Dollar Slightly Down After U.S. Weekly Jobless Claims, PPI
BRUSSELS (dpa-AFX) - The U.S. weekly jobless claims for the week ended May 8 and PPI for April have been released at 8:30 am ET Thursday. The greenback fell slightly against its major counterparts after these data.
The greenback was trading at 109.56 against the yen, 1.2083 against the euro, 1.4034 against the pound and 0.9075 against the franc around 8:33 am ET.
Copyright RTT News/dpa-AFX
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By Cecilia Butini Bayer AG on Wednesday reported a rise in net profit despite slightly lower sales and backed its outlook for the year. The German pharmaceutical and chemical conglomerate posted net profit of 2.09 billion euros ($2.54 billion), up from EUR1.49 billion in the same quarter of 2020. Earnings before interest, taxes, depreciation and amortization before special items were EUR4.12 billion, slightly down from EUR4.39 billion the year prior. Sales stood at EUR12.33 billion in the period, versus EUR12.85 billion the previous year, the company said. Free cash flow plunged to negative EUR3.23 billion from negative EUR793 million the year prior, due to settlement payments for litigations in the U.S., Bayer said.
Global manufacturing expands in April but at slower pace: index
Xinhua
09 May 2021, 16:44 GMT+10
BEIJING, May 9 (Xinhua) Global manufacturing activity increased in April for a 10th consecutive month, though at a slightly slower pace than in March, according to an index published by the China Federation of Logistics and Purchasing (CFLP). The global manufacturing purchasing managers index (PMI) stood at 57.1 percent in April, down from 57.8 percent the previous month, according to the CFLP. A reading above 50 indicates expansion, while a reading below 50 reflects contraction. Despite the slight rollback, readings for March and April were both above 57, indicating stable global recovery, said the CFLP.
By David Hodari Saudi Arabian Oil Co. on Wednesday cut all of the prices at which it will sell oil to Asia and Europe in June, while slightly raising its prices for the U.S., signaling the struggles some of Europe s and Asia s economies have faced in keeping coronavirus infection rates at bay. The state-run company, also known as Saudi Aramco, cut all prices for Far East Asia, lowering its Arab light crude oil by 0.10 cents a barrel to a 1.70 cents-a-barrel premium to the Oman/Dubai average. Meanwhile, Aramco cut its light crude sale price to Northwest Europe by 0.50 cents a barrel, leaving it at a 2.90-cents-a -barrel discount to Brent crude oil traded on the Intercontinental Exchange, while lowering its light crude sale price for the Mediterranean by 0.20 cents a barrel to give it a 2.30-cents-a-barrel discount to ICE Brent.
WASHINGTON (dpa-AFX) - Crude oil futures settled slightly lower on Wednesday as traders weighed global energy demand and supply prospects, tracking inventory data and reports showing continued