Wall Street opens higher as economic data allays growth worries

U.S. stock indexes opened higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief to investors worried about a sharp slowdown in economic growth.

newspaper

27-05-2022

Wall St set for gains as economic data allays growth worries

U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth.

newspaper

27-05-2022

Futures extend gains after economic data

U.S. stock index futures extended gains on Friday after data showed annual inflation appeared to have peaked, while strength in consumer spending allayed concerns about a sharp slowdown in economic growth.

newspaper

27-05-2022

Futures inch up ahead of economic data, Gap slumps on outlook cut

U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast.

newspaper

27-05-2022

Nippon Steel sees seamless pipe business back in profit thanks to increased gas drilling

Nippon Steel Corp, the world's No.5 steelmaker, expects its seamless pipe business will return to a profit this year from a loss last year as gas drilling activity is on the rise to meet higher demand for non-Russian fuel.

newspaper

26-05-2022

EasyJet says 200 flights cancelled due to IT issues

LONDON (Reuters) -Low-cost carrier easyJet said an IT problem that caused it to cancel around 200 flights on Thursday had been resolved, but its programme could be disrupted for the rest of the day.

newspaper

26-05-2022

Car sales dampened by chip shortage, COVID measures

SHANGHAI/BERLIN (Reuters) -Car sales in China, Europe and the United States remain depressed compared to last year's levels as semiconductor shortages and anti-pandemic measures weigh on global autos markets, data showed on Thursday.

newspaper

26-05-2022

Rouble slumps over 10% to near 2-week low as Russia slashes rates again

(Reuters) -The Russian rouble slumped around 10% against the dollar in volatile trade to a two-week low on Thursday as the central bank cut interest rates to 11% and suggested more cuts would follow as inflation risks subside.

newspaper

26-05-2022