International News
US open: Stocks higher following PCE reading
Wall Street stocks opened higher on Friday as the blue-chip tried to reclaim heavy losses recorded earlier in the week.
US consumer confidence edges up in December, inflation expectations mixed
Consumer confidence in the US rose modestly, although inflation expectations were mixed, the results of a closely followed survey revealed.
Americans spend at steady clip in November, PCE prices miss forecasts
Americans continued to spend at a steady clip last month, while prices rose by a tad less than anticipated.
US pre-open: Dow Jones on track for worst weekly performance since March 2023
Wall Street futures had stocks opening lower on Friday, with the blue-chip Dow Jones on track to deliver its worst weekly performance since March 2023.
Novo Nordisk shares slide despite promising weight loss trial results
Novo Nordisk has announced promising results from its REDEFINE 1 phase three trial of CagriSema, a combination of cagrilintide and semaglutide designed for weight loss in adults with obesity or overweight and comorbidities.
Asia report: Most markets fall as PBoC keeps key lending rates steady
Markets in the Asia-Pacific region closed mostly lower on Friday as investors reacted to China's decision to keep key lending rates unchanged and Japan's release of higher-than-expected November inflation data.
Santander sells Caceis stake back to Credit Agricole
Banco Santander has offloaded its 30. 5% stake in asset servicing provider Caceis back to Crédit Agricole, the Spanish and French banks have announced.
German PPI unexpectedly turns positive
The annual change in wholesale prices in Germany unexpectedly turned positive in November for the first time in 17 months, according to data from Destatis on Friday.
China leaves benchmark rates unchanged
China left benchmark lending rates unchanged at Friday’s monthly fixing, in line with expectations.