent.Meanwhile, tech stocks are higher after their U.S. peers rebounded overnight. Tokyo Electron is rising more than 1 percent and Advantest is adding almost 1 percent. Among the other major gainers, Japan Steel Works is gaining more than 8 percent, while Cyberagent and NTT Data are rising more than 4 percent each.Conversely, Nippon Sheet Glass is tumbling almost 6 percent and Mitsubishi Motors is losing almost 5 percent. Toyo Seikan Group, IHI Corp. and Nikon Corp. are lower by more than 4 percent each. In economic news, the latest survey from Jibun Bank revealed that the manufacturing sector in Japan continued to contract in September, albeit at a barely slower pace, with a manufacturing PMI score of 47.3. That's up marginally from 47.2 in August, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.In the currency market, the U.S. dollar is trading in the lower 105 yen-range on Wednesday.On Wall Street, stocks rebounded on Tuesday, reflecting a recovery in tech stocks and as Federal Reserve Chair Jerome Powell said the central bank remains committed to using its tools to ensure a strong economic recovery. In addition, U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.The Dow ended with a gain of 140.48 points or 0.52 percent at 27,288.18, about 300 points off the session's low. The S&P 500 climbed up 34.51 points or 1.05 percent to 3,315.57, while the Nasdaq surged up 184.84 points or 1.71 percent to 10,963.64.The major European markets also closed mostly higher on Tuesday. The U.K.'s FTSE 100 climbed 0.43 percent and Germany's DAX gained 0.41 percent, while France's CAC 40 declined 0.4 percent.Crude oil futures ended higher on Tuesday, rebounding from a recent sharp fall, although the uptick was not any significantly sharp as worries about outlook for energy demand continued to weigh on the commodity's prices. WTI crude for November added $0.26 or about 0.7 percent at $39.80 a barrel.Copyright RTT News/dpa-AFX
23.09.2020

Higher Open Predicted For China Stock Market

BEIJING (dpa-AFX) - The China stock market has finished lower in back-to-back sessions, retreating more than 60 points or 1.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,275-point plateau although it's poised to halt its slide on Wednesday.The global forecast for the Asian markets is positive, with bargain hunting expected after days of heavy selling while optimism for additional stimulus added to the positive sentiment. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.The SCI finished sharply lower on Tuesday following losses from the financial shares, property stocks and oil and insurance companies.For the day, the index dropped 42.63 points or 1.29 percent to finish at 3,274.30 after trading between 3,265.70 and 3,320.23. The Shenzhen Composite Index retreated 24.15 points or 1.09 percent to end at 2,184.15.Among the actives, Industrial and Commercial Bank of China shed 0.60 percent, while Bank of China lost 0.62 percent, China Construction Bank dipped 0.32 percent, China Merchants Bank tumbled 1.87 percent, Bank of Communications dropped 0.86 percent, China Life Insurance fell 0.37 percent, Ping An Insurance plunged 2.30 percent, PetroChina sank 0.48 percent, China Petroleum and Chemical (Sinopec) skidded 1.01 percent, China Shenhua Energy retreated 1.32 percent, Gemdale declined 0.96 percent, Poly Developments surrendered 1.35 percent and China Vanke was down 0.62 percent.The lead from Wall Street is firm as stocks shook off a sluggish start on Tuesday to finish solidly in the green, halting a three-day slide.The Dow climbed 140.48 points or 0.52 percent to finish at 27,288.18, while the NASDAQ spiked 184.84 points or 1.71 percent to end at 10,963.64 and the S&P 500 jumped 34.51 points or 1.05 percent to close at 3,315.57.The strength on Wall Street came after Federal Reserve Chair Jerome Powell said the central bank remains 'committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.'Although worries about rising coronavirus cases persisted and reports of fresh lockdown restrictions in some countries raised concerns about growth, bargain hunting and short-covering after Monday's sharp setback pushed stock prices higher.In economic news, the National Association of Realtors reported that existing home sales in the U.S. climbed to their highest level in nearly fourteen years in August.Crude oil futures saw a technical rebound on Tuesday, although it was limited by worries about the outlook for energy demand amidst new coronavirus cases in Europe. West Texas Intermediate Crude oil futures for November ended higher by $0.26 or 0.7 percent at $39.80 a barrel.Copyright RTT News/dpa-AFX
23.09.2020

Stocks Rebound After Recent Weakness, Close On Firm Note

WASHINGTON (dpa-AFX) - Despite worries about a surge in coronavirus cases and fresh lockdown measures in parts of Europe, and continued uncertainty about a new relief package in the U.S., stocks closed on a firm note on Wall Street on Tuesday.It was a weak start for the major indices with stocks staying largely sluggish in cautious trade, but key shares from the technology space recovered around mid-morning and kept moving higher as the day progressed.The broad market was a bit subdued till an hour past noon, but started edging higher thereafter. The Dow ended with a gain of 140.48 points or 0.52 percent at 27,288.18, about 300 points off the session's low. The S&P 500 climbed up 34.51 points or 1.05 percent to 3,315.57, while the Nasdaq surged up 184.84 points or 1.71 percent to 10,963.64.The strength on Wall Street came after Federal Reserve Chair Jerome Powell said the central bank remains 'committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.''A full recovery is likely to come only when people are confident that it is safe to reengage in a broad range of activities,' Powell said in prepared remarks before the House Financial Services Committee.He added, 'The path forward will depend on keeping the virus under control, and on policy actions taken at all levels of government.'U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.Nike (NKE) shares soared nearly 15 percent. Microsoft (MSFT) surged up about 2.3 percent. Visa (V), Walt Disney (DIS), Apple (AAPL), Caterpillar (CAT) and Coca-Cola (KO) also closed notably higher.DuPont (DWDP), General Electric (GE), Goldman Sachs (GS) and JP Morgan Chase (JPM) closed weak.A report released by the National Association of Realtors said existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August, jumping 2.4 percent to an annual rate of 6.000 million. Sales were up 24.7 percent a month earlier. The continued increase in sales matched economist estimates.The major Markets in Europe closed on a firm note, while markets across the Asia-Pacific region ended mostly lower.Copyright RTT News/dpa-AFX
22.09.2020

Swiss Market Closes Modestly Higher

BRUSSELS (dpa-AFX) - The Switzerland stock market suffered a few mild setbacks on Tuesday after a fairly positive start, but managed to end the session modestly higher with select blue chips posting notable gains.The mood, however, was cautious right through the session amid doubts about the pace of global economic recovery due to rising coronavirus cases across the world.The benchmark SMI ended with a gain of 30.13 points or 0.29% at 10,355.57. The index touched a high of 10,403.55 in early trades, but dropped to 10,318.32 in the final hour before recovering some ground to close higher.On Monday, the index shed over 2%, led by losses in the banking space. Key bank stocks tumbled due to a sell-off in the banking space in markets across Europe amid allegations of illegal accounts and funds transfers by several leaders across the world over nearly two decades.Alcon shares moved up nearly 2%. SGS, LafargeHolcim, Swisscom, Nestle, ABB and Roche Holding gained 0.7 to 1%.Givaudan, Swiss Re, Swiss Life Holding, Zurich Insurance Group and Credit Suisse lost 0.6 to 1%.Among midcap stocks, AMS climbed nearly 4.5%. Kuehne & Nagel moved up 2.4% and Dufry gained about 2.3%. Logitech ended stronger by 1.8%.On the other hand, Helvetia, Baloise Holding, Sonova, Ems Chemie Holding, Galenica Sante and Vifor Pharma lost 1 to 2.3%. Julius Baer ended nearly 1% down.Most of the markets across Europe closed higher today. Among the major markets, the U.K. and Germany closed with modest gains, while France ended weak.Copyright RTT News/dpa-AFX
22.09.2020

European Markets Close Higher As Stocks Recover On Bargain Hunting

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks managed to close higher on Tuesday despite staying somewhat sluggish at times with investors largely staying cautious and making selective purchases after recent sharp losses.Although worries about rising coronavirus cases persisted and reports of fresh lockdown restrictions in some countries raised concerns about growth, bargain hunting and short-covering after Monday's sharp setback pushed stock prices up in today's session. Data showing an improvement in Eurozone consumer confidence helped as well.The British pound recovered some lost ground as Bank of England Governor Andrew Bailey downplayed the prospect of negative interest rates in the future.As escalating Covid-19 cases threaten the economic outlook, the central bank was looking hard at how it could support the economy further, Bailey said in a British Chambers of Commerce webinar.British Prime Minister Boris Johnson told people to work from home and announced new restrictions on pubs, bars and restaurants.The pan European Stoxx 600 advanced 0.2%. The U.K.'s FTSE 100 climbed 0.43%, Germany's DAX gained 0.41% and Switzerland's SMI ended 0.29% up, while France's CAC 40 declined 0.4%.Among other markets in Europe, Austria, Czech Republic, Denmark, Finland, Iceland, Netherlands, Norway, Poland, Russia, Sweden and Turkey closed higher. Belgium, Greece, Ireland, Portugal and Spain ended weak.In the UK market, Kingfisher soared more than 10% British American Tobacco, Smiths, Imperial Brands, IAG, Royal Dutch Shell, Royal Bank, BP, Standard Chartered, Lloyds Banking Group and Unilever all moved higher and recorded strong gains.On the other hand, Hiscox slid nearly 7% and Hikma Pharmaceutical lost 4.7%. Whitbread declined more than 2.5% after announcing thousands of job cuts across its Premier Inns, Beefeater and Brewers Fayre sites.Persimmon, Anglo American and Prudential declined 1.6 to 2.5%.In Germany, HeidelbergCement, Wirecard, Fresenius Medical Care, Infineon Technologies, SAP, Henkel, Siemens, Volkswagen and Linde gained 1 to 2.5%.Shares of GEA Group AG rallied sharply after the company announced that it is selling the compressor manufacturer Bock, which is in GEA's Refrigeration Technologies division, to NORD Holding. The parties have agreed not to disclose the financial details of the deal.Lufthansa, Thyssenkrupp and Allianz declined sharply.In the French market, Unibail Rodamco surged up 5.2%. Peugeot rallied more than 3.5%. Renault, Technip, Carrefour, Saint Gobain and Valeo were among the other prominent gainers.Airbus Group shares declined by about 2.7%. The Group's CEO Guillaume Faury told French radio station RTL that the situation is so serious and no one can guarantee there won't be compulsory redundancies, if the situation evolves further.Accor, Sanofi and Kering ended lower by 1.4 to 2.7%. LVMH shares declined by about 1.1% as U.S. jewelry brand Tiffany & Co won approval by the Delaware Chancery Court to have its lawsuit against the French conglomerate fast-tracked. However, the court has not agreed to Tiffany's request for trial before November 24.In economic news, preliminary data from the European Commission showed Eurozone consumer confidence improved more-than-expected in September to its highest level in six months.The flash consumer confidence index climbed to -13.9 from -14.7 in August. Economists had expected a score of -14.6. The latest reading was the highest since March, when it was at -11.6.The corresponding index for EU rose to -14.9 from -15.5 in August. That is also the highest since March, when the coronavirus, or Covid-19, pandemic was just starting to spread in the region.Sweden's central bank left its key interest rate unchanged at zero and maintained asset purchases and liquidity provisions, and reiterated that the rate will remain at the current level in the coming years in the backdrop of the high uncertainty surrounding the economic outlook due to the coronavirus pandemic.The repo rate has been at zero since January when it was hiked by 25 basis points. The bank left the rate steady for a fifth straight session.The latest projections from the bank showed the repo rate remaining at zero through the third quarter of 2023.Copyright RTT News/dpa-AFX
22.09.2020

U.S. Stocks Moving Moderately Higher In Morning Trading

WASHINGTON (dpa-AFX) - Stocks have moved mostly higher in morning trading on Tuesday, regaining ground following the weakness seen in the previous session.Currently, the Dow is up 23.50 points or 0.1 percent at 27,171.20, the Nasdaq is up 44.55 points or 0.4 percent at 10,823.35 and the S&P 500 is up 12.12 points or 0.4 percent at 3,293.18.The strength on Wall Street comes after Federal Reserve Chair Jerome Powell said the central bank remains 'committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.''A full recovery is likely to come only when people are confident that it is safe to reengage in a broad range of activities,' Powell said in prepared remarks before the House Financial Services Committee. He added, 'The path forward will depend on keeping the virus under control, and on policy actions taken at all levels of government.'On the U.S. economic front, the National Association of Realtors released a report showing existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August.NAR said existing home sales jumped 2.4 percent to an annual rate of 6.000 million in August after skyrocketing by 24.7 percent to a rate of 5.860 million in July. The continued increase in sales matched economist estimates.With the sharp increase, existing home sales reached their highest level since December of 2006.Commercial real estate stocks have shown a strong move to the upside in morning trading, driving the Dow Jones U.S. Real Estate Index up by 1.8 percent.Significant strength is also visible among retail stocks, as reflected by the 1.6 percent gain being posted by the Dow Jones U.S. Retail Index.Housing, natural gas and tobacco stocks are also seeing notable strength, while banking stocks are extending the steep drop seen on Monday.In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday, with the Japanese markets still closed for a holiday. China's Shanghai Composite Index plunged by 1.3 percent, while Hong Kong's Hang Seng Index slumped by 1 percent.Meanwhile, the major European markets have moved to the upside on the day. While the German DAX Index has jumped by 1.1 percent, the U.K.'s FTSE 100 Index is up by 0.9 percent and the French CAC 40 Index is up by 0.4 percent.In the bond market, treasuries are showing a lack of direction after moving notably higher in the previous session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by less than a basis point at 0.674 percent.Copyright RTT News/dpa-AFX
22.09.2020

Wall Street Set To Open Broadly Lower

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The increase in coronavirus cases and delays in fresh U.S. stimulus are adding much pressure on investors.Investors are looking ahead to the Federal Reserve Chairman Jerome Powell to testifying with Treasury Secretary Steven Mnuchin before the House Financial Services Committee today morning.Early signs from the U.S. Futures Index suggest that Wall Street open broadly lower on Tuesday.Asian shares finished lower, while European shares are trading higher. As of 8.05 am ET, the Dow futures were losing 92.00 points, the S&P 500 futures were down 4.50 points and the Nasdaq 100 futures were gaining 19.00 points.The U.S. Indices finished lower on Monday. The Dow closed at 27,147.70, down 509.72 points or 1.84 percent. The S&P 500 ended down 38.41 points or 1.16 percent at 3,281.06. The Nasdaq settled with a loss of 14.48 points or 0.13 percent at 10,778.80.On the economic front, Redbook data for the week will be issued at8.55 am ET. In the prior week, the Store Sales were down 1.2 percent. National Association of Realtors' Existing-Home Sales for August will be issued at 10.00 am ET. The consensus is for 5.965 million, slightly up from 5.860 million a month ago. Federal Reserve Bank of Richmond's Manufacturing Index for September will be issued at 10.00 am ET. The consensus is for 12, while the prior month index was up 18. The two-year Treasury Note Auction will be held at 1.00 pm ET. Federal Reserve Chairman Jerome Powell to testify with Treasury Secretary Steven Mnuchin before the House Financial Services Committee in a hearing entitled 'Oversight of the Treasury Department's and Federal Reserve's Pandemic Response' at 10.30 am ET. Chicago Federal Reserve Bank President Charles Evans to speak at an Official Monetary and Financial Institutions Forum event on the future of the U.S. economy and the path to recovery at 10.00 am ET. Asian stocks fell broadly on Tuesday. Chinese shares ended lower. The benchmark Shanghai Composite fell 1.29 percent to 3,274.30. Hong Kong's Hang Seng index dropped nearly 1 percent to 23,716.85.The Japanese market was closed for a holiday.Australian markets hit three-month lows. The benchmark S&P/ASX 200 dropped 0.66 percent to 5,784.10, extending losses for the fourth straight session. The broader All Ordinaries index ended down 0.67 percent at 5,973.50.European shares are trading higher. Among the major indexes in the region, the CAC 40 Index of France is gaining 9.14 points or 0.19 percent. The German DAX is progressing 88.49 points or 0.71 percent, the U.K. FTSE 100 Index is adding 15.04 points or 0.26 percent. The Swiss Market Index is up 2.38 points or 0.03 percent.The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is progressing 0.58 percent.Copyright RTT News/dpa-AFX
23.09.2020

Eurozone Private Sector Stagnates In September

BRUSSELS (dpa-AFX) - The euro area private sector stagnated in September as rebound faltered, flash survey data from IHS Markit showed Wednesday. The composite output index declined to 50.1 in September from 51.9 in August. Economists had forecast the reading to drop to 51.7.Having rebounded in July and August from Covid-19 lockdowns during the second quarter, the PMI has since indicated a near stalling of the economy as rising infection rates and ongoing social distancing measures curbed demand.Manufacturing output growth accelerated in September to the fastest since February 2018, while services recorded the largest contraction of output since May.At 53.7, the manufacturing Purchasing Managers' Index hit a 25-month high. Economists had forecast the reading to rise to 51.9 from 51.7 in August. The services Purchasing Managers' Index dropped to a four-month low of 47.6, while the score was forecast to remain unchanged at 50.5 in August.Copyright RTT News/dpa-AFX
23.09.2020
23.09.2020
23.09.2020

German Private Sector Expands In September

BERLIN (dpa-AFX) - Driven by a sharp rise in manufacturing output, Germany's private sector continued to expand in September, albeit at a slower pace, survey results from IHS Markit showed Wednesday. The composite output index dropped more-than-expected to 53.7 in September from 54.4 in August. The expected reading was 54.1. Nonetheless, a score above 50 indicates expansion. The survey showed a continued loss of momentum in the recovery from the covid-19 shutdown. Following increases in each of the previous two months, the service sector shrank in September. The flash services Purchasing Managers' Index fell to 49.1 from 52.5 a month ago. The reading was forecast to rise to 53.0.Meanwhile, the manufacturing PMI rose to a 26-month high of 56.6 from 52.2 in August. Economists had forecast the index to climb to 52.5.Copyright RTT News/dpa-AFX
23.09.2020

Lithuania Industrial Production Rises In August

BRUSSELS (dpa-AFX) - Lithuania's industrial production rose in August, figures from Statistics Lithuania showed on Wednesday.Industrial production increased a working-day adjusted 2.1 percent year-on-year in August.Manufacturing output rose 1.7 percent annually in August. Excluding refined petroleum, manufacturing grew 5.3 percent.Production in mining and quarrying gained 8.0 percent.Meanwhile, production in water supply and waste management increased 3.6 percent, while those of electricity, gas, steam and air conditioning supply rose by 9.2 percent.Among the major industrial groupings, production of durable and intermediate goods grew 14.1 percent and 10.3 percent, respectively.Meanwhile, energy goods output fell 9.1 percent and capital goods production decreased by 3.2 percent. Non-durable goods remained unchanged. On a monthly basis, industrial production rose a seasonally and working-day adjusted 2.3 percent in August.On an unadjusted basis, industrial production rose 0.7 percent yearly in August and fell 0.7 percent from a month ago.Copyright RTT News/dpa-AFX
23.09.2020

Norway Jobless Rate Increase In July

OSLO (dpa-AFX) - Norway's jobless rate rose less-than-expected in July, the labor force survey data from Statistics Norway showed on Wednesday.The jobless rate rose to 5.2 percent in July from 4.1 percent in April. Economists had expected a rate of 5.3 percent.The unemployment rate for July indicates the average for June to August and that for April, reflects the average for March to May.The unemployment rate was 5.2 percent in June.The number of unemployed persons increased to 148,000 in July from 116,000 in the three months to April.Copyright RTT News/dpa-AFX
23.09.2020

France Private Sector Shrinks In September

PARIS (dpa-AFX) - The French private sector contracted in September due to the renewed disruption related to the coronavirus disease 2019 pandemic, survey results from IHS Markit showed Wednesday. The flash composite output index declined unexpectedly to 48.5 from 51.6 in August. The score was expected to rise to 51.9. A score below 50 indicates contraction.The fresh downturn was driven by a solid reduction in activity at services firms, while manufacturers reported an expansion in the sector.The flash services Purchasing Managers' Index came in at 47.5, while it was expected to remain unchanged at 51.5.Meanwhile, the factory PMI rose to 50.9 from 49.8 a month ago. This was above the consensus of 50.5. August data had already pointed to a slowdown in the recovery but now the path towards pre-coronavirus levels of activity has gone into reverse, Eliot Kerr, an economist at IHS Markit said. The rise in case numbers has been accompanied by fresh restrictions, but has also caused hesitancy among businesses due to fears of a second round of temporary business closures, Kerr noted.Copyright RTT News/dpa-AFX
23.09.2020

Japan All Industry Activity Rises For Second Month

TOKYO (dpa-AFX) - Japan's all industry activity rose for the second straight month in July, albeit at a softer pace, data from the Ministry of Economy, Trade and Industry showed on Wednesday.The all industry activity index rose 1.3 percent month-on-month in July, after a 6.8 percent decline in June.Among components, the construction activity rose 0.5 percent on month in July, after a 1.8 percent fall in June.Industrial production rose 8.8 percent in July, following a 1.9 percent increase in the preceding month. The tertiary industry activity fell 0.5 percent in July, after a 9.0 percent rise.On a yearly basis, the all industry activity index fell 10.6 percent in July, following a 10.2 percent decline in the prior month.Copyright RTT News/dpa-AFX
23.09.2020

BoJ Ready To Lift Monetary Stimulus If Needed, Says Kuroda

TOKYO (dpa-AFX) - The Bank of Japan will not hesitate to take additional easing measures if required in the wake of highly uncertain economic and financial situation generated by the corovavirus pandemic, Governor Haruhiko Kuroda said Wednesday. He observed that the economy seems to have started to pick up with economic activity resuming gradually, although it has remained in a severe situation. Kuroda said the economy will follow an improving trend, as the impact of the Covid-19 wanes.Nonetheless, the pace of improvement is expected to be only moderate as precautionary efforts made voluntarily by firms and households will continue to act as a force constraining economic activity while vigilance against covid-19 is maintained, the governor said.The outlook for economic activity and prices is extremely unclear, and risks are skewed to the downside, he noted.Copyright RTT News/dpa-AFX
23.09.2020
23.09.2020

Pound Little Changed After U.K. PMI Data

BRUSSELS (dpa-AFX) - At 4.30 am ET Wednesday, IHS Markit has released UK composite PMI survey data. The pound changed little against its major rivals after the data.The pound was trading at 1.2689 against the greenback, 133.31 against the yen, 1.1684 against the franc and 0.9210 against the euro around 4:35 am ET.Copyright RTT News/dpa-AFX
23.09.2020

Pound Drops Ahead Of U.K. PMI Data

BRUSSELS (dpa-AFX) - At 4.30 am ET Wednesday, IHS Markit is scheduled to issue UK composite PMI survey data. Economists forecast the composite PMI to drop to 56.3 from 59.1 in August.Ahead of the data, the pound fell against its major rivals. The pound was worth 1.2688 against the greenback, 133.18 against the yen, 1.1673 against the franc and 0.9217 against the euro as of 4:25 am ET.Copyright RTT News/dpa-AFX
23.09.2020

Euro Little Changed After Eurozone PMI Data

BRUSSELS (dpa-AFX) - Eurozone preliminary Purchasing Managers' survey results have been released at 4.00 am ET Wednesday. The euro changed little against its major rivals after the data.The euro was trading at 1.1689 against the greenback, 122.72 against the yen, 1.0759 against the franc and 0.9210 against the pound around 4:05 am ET.Copyright RTT News/dpa-AFX
23.09.2020

Euro Slightly Up After German PMI Data

BRUSSELS (dpa-AFX) - German flash PMI data has been released at 3.30 am ET Wednesday. The euro rose slightly against its major rivals after the data.The euro was trading at 1.1698 against the greenback, 122.78 against the yen, 1.0763 against the franc and 0.9209 against the pound around 3:35 am ET.Copyright RTT News/dpa-AFX
23.09.2020

Euro Mixed Ahead Of German PMI Data

BRUSSELS (dpa-AFX) - At 3.30 am ET Wednesday, Germany's flash PMI data is due. Economists forecast the composite PMI to fall to 54.1 in September from 54.4 in August.Ahead of the data, the euro showed mixed trading against its major rivals. While it dropped against the franc and the yen, it advanced against the pound. Against the greenback, it was steady.The euro was worth 122.68 against the yen, 1.1688 against the greenback, 0.9212 against the pound and 1.0761 against the franc as of 3:25 am ET.Copyright RTT News/dpa-AFX
23.09.2020

NZ Dollar Falls On Growth, U.S.-China Worries

CANBERA (dpa-AFX) - The NZ dollar slipped against its major counterparts in the Asian session on Wednesday, as worries about the global economic recovery, the rising number of coronavirus cases in Europe and the U.S. as well as U.S.-China tensions dampened risk sentiment.Tensions between the U.S. and China came to the fore of the annual UN General Assembly in New York, with U.S. President Donald Trump blaming Beijing for unleashing a 'plague' on the world, while Chinese President Xi Jinping said his country has no intention to fight either a 'cold war' or a 'hot war' with any country. Earlier in the day, the kiwi briefly rose after the Reserve Bank of New Zealand kept its key rate and asset purchase programme unchanged and signaled additional stimulus including a negative rate as virus-led restrictions continued to dampen economic activity.The Monetary Policy Committee of the Reserve Bank of New Zealand decided to hold its key Official Cash Rate at 0.25 percent and to continue with the Large Scale Asset Purchase Programme up to NZ$100 billion.Policymakers assessed that further monetary stimulus would be needed going forward. They affirmed that the Funding for Lending Programme, or FLP, a negative OCR, and purchases of foreign assets remain under consideration.The kiwi dropped to an 8-day low of 1.7710 against the euro, after rising to 1.7588 at 10:00 pm ET. If the kiwi slides further, 1.80 is likely seen as its next support level.The kiwi touched a 4-week low of 0.6592 against the greenback, from a high of 0.6648 seen at 10:00 pm ET. The kiwi is seen locating support near the 0.64 region.Retreating from near a 2-month high of 1.0750 hit at 10:00 pm ET, the kiwi was trading lower at 1.0798 versus the aussie. On the downside, 65.00 is possibly seen as its next support level.The kiwi was down against the yen, at a fresh 4-week low of 69.29. This followed a 2-day high of 69.90 logged at 10:00 pm ET. The next likely support for the kiwi is seen around the 1.10 level.Looking ahead, PMIs from major European economies are due in the European session.U.S. Federal Housing Finance Agency's house price index for July is set for release in the New York session.At 10:00 am ET, Federal Reserve Chair Jerome Powell will testify on the economic impacts of COVID-19 before the House Select Committee in Washington DC.Copyright RTT News/dpa-AFX
23.09.2020

Euro Little Changed After German GfK Consumer Confidence Index

BRUSSELS (dpa-AFX) - At 2.00 am ET Wednesday, Germany's market research group GfK has released consumer confidence survey data for October. The euro changed little against its major rivals after the data.The euro was trading at 1.1687 against the greenback, 122.84 against the yen, 1.0762 against the franc and 0.9189 against the pound around 2:01 am ET.Copyright RTT News/dpa-AFX
23.09.2020

Euro Steady Ahead Of German GfK Consumer Confidence Index

BRUSSELS (dpa-AFX) - At 2.00 am ET Wednesday, Germany's market research group GfK is set to release consumer confidence survey data for October. The forward-looking sentiment index is expected to rise to -1 from -1.8 in September.Ahead of the data, the euro held steady against its major rivals. The euro was worth 122.83 against the yen, 1.1688 against the greenback, 0.9184 against the pound and 1.0764 against the franc as of 1:55 am ET.Copyright RTT News/dpa-AFX
22.09.2020

Dollar Extends Uptick

WASHINGTON (dpa-AFX) - The U.S. dollar extended recent gains on Tuesday, hitting multi-week highs against Swiss franc and the Euro, as risk appetite waned further.Comments by Chicago Federal Reserve President Charles Evans that any additional quantitative easing from the Fed is unlikely to result in any quick recovery of the economy.Speaking before the House Financial Services Committee this morning, the Federal Reserve Chairman Jerome Powell said the path forward 'will depend on keeping the virus under control, and on policy actions taken at all levels of government.'He said both employment and overall economic activity remain well below their pre-pandemic levels and the path ahead continues to remain highly uncertain.U.S. Treasury Secretary Steven Mnuchin said the White House continues to seek an agreement with both parties in Congress on another fiscal relief package.The dollar index rose to 94.08, and was last seen at 93.96, up 0.32% from previous close.Against the Euro, the dollar firmed up to $1.1710, gaining more than 0.5%. Preliminary data from the European Commission showed Eurozone consumer confidence improved more-than-expected in September to its highest level in six months.The flash consumer confidence index climbed to -13.9 from -14.7 in August. Economists had expected a score of -14.6. The latest reading was the highest since March, when it was at -11.6.The Pound Sterling was weaker by over 0.6% fetching $1.2734.The Yen eased to 104.96 a dollar, giving up about 0.3% from Monday's close.The Aussie was weaker at US$0.7170, about 0.75% lower than previous closing level.The Swiss franc drifted down nearly 0.6% with a unit of greenback fetching CHF0.9198, and the Loonie was hovering at C$1.3300, not much changed from Monday's close.Copyright RTT News/dpa-AFX
22.09.2020

Euro Little Changed After Eurozone Consumer Sentiment Index

BRUSSELS (dpa-AFX) - At 10:00 am ET Tuesday, Eurozone flash consumer sentiment for September has been released. The euro changed little against its major counterparts after the data.The euro was trading at 1.1729 against the greenback, 122.88 against the yen, 1.0755 against the franc and 0.9186 against the pound around 10:01 am ET.Copyright RTT News/dpa-AFX

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