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The Federal Reserve Bank of Philadelphia reported an increase in the index of manufacturing activity in the region to 13.7 points in March from 4.1 points in the previous month. Economists had not predicted such a significant increase in the index. According to their estimates, the index was expected at 4.5 points. The recovery of the index in March after its decline a month earlier was supported by the growth of the indicators of new orders and deliveries. The first indicator rose to 2.4 points from 1.9 points, and the second jumped to 20 points from 5.3 points. The indicator of the number of employees dropped to 9.6 points from 14.5 points. The index of future total activity, falling to 21.8 points from 31.3 points, showed the lowest level since January.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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