Markets

UK Manufacturing Stuck at Multi-Year Low

UK Manufacturing Stuck at Multi-Year Low

A closely followed gauge of UK manufacturing remained stuck at a six-and-a-half-year low in July as a downturn in the sector continued at the start of the third quarter, according to fresh figures from IHS Markit. At 48.0 in July, unchanged from June, the headline seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index stayed below the neutral 50.0 mark for the […]

S&P 500 Posts 2.6% Weekly Decline, 6.6% Monthly Drop

S&P 500 Posts 2.6% Weekly Decline, 6.6% Monthly Drop

The Standard & Poor’s 500 index closed Friday’s session down 2.6% on the week and recorded its first monthly drop since December as worries about trade tensions increased amid new threats by the US on Mexico. The index ended the week at 2,752.06, down from last week’s closing level of 2,826.06 and marking its largest weekly drop since the week […]

Nasdaq Delists Intellipharmaceutics, Aceto, GTY Technology’s Warrant

Nasdaq (NDAQ) on late Friday said it will delist two medical companies, namely Intellipharmaceutics International (IPCI) and Aceto (ACET), as well as the warrant of GTY Technology Holdings (GTYHW). According to a statement, Intellipharmaceutics International’s stock was suspended on March 21 and has not traded on Nasdaq since that time, and Aceto’s stock was suspended on April 3 and has […]

Bond Prices Extend Rally Late, Settle Near Highs; Curve Steeper

US Treasury prices took off Friday following an overnight rally on the threatened Mexican trade tariffs and extended gains into the close with the 2-year holding a significant lead while the long bond was the laggard, steepening the curve. The market was able to add to the upside on the break in equities as flight-to-quality and month-end buying boosted prices […]