Stock Markets
European stock markets declined for the sixth straight session. Why are European stock markets falling?
European stock indices ended trading in the red for the sixth consecutive session on Wednesday amid investors’ worries about further economic growth and higher interest rates around the world. Why are European stock markets falling?
Traders are awaiting the publication of data on U.S. consumer price changes in September, which may indicate how effectively the U.S. Federal Reserve’s (Fed) tightening policy is working. The Labor Department’s report will be released Thursday and analysts expect U.S. inflation to slow to an annualized rate of 8.1% last month from 8.3% in August, according to Trading Economics.
Why are European stock markets falling? U.K. GDP fell 0.3% month on month in August after rebounding 0.1% in July, the country’s statistics agency ONS said. Experts on average expected that the volume of the economy in the month before last will not change compared to July, according to Trading Economics. In annual terms, GDP growth in Britain slowed to 2% from 3.1% in July.
Industrial production in Britain fell 1.8% in August compared to July after falling 1.1% a month earlier, the ONS report also said. At the same time, manufacturing output fell 1.6%, mining output fell 8.2%, and power generation output fell 0.6%. On an annualized basis, industrial production in the country fell 5.2% in August, down from a 3.2% decline a month earlier. This also affects European stock markets futures.
Britain’s trade deficit widened to 7.1 billion pounds ($7.8 billion) the month before last from 5.4 billion pounds in July. Imports increased by 4.3% month-on-month to a record 75.3 billion pounds; exports – by 2.2% to 68.2 billion pounds.
Earlier we reported that the US stock indices fell by 0.1-0.3%.
Stock Markets
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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Stock Markets
Oak Valley Community Bank Named One of Central Valley’s Best Places to Work
OAKDALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) is pleased to announce that it was named by Best Companies Group as one of 2024 Best Places to Work: Central Valley. At the same time, OVCB was recognized by Opportunity Stanislaus for Growing the Economy by increasing their workforce by 10% or more throughout 2023.
We are honored to be acknowledged for our growth and named one of the Best Places to Work in the Central Valley. This recognition is a testament to our commitment to fostering a positive and supportive workplace environment and excellence in all that we do. Our success is built on our service culture, which is embraced by all members of our team. Our exceptional service is what distinguishes us. It’s not just about meeting expectations; it’s about exceeding them in ways that build lasting trust and loyalty. By delivering on this promise consistently, we create our own brand ambassadors “ who speak highly of the bank and refer colleagues and friends. We would like to take this opportunity to recognize our team. We are grateful for their loyalty and commitment to our customers, our communities, and each other, stated Chris Courtney, CEO.
Best Places to Work: Central Valley is a survey and recognition program dedicated to celebrating those employers locally who excel at creating quality jobs and environments where employees are happy to work. As a research-driven program from Best Companies Group, Best Places to Work examines a company’s practices, programs, and benefits and surveys employees for their perspective. All companies that participated in the 2024 Best Places to Work: Central Valley program receive an in-depth evaluation identifying strengths and weaknesses according to their employees. In turn, this report can be used in developing or enhancing employee retention and recruitment programs.
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We are honored to be recognized with this year’s Best Places to Work recipients; Automation Group; O’Dell (NYSE:) Engineering, Inc., Grimbleby Coleman Advisors & Accountants, Haggerty Construction, Inc., ITSolutions-Currie, One Digital, The Wonderful Company, and Community Hospice & Health Services.
Best Places to Work: Central Valley is brought to you by Opportunity Stanislaus. For more information on Best Places to Work: Central Valley visit www.bestplacestoworkcentralvalley.com.
About Opportunity Stanislaus Opportunity Stanislaus is a local economic development organization focused on improving the economic vitality of Stanislaus County. To do so, they help local entrepreneurs start and grow businesses and work to attract innovative companies to the county. For more information visit www.opportunitystanislaus.com.
About Oak Valley Community Bank OVCB offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop. For more information visit www.ovcb.com.
Contact: | Chris Courtney/Rick McCarty |
Phone: | (209) 848-BANK (2265) |
Toll Free (866) 844–7500 | |
www.ovcb.com |
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