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U.S. Leading Economic Index Falls More Than Expected In May
A report released by the Conference Board on Friday showed its reading on leading U.S. economic indicators fell by more than expected in the month of May. The Conference Board said its leading economic index decreased by 0.5 percent in May following a 0.6 percent decline in April. Economist had expected the index to dip by 0.3 percent.
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U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May
The National Association of Realtors released a report on Friday showing existing home sales in the U.S. decreased roughly in line with economist estimates in the month of May. The report said existing home sales slid 0.7 percent to an annual rate of 4.11 million in May after tumbling by 1.9 percent to an annual rate of 4.14 million.
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UK Private Sector Grows At Slowest Pace In 7 Months
The UK private sector growth weakened to a seven-month low in June as the slowdown in the service sector growth offset the stronger performance in manufacturing, flash survey results published by S&P Global revealed on Friday. The flash composite output index dropped unexpectedly to 51.7 in June from 53.0 in May. The score was forecast to rise marginally to 53.1.
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UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate
The UK public sector net debt rose to its highest level since early 1960s, while public sector borrowing remained below the official estimate, the Office for National Statistics reported Friday. Public sector net debt excluding public sector banks was estimated at 99.8 percent of gross domestic product at the end of May. This was 3.7 percentage points more than at the end of May 2023.
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Iterum Therapeutics Says FDA Determines To Take NDA For Sulopenem To Advisory Committee
Pharmaceutical company Iterum Therapeutics plc (ITRM) announced Friday that the U.S. Food and Drug Administration (FDA) has determined that the New Drug Application (NDA) for sulopenem etzadroxil/probenecid (oral sulopenem) for the treatment of uncomplicated urinary tract infections (uUTIs) in adult women will be taken to Advisory Committee.
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FactSet Boosts FY24 Earnings Outlook - Update
While reporting financial results for the third quarter on Friday, FactSet Research Systems, Inc. (FDS) raised its earnings and adjusted earnings guidance for the full-year 2024, while trimming revenue outlook.
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Bay Street Likely To Open On Subdued Note
Canadian shares may open on a subdued note Friday morning with investors looking for directional clues. Data on Canadian producer prices and retail sales, and U.S. business activity are likely to set the tone for the market.
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Berita lainnya
German Residential Property Prices Fall For 6th Quarter
House prices in Germany declined for a 6th consecutive quarter in the first three months of the year, extending the severe slump from last year that was triggered by high interest rates and rising cost. The residential property price index fell 5.7 percent year-on-year in the first quarter, following a revised 7.2 percent decline in the previous three months, the statistical office Destatis said.
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Euro Falls On Soft PMI Data
The euro weakened against other major currencies in the European session on Friday, as investor sentiment weighed on weak business activity data from the region.
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Applied Optoelectronics Reaches Settlement In Patent Infringement Dispute Against Molex
Applied Optoelectronics, Inc. (AAOI) announced Friday that it has settled its patent infringement dispute and related litigation against Molex, LLC on mutually satisfactory terms.
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Amazon Replaces Plastic Air Pillows With Paper Filler
Amazon.com, Inc. said it has replaced 95% of the plastic air pillows from delivery packaging in North America with paper filler, and expects to reach to the full removal by the end of fiscal 2024. Nearly all of customer deliveries for Prime Day this year will not contain plastic air pillows, the firm noted.
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Eurozone Private Sector Growth Slows Unexpectedly In May
The euro area private sector recovery suffered a setback in June as business activity and employment growth softened due to weak orders, preliminary results from the purchasing managers' survey by S&P Global showed on Friday. The flash HCOB composite output index fell unexpectedly to 50.8 in June from 52.2 in May. The score was below forecast of 52.5. Nonetheless, a reading above 50.0 indicates
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Sensex, Nifty End Lower After Volatility
Indian shares ended slightly lower on Friday, tracking sluggish cues from other Asian and European markets.
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