U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut. The consumer price index rose 0.3% last month after advancing 0.4% in March and February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday.
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Deutsche Pfandbriefbank (PBB), one of Germany's top property financiers, posted a slight rise in first-quarter profit and an increase in risk provisions as it navigates troubles in the real-estate industry. The bank's quarterly profit was 29 million euros ($31.27 million), compared with 27 million a year earlier, while provisions for loan losses shot up to 47 million.
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Shares of Adroit Infotech Ltd hit a 5% upper circuit to Rs 21.20 per share from its previous closing of Rs 20.20. The stock’s 52-week high is Rs 24.89 and its 52-week low is Rs 11.73. According to Quarterly Results, total income increased by 86.3 per cent to Rs 8.61 crore in Q4FY24 compared to Q4FY23. The company reported a turnaround net profit of Rs 1.83 crore in Q4FY24, an increase of 198.5%.
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