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Blog 3 Columns

  • Asian Stocks Sink Amid Pre-CPI Angst, China Extends Losses

    Asian Stocks Sink Amid Pre-CPI Angst, China Extends Losses0

    Most Asian stocks sank on Wednesday as markets hunkered down before key U.S. consumer inflation data due later in the day, with Chinese bourses down for a second straight session after disappointing trade readings. China’s Shanghai Composite and Shanghai Shenzhen CSI 300 indexes fell 1.2% and 0.8%, respectively, tracking weaker-than-expected import data that ramped up

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  • Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

    Asia FX Dips After Chinese Imports Disappoint, Dollar Rises0

    Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite

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  • Adidas Quarterly Sales Beat Expectations Despite Yeezy Crisis

    Adidas Quarterly Sales Beat Expectations Despite Yeezy Crisis0

    Adidas said on Friday its first-quarter numbers came in better than expected, although sales dipped 1% from a year-ago period, as investors hope for the German sportswear giant to turn its fortunes around. Adidas (OTC:ADDYY), which last year ended a lucrative partnership with Ye, the rapper formerly known as Kanye West, gave no update on

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  • Sony Shares Tumble On Weaker-Than-Expected Annual Outlook

    Sony Shares Tumble On Weaker-Than-Expected Annual Outlook0

    Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the

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  • Pfizer Pledge For More Equal Access to Rsv Shot Faces Hurdles

    Pfizer Pledge For More Equal Access to Rsv Shot Faces Hurdles0

    Pfizer Inc (NYSE:PFE) has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay distribution in poorer countries by several years, global health officials told Reuters. Pfizer made a commitment on more equitable access last year, following criticism that it prioritized wealthy nations

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  • Amazon’s AWS Warning, PCE Ahead, European Economic Data – What’s Moving Markets

    Amazon’s AWS Warning, PCE Ahead, European Economic Data – What’s Moving Markets0

    Amazon warns of a slowdown at its crucial cloud-computing division, while U.S. stock futures edge down after a fresh batch of other corporate results. Focus will turn to the Federal Reserve’s preferred inflation gauge later today, but in the meantime traders are digesting major economic data out of Europe U.S. stocks pointed lower on Friday

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