Market consensus forecast was that the quarterly US Advance GDP will show 2.0% growth. Actual released number is a stunning 2.8%.
The liquor and spirit producer Remy Cointreau has reported that it has experienced a decline in sales due to issues in the United States.
Financial Times have reported that the UK consumer goods firm Reckitt has been pressured by shareholders to sell Mead Johnson Nutrition unit.
The banking group BNP Paribas has affirmed that it would reach its 2024 targets, as a decline in retail services has been offset by increase in equity market trading.
GE Aerospace has announced an increase of annual profit forecast due to high demand for aftermarket services. Reportedly, airlines intend to keep older planes in service for longer, as the global market experiences a shortage of airplanes.
US aeronautics firm Lockheed Martin has raised its 2024 sales target due to high demand for missiles and fighter jets.
Toyota Motor Corporation has announced an offer for its shares that amounts to a total of $5.16 billion. The buyback is set to boost the firm's stock price.
The owner of Chrysler has announced the recall of nearly 19,500 hybrid mini-vans in the United States due to the risk of battery fire.
At 13:45 GMT, Bank of Canada lowers interest as it was forecasted, by 0.25 basis points. Current interest rate defined by Bank of Canada's monetary policy is 4.50%.
The stock price of Google parent company Alphabet started the day's trading at $173.81, which is a decline of $8.00 or 4.40%, compared to Tuesday's closing price. This decline is attributed to increasing costs.
Reuters has reported that Ford motor Company and General Motors could suffer due to a decline in demand for electric vehicles and the outage of US dealer software.
The stock price of the EV maker is expected to start the day's trading with a $20.91 or 8.49% drop, which is caused by the firm's quarterly financial results.
During the early hours of July 24, S&P Global released the results of the Purchasing Managers Index survey results. In general, the survey has disappointed the markets, as almost all readings are below expectations.
Restaurant chain McDonalds has announced that it would extend its $5 value meal to August at most US restaurants.
After the scandal with chemical tankers being used for food shipments, Chinese truck producers have implemented new regulation for shipping foodstuff.
The Japan Airlines have ordered ten new 787-9 Boeing airplanes and agreed upon the option to buy ten more additional planes.
UK telecoms firm Vodafone has announce an additional 10% stake sale in Vantage Towers. The sale amounts to a total of $1.4 billion. This sale had been previously announced as a part of a plan to reduce the company's debt.
It has been revealed by various investment firms that they see the end of Biden's re-election campaign as positive for the stock market. However, the future direction of the markets are expected to be set by the announcement of the new Democrat Presidential candidate.
The Chief Executive Officer of the Renault Group Luca de Meo has stated that the set European timeline for switching to EV's requires more flexibility, but should not be abandoned due to a slow market.
The music streaming service Spotify has published quarterly profits that have not only surpassed expectations, but are also a record high for the firm. These news caused a major surge of the company's stock price.
The China Bohai Bank has announced that it intends to sell bad loans that are valued at almost $3.99 billion.
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange.
The banking group Morgan Stanley has revealed that it expects crude oil markets to be in surplus throughout 2025. Due to this reason price could decline to the mid-$70s range.
Chinese EV producer Xpeng has partnered up with Volkswagen to establish project houses for engineers that should increase new EV architecture development speed.