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U.S. Import Prices Climb 0.8% In March, Much Less Than Expected

Import prices in the U.S. grew by much less than expected in the month of March, according to a report released by the Labor Department on Wednesday. The Labor Department said import prices climbed by 0.8 percent in March after increasing by a downwardly revised 0.9 percent in February. Economists had expected import prices to surge by 2.0 percent.
RTTNews | 149 days ago
Morgan Stanley Q1 Net Profit Rises 30%

Morgan Stanley Q1 Net Profit Rises 30%

Financial services firm Morgan Stanley (MS) reported Wednesday a net profit for the first quarter that increased 30 percent from last year, driven by 16 percent revenue growth and 27 percent lower provisions for credit losses. The firm also declared a quarterly dividend of $1.00 per share.
RTTNews | 149 days ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are seen opening on a mixed note on Wednesday with investors looking ahead to a fresh round of ceasefire negotiations between officials from the U.S. and Iran later this week. Investors will also be reacting to earnings updates from Morgan Stanley and Bank of America.
RTTNews | 149 days ago
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CAC 40 Moderately Lower; Kering, Hermes International Decline Sharply

CAC 40 Moderately Lower; Kering, Hermes International Decline Sharply

France's equity benchmark CAC 40 drifted lower Wednesday morning, weighed down by some disappointing corporate updates. Meanwhile, investors continued to track geopolitical news, particularly the reports about possible second round of ceasefire talks between U.S. and Iran later in the week.
RTTNews | 149 days ago
Eurozone Industrial Production Recovers

Eurozone Industrial Production Recovers

Eurozone industrial production recovered in February, driven by increases in non-durable and capital goods output, data from Eurostat revealed on Wednesday. Industrial production advanced 0.4 percent on a monthly basis, in contrast to the 0.8 percent decline in January. Output was expected to grow 0.3 percent. Among components of industrial output, non-durable consumer goods output posted the b
RTTNews | 149 days ago
DAX Up Marginally In Cautious Trade

DAX Up Marginally In Cautious Trade

German stocks are turning in a mixed performance Wednesday morning with investors reacting to corporate earnings and looking ahead to fresh round of discussions between the U.S. and Iran.
RTTNews | 149 days ago
Oil Prices Inch Higher After A Two-day Slump

Oil Prices Inch Higher After A Two-day Slump

Oil prices traded higher on Wednesday after falling sharply in the previous session following a warning from the International Energy Agency that high oil prices could lead to a fall in global demand.
RTTNews | 149 days ago

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