RTTNews | Jul 29, 2020 04:45PM EDT

04:45 Wednesday, July 29, 2020

|BEGINSUB|Asian Shares Mixed Amid Possible U.S. Stimulus Impasse|ENDSUB|Asian stocks ended mixed on Wednesday as investors awaited updates on a U.S. coronavirus relief bill and looked ahead to a Federal Reserve meeting for clues on the outlook for monetary policy.

|BEGINSUB|Major European Markets Close Mixed|ENDSUB|The major European markets turned in a mixed performance on Wednesday, and most of the other markets in Europe drifted lower, as the mood remained cautious amid continued worries about the rapid spread of the coronavirus pandemic across the world and fears of fresh lockdown measures.

|BEGINSUB|U.S. Stocks Show Strong Move Back To The Upside As Fed Leaves Rates Unchanged|ENDSUB|Stocks moved significantly higher over the course of the trading day on Wednesday, offsetting the pullback seen late in the previous session. The major averages all moved to the upside, although the Dow underperformed its counterparts.

|BEGINSUB|Stock Alert: Eastman Kodak Hits New 52-week High |ENDSUB|Shares of Eastman Kodak Co. are surging almost 143 percent or $11.35 in Wednesdays morning trade at $19.29, after touching a new 52-week high of $21.32 earlier. The stock had closed Tuesdays trading up 203 percent.

The U.S. International Development Finance Corp. or DFC is awarding a $765 million loan to Eastman Kodak for manufacturing critical pharmaceutical components for generic drugs production.

|BEGINSUB|Stock Alert: Tupperware Brands Jumps 51% On Upbeat Q2 Profit |ENDSUB|Shares of Tupperware Brands Corp. (TS:TUP) are surging almost 51 percent or $4.89 in Wednesdays morning trade at $14.52 after the household products companys second-quarter profit surged from last year and beat analysts expectations.

Wednesday, Tupperware reported second-quarter net income of $63.8 million or $1.30 per share, up from $39.4 million or $0.81 per share in the year-ago period. Adjusted earnings of $0.84 per share comfortably beat the consensus estimate of analysts polled by Thomson Reuters of $0.14 per share.

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