Main title
U. S. retail sales U. S. exports rose 0. 7% month-over-month in July, beating market expectations for 0. 4% growth.
Sharing on the rise
Shares of Delcath Systems, Inc. DCTH rose 78% to $5. 55 after the company announced FDA approval of HEPZATO KIT for the treatment of adult patients with unresectable hepatic dominant metastatic uveal melanoma.
Shares of Novo Integrated Sciences, Inc. NVOS rose 85% to $0. 1316 after the company and Farm 7 Group announced a joint venture for the Kenya Agricultural Cooperative Project.
Shares of Siyata Mobile Inc. SYTA rose 47% to $4. 87 after positive quarterly sales.
Trading down
Shares of F45 Training Holdings Inc. FXLV fell 74% to $0. 1868 after the company announced plans to voluntarily delist and delist its securities.
Shares of Design Therapeutics, Inc. DSGN fell 70% to $2. 17 after the company announced the primary effects of its Phase 1 multiple dose escalation trial of DT-216 for the treatment of Friedrich’s ataxia. The company said there were reactions at the injection site.
Galecto, Inc. GLTO fell 64% to $0. 7820 after the company announced the primary effects of its phase 2b GALACTIC-1 trial of GB0139 for idiopathic pulmonary fibrosis, which showed the trial did not meet its number one endpoint. The company plans to prevent progression of GB0139.
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Wares
In commodity news, oil was down 1% at $81. 66 while gold was down 0. 5% at $1,934. 70.
Silver fell 1% to $22. 48 on Tuesday, while copper fell 1. 5% to $3. 6705.
Euro area
European stocks were down today. The Eurozone’s STOXX 600 fell 1%, London’s FTSE 100 fell 1. 4%, while Spain’s IBEX 35 index fell 1. 2%, Germany’s DAX fell 1. 1% and France’s CAC 40 fell 1. 3%.
The ZEW sentiment indicator for Germany rose from -14. 7 in July to -12. 3 in August.
The UK unemployment rate rose to 4. 2% in the three months to June 2023, the point since the 2021 expiry. Average weekly earnings, adding premiums in the UK, increased 8. 2% year-on-year to GBP 663/week in the three months to June. Labour productivity in the UK increased by 0. 7% quarter-on-quarter in the 3 months to June.
Asia-Pacific markets
Asian markets closed subdued on Tuesday, with Japan’s Nikkei 225 gaining 0. 56%, China’s Shanghai Composite Index falling 0. 07% and Hong Kong’s Hang Seng Index falling 1. 03%.
The People’s Bank of China cut rates on one-year medium-term loans through 15 core issues on Aug. 15. The country’s commercial production increased by 3. 7% year-on-year in July, slowing from the 4. 4% expansion in June
Industrial production in Japan rose 2. 4% month-on-month in June. The Japanese economy grew by 6. 0% on an annualized basis in the current quarter, higher than the revised growth of 3. 7% in the previous period.
Economy
U. S. retail sales U. S. exports rose 0. 7% month-over-month in July, beating market expectations for 0. 4% growth.
Export costs to the United States increased 0. 7% month-over-month in July, while import costs increased 0. 4% month-over-month in July.
New York’s Empire State Manufacturing Index fell to -19 in August, from 1. 1 in July, and below market estimates of -1.
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