US PPI fails to move markets

Source: Dukascopy Bank SA
The release of the US Producer Price Index has caused a minor 10 point decline in the US Dollar index. The move occurred due to the lower than expected Core PPI at 0.0% instead of 0.2% and the revision downwards of the previous month's PPI from -0.5% to -0.4%.
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Wed, 13 Dec 2023 15:02:31 GMT

Pfizer forecasts lower earnings

On Wednesday, Pfizer announced that their 2024 sales were expected to be $5 billion below Wall Street market expectations. The announcement caused a major decline of the company's stock price. The stock price of the company lost $2.45 or 8.59% of its value at the start of Wednesday's US trading.

Wed, 13 Dec 2023 12:30:04 GMT

Hasbro fires employees

After experiencing low toy sales the children's toy producer Hasbro has announced that it would fire 15% of its workforce by laying off 900 employees.

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