Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
Activity in China’s manufacturing sector expanded in June as Covid restrictions eased, according to a survey released on Friday.
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
GM continued to grow its market shares over the three months to June thanks to pent-up demand for GM vehicles amid low inventories.
Wall Street stocks were in the red early on Friday as major indices fail to put a horrific first half behind them.
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.
Citigroup is reportedly in talks with several local buyers over a potential sale of its operations in Russia.
Reserve Bank of India´s (RBI) Governor Shaktikanta Das stated that cryptocurrencies are a "clear danger" and that anything that gains value based on fantasy, without anything underlying, is nothing more than speculation under a fancy name. He added that as the financial system becomes increasingly digitized, cyber risks are increasing and require special attention.
Wall Street futures were in the red ahead of the bell on Friday as the second half of 2022 looked set to start off much the same as the first one ended.
Kohl’s shares tumbled in pre-market trade on Friday following a CNBC report that the department store chain is terminating talks to sell its business to Franchise Group.
Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.
Asia shares were lower on Friday on the back of a lower Wall Street and a quarterly report from Japan’s central bank showing weaker business sentiment.
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