JLR will report its full financial results for the first quarter later in July. Based on preliminary cash balances, the luxury carmaker expects to report positive free cash flow of over £400 million in the quarter. Meanwhile, Tata Motors has informed the exchanges that it will announce its first quarter results on July 25.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of