International News
Europe close: Stocks manage positive finish to turbulent week
European shares ended the final day of the week higher, boosted by auto stocks and the eurozone central bank’s promise to continue stimulus.
US services sector activity slows more than expected in July, IHS Markit says
US business activity cooled in July due to the drag from the services sector, the results of two closely-followed surveys revealed.
Honeywell beats on Q2 sales and earnings, guides higher for full-year
Industrial conglomerate Honeywell beat analysts' estimates for second quarter profits and sales amid a recovering, but still challenging, global economy.
US pre-open: Futures point higher after Intel, Twitter and Snap results
US stock market futures are pointing to a higher start at the end of the week despite mixed second quarter results from Intel and Twitter overnight.
Asia report: Markets mixed as Didi leads Chinese tech plays lower
Stock markets in Asia were mixed as they closed on Friday, with technology plays leading the losses in Greater China, as regulatory concerns reemerged from Beijing.
Intel's Q3 guidance disappoints, shares slip
Semiconductor giant Intel posted better-than-expected quarterly profits overnight, but guidance for the following quarter fell short of forecasts.
BHP Group inks deal to supply Tesla with nickel for EV batteries
BHP Group will supply Tesla with the nickel needed to produce the batteries required by its electric cars.
US open: Stocks mixed as investors digest a surprise uptick in weekly jobless claims
Wall Street trading got off to a mixed start on Thursday as market participants digested a surprise increase in weekly jobless claims.
Barclays on outlook for Treasury yields
Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
US home sales grow at a moderate pace in June
US home sales bounced back in June following four consecutive monthly declines, however the pace was moderate as higher prices and low inventory continued to weigh on the property market.
Texas Instruments' disappointing guidance offsets solid Q2 performance
Semiconductor outfit Texas Instruments issued revenue guidance that disappointed investors overnight on Wednesday, with concerns that the Covid-19 fuelled demand for chips would be short-lived offsetting a strong second quarter performance.
Asia report: Stocks rise across region, BHP strikes deal with Tesla
Markets in Asia closed in positive territory on Thursday, led by Hong Kong’s bourse, as BHP surged ahead in Sydney on the back of a new deal with Tesla.
US pre-open: Futures trade higher ahead as bond yields stabilise
Wall Street futures were pointing to another positive session for stocks as market participants continued to eye bond yields and corporate earnings.
US jobless claims jump as automakers retool
First time unemployment claims in the US bounced back unexpectedly during the previous week, pushed higher by the annual retooling of automakers.
Profits take off at American Airlines
American Airlines Group swung to a profit in the second quarter, the US carrier revealed on Thursday, as revenues bounced back.
ECB tweaks guidance, rates may now stay lower for longer
Policymakers at the European Central Bank will keep its interest rates at their current low level until it sees inflation returning to its new target level "well ahead" of its projection horizon and in a "durable manner".
Europe close: Corporate results boost main indices
European shares continued to rally on Wednesday as upbeat earnings reports and a strong rise in travel stocks boosted sentiment.
Verizon beats expectations on revenue and earnings
American communications giant Verizon beat earnings expectations for the second quarter on Wednesday, reporting adjusted earnings of $1. 37 per share.
Coca-Cola raises FY guidance following rebound in demand
Soft drinks maker Coca-Cola raised its full-year revenue guidance on Wednesday amid a rebound in demand thanks to a reopening US economy.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.