Berita Valas
Canadian Market Notably Lower, Looks Headed For Weak Close
The Canadian market is down firmly in negative territory Tuesday afternoon as stocks from several sectors continue to reel under sustained selling pressure. With a slew of key economic data due later in the week, investors appear quite reluctant to indulge in any significant buying.
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Swiss Market Ends Weak On Interest Rate Concerns
After moving along the flat line till about an hour before noon, the Switzerland market drifted lower as the session progressed and finally ended on a very weak note on Tuesday.
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Canadian Dollar Drops Against Majors
The Canadian dollar declined against its major counterparts in the New York session on Tuesday.
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European Stocks Close Lower As Investors Await Crucial Economic Data
European stocks closed lower on Tuesday with investors largely making cautious moves, assessing the likely stance of the Federal Reserve and the Bank of England with regard to interest rates.
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Euro Area Consumers' Inflation Expectations Lowest Since 2021: ECB Survey
Eurozone consumers lowered their inflation expectations for the next 12 months and turned less negative regarding the economic outlook, though their unemployment worries remained, results of a monthly survey by the European Central Bank showed Tuesday. The median rate of expected inflation over the next 12 months fell to 2.9 percent from 3.0 percent in March.
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Photronics Confirms Eric Rivera As CFO
Photronics, Inc. (PLAB) announced Tuesday that Eric Rivera has been promoted to chief financial officer, effective immediately. Rivera previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020.
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U.S. Consumer Confidence Unexpectedly Rebounds In May
Consumer confidence in the U.S. unexpectedly saw a significant improvement in the month of May, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 102.0 in May from an upwardly revised 97.5 in April. The rebound surprised economists, who had expected the consumer confidence index to decrease to 95.3.
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Berita lainnya
Dollar Firmed Up Last Week Amidst Hawkish Fed Minutes
The uncertain monetary policy outlook triggered by the mixed comments in the FOMC Minutes helped the U.S. dollar remain firm during the week spanning May 20 to 24.
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Vera Therapeutics Says FDA Grants Breakthrough Therapy Designation For Atacicept To Treat IgAN
Biotechnology company Vera Therapeutics, Inc. (VERA) announced Tuesday that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to atacicept for the treatment of Immunoglobulin A Nephropathy or IgAN.
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Johnson & Johnson To Acquire Rights To Numab Therapeutics' Clinical-Stage Bispecific Antibody NM26
Johnson & Johnson (JNJ) announced Tuesday it has entered into a definitive agreement with biotechnology company Numab Therapeutics to acquire its wholly-owned subsidiary from Numab's shareholders in an all-cash transaction of approximately $1.25 billion.
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Bay Street May Open Higher; Earnings, Inflation Data In Focus
Canadian shares may open higher Tuesday morning as resources stocks are likely to find support thanks to rising commodity prices. The focus will be earnings, and key economic data from Canada and the U.S.
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TransDigm Group To Acquire Raptor Labs Holdco In About $655 Mln All-cash Deal
TransDigm Group Inc. (TDG) announced Tuesday it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC, a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits.
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Stevanato Group Appoints Franco Stevanato To Succeed Franco Moro As CEO
Stevanato Group S.p.A. (STVN), a drug containment, drug delivery and diagnostic solutions provider, announced Tuesday that its Board of Directors has appointed Franco Stevanato, a current director and the Executive Chairman of the Company, as its new Chief Executive Officer.
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