GM said quarterly earnings were dragged down by some $1.3 billion in warranty recall costs, including $800 million related to the Chevrolet Bolt EV.
CVS Health raises estimates after strong earnings, but shares fall on investment plans
The drugstore chain said its business has begun to normalize, as customers buy more items in the front of the store and pharmacists fill more prescriptions.
Germany’s Commerzbank reports second-quarter loss as restructuring, write-off charges bite
Commerzbank on Wednesday reported a net second-quarter loss due to restructuring costs and an exceptional write-off to an outsourcing project.
Synthetic biology company Zymergen plunges 68% after saying product revenue will be ‚immaterial‘ in 2022, removing CEO
Three months after its IPO, Zymergen is warning investors that revenue is much further out than expected.
ForexLive European FX news wrap: Kiwi sticks with gains, risk appetite lukewarm
Forex news from the European trading session – 4 August 2021
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities higher; S&P 500 futures down 0.2%
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities higher; S&P 500 futures down 0.2%
US MBA mortgage applications w.e. 30 July -1.7% vs +5.7% prior
Latest data from the Mortgage Bankers Association for the week ending 30 July 2021
– +5.7%
– Market index 734.3 vs 737.9 prior
– Purchase index 247.5 vs 251.7 prior
– +5.7%
– Market index 734.3 vs 737.9 prior
– Purchase index 247.5 vs 251.7 prior
FX option expiries for 4 August 10am New York cut
A look at what is on the board for today
A couple of large ones layered for EUR/USD on the day, as highlighted in .
bold
They are all trapped in between 1.1830-60, which amounts to roughly €3.2 billion worth of expiries. That matches up with near-term technical levels, with the key hourly moving averages seen @ 1.1838 and
A couple of large ones layered for EUR/USD on the day, as highlighted in .
bold
They are all trapped in between 1.1830-60, which amounts to roughly €3.2 billion worth of expiries. That matches up with near-term technical levels, with the key hourly moving averages seen @ 1.1838 and
Eurozone June retail sales +1.5% vs +1.7% m/m expected
Latest data released by Eurostat – 4 August 2021
UK July final services PMI 59.6 vs 57.8 prelim
Latest data released by Markit/CIPS – 4 August 2021
The preliminary report can be found . That’s a decent bump in the final readings but it still reaffirms the slowest growth in UK business activity since March.
The preliminary report can be found . That’s a decent bump in the final readings but it still reaffirms the slowest growth in UK business activity since March.