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Pound Climbs Amid Strong U.K. PMI Data

Pound Climbs Amid Strong U.K. PMI Data

The pound moved up against its major counterparts in the European session on Wednesday, after a data showed that the nation's private sector activity expanded further in January.
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Orano Canada-Denison Mines JV To Restart McClean Lake Uranium Mining Operations

Orano Canada-Denison Mines JV To Restart McClean Lake Uranium Mining Operations

Orano Canada Inc. and Denison Mines Corp. (DNN, DML.TO), as joint-venture partners in the McClean Lake Joint Venture, announced Wednesday that the JV has approved a restart of uranium mining operations using the joint venture's patented Surface Access Borehole Resource Extraction (SABRE) mining method.
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Alstom Backs Outlook As Q3 Sales, Orders Rise, But 9M Orders Down; Stock Dips

Alstom Backs Outlook As Q3 Sales, Orders Rise, But 9M Orders Down; Stock Dips

French rolling stock maker Alstom SA reported Wednesday growth in its third-quarter sales and orders as well as in nine-month sales. Meanwhile, nine-month orders were weak, and the company maintained its outlook for fiscal 2024 and mid-term. Alstom shares were losing more than 5 percent in the morning trading in Paris.
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FTSE 100 Inches Higher On China Optimism

FTSE 100 Inches Higher On China Optimism

U.K. stocks traded higher on Wednesday, with positive earnings and production updates as well as optimism over Chinese economy boosting sentiment.
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CAC 40 Edges Higher As China Cuts Bank Reserve Ratio

CAC 40 Edges Higher As China Cuts Bank Reserve Ratio

French stocks traded higher on Wednesday after China's central bank said it would cut the amount of cash that banks must hold as reserves from Feb. 5 to help boost the slowing economy.
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DAX Rallies On China Optimism

DAX Rallies On China Optimism

German stocks rose sharply on Wednesday amid optimism that Chinese authorities will offer support for its stock markets.
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Australian Dollar Falls As Asian Shares Traded Lower

Australian Dollar Falls As Asian Shares Traded Lower

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, after most Asian stock markets traded lower, following the mixed cues from Wall Street overnight, as the markets react to earnings news from several big-name U.S. companies.
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European Economic News Preview: Eurozone Flash Composite PMI Data Due

European Economic News Preview: Eurozone Flash Composite PMI Data Due

Flash composite Purchasing Managers' results from the euro area and the UK are the top economic news due on Wednesday. At 3.15 am ET, S&P Global is scheduled to issue France composite Purchasing Managers' survey results. Economists forecast the composite PMI to rise to 45.2 in January from 44.8 in the prior month. At 3.30 am ET, Germany's composite PMI survey data is due.
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