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Japan Composite PMI Data Due On Tuesday
Japan will on Tuesday see preliminary January figures for its composite PMI from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In December, the PMI score was 48.9.
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Technology Stocks Shine As TSX Rises For 2nd Straight Day
The Canadian market ended on a strong note on Monday, led by gains in technology and healthcare sectors.
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Dollar Subdued On Hopes Fed Will Slow The Pace Of Rate Hikes
After exhibiting weakness in the Asian session and during much of the European session, the U.S. dollar climbed higher on Monday but struggled to hold gains amid rising expectations the Fed will slow the pace of interest rate hikes.
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Swiss Market Ends Notably Higher
After staying somewhat subdued till noon, the Switzerland market gained in strength on Monday as stocks from across several sectors moved higher on strong buying support.
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European Stocks Close Broadly Higher
Despite staying somewhat sluggish for much of the day's trading session, European stocks closed broadly higher on Monday with investors weighing global economic outlook amid easing concerns about interest rates following recent inflation data from several countries.
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Canadian Market Up In Positive Territory; Technology Stocks Rise
The Canadian market is up firmly in positive territory in late morning trade on Monday, led by gains in technology and healthcare sectors.
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U.S. Leading Economic Index Shows Another Steep Drop In December
Continuing to signal a near-term recession for the U.S. economy, the Conference Board released a report on Monday showing another sharp drop by its reading on leading U.S. economic indicators in the month of December.
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Hawkish ECB Comments Lift Euro
The euro was higher against its most major counterparts in the European session on Monday, as a policymaker of the European Central Bank suggested that the central bank is planning to raise rates by 50 basis points in February and March to control inflation in the region.
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Currency Movements Highlight Monetary Policy Divergence
Currency movements during the week spanning January 16 to 23 brought to the fore, the wide divergence between monetary policy approaches pursued by major central banks.
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Stanley Black & Decker Appoints Patrick Hallinan As New CFO
Stanley Black & Decker (SWK) announced Monday the appointment of Patrick Hallinan to Executive Vice President, Chief Financial Officer, effective April 6. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker.
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Agilent Inks Deal With Quest Diagnostics To Offer CtDx FIRST Liquid Biopsy Test Across US
Agilent Technologies, Inc. (A) announced Monday an agreement with Quest Diagnostics (DGX), a diagnostic information services company, to enable providers and patients throughout the U.S. to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test.
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Leidos Granted Two New Task Orders Totaling $1.5 Bln To Support Social Security Administration
Science and technology firm Leidos Holdings, Inc. (LDOS) announced Monday that it has recently been awarded two new task orders under the IT Support Services Contract II (ITSSC2) by the Social Security Administration (SSA).
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Baker Hughes Q4 Profit Down, Misses Estimates; Orders Climb
Oilfield services provider Baker Hughes Co. reported Monday weak profit in its fourth quarter, below market estimates, despite higher revenues driven by strong volume in both segments. Orders climbed significantly, and the company said it maintains a positive outlook for the energy sector in fiscal 2023. In pre-market activity on Nasdaq, Baker Hughes shares were gaining around 2 percent.
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