Germany industrial orders jump 2.5% in July, above forecasts
German industrial orders rose 2.5% in July versus the previous month on a seasonally and calendar adjusted basis, exceeding analysts’ Reuters poll for a 0.3% increase.
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Dow falls over 150 points as Smucker gains on Q1 results
The Dow Jones fell more than 150 points Wednesday, while J.M. Smucker shares rose about 3% after better-than-expected first-quarter results and raised FY27 guidance above estimates.
PCE inflation rises 3.7% in July, above forecasts
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July versus economist forecasts of 3.6%, while the monthly measure increased 0.2% and core PCE was unchanged at 3.3%.