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Timken Q4 revenue beats estimates on higher pricing
OverviewBearings and industrial motion firm's Q4 revenue rose 3.5%, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany cites higher pricing and favorable currency translation as revenue growth driversOutlookTimken expects 2026 EPS between $4.50 and $5.00Company fore...Reuters
16 minutes ago
EUR/GBP declines as mixed Eurozone data contrasts with BoE policy stability
EUR/GBP eases toward 0.8610 on Wednesday, with the cross pressured by the Euro’s (EUR) relative weakness against a Pound Sterling (GBP) supported by monetary policy expectations in the United Kingdom (UK).
Fxstreet
24 minutes ago
EUR: Inflation drops but ECB remains steady – TD Securities
TD Securities reports on Eurozone inflation, which has dropped to 1.7% year-on-year, primarily due to energy prices. The analysis indicates that this disinflationary trend is not expected to influence the ECB's upcoming meeting, as it has been anticipated.Fxstreet
54 minutes ago
EMERGING MARKETS-EM FX, stocks broadly steady after rally; tech sell-off weighs on Asia
Tech stocks in India, Hong Kong decline Gold prices support South African equities Central bank decision awaited in Poland Afreximbank lines up $8 bln package for South AfricaMSCI EM FX down 0.2%, stocks off 0.1%By Purvi Agarwal Feb 4 (Reuters) - Emerging market currencies and stocks were subdued...Reuters
an hour ago
AUD/USD trades subduedly near 0.7020 ahead of US employment, PMI data
The AUD/USD pair trades marginally lower around 0.7020 during the European trading session on Wednesday. The Aussie pair ticks down as the US Dollar (USD) trades higher ahead of the key United States (US) economic data releases in the North American session.
Fxstreet
an hour ago
Canada's ATS beats Q3 revenue estimates on growth in consumer products, energy sectors
OverviewCanada automation solutions provider's fiscal Q3 revenue rose 16.7%, beating analyst expectationsNet income for fiscal Q3 increased significantly to C$30 millionOrder bookings for fiscal Q3 decreased by 7% year-over-yearOutlookATS expects Q4 revenues between C$710 mln and C$750 mlnCompan...Reuters
an hour ago
Sterling hits fresh 5-month high versus euro, BoE in focus
By Stefano Rebaudo Feb 4 (Reuters) - Sterling rose to a fresh five‑month high against the euro on Wednesday, though investors remained on hold ahead of the Bank of England’s policy meeting later this week.British interest rates are likely to fall further this year, but the BoE will probably sound...Reuters
2 hours ago
Iceland's central bank keeps rate at 7.25% to fight stubbornly high inflation
Inflation in Iceland remains above Sedlabanki's 2.5% targetSedlabanki cites persistent inflationary pressures despite cooling economyEconomic outlook weak, inflation expected to taper off during the year STOCKHOLM, Feb 3 (Reuters) - Iceland's central bank on Wednesday left its policy inte...Reuters
3 hours ago
