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Pound Eases As U.K. Economy Shrinks

The pound retreated from its early highs against its most major counterparts in the European session on Friday, as the U.K. economy contracted in the third quarter, fuelling concerns over a recession.
RTTNews | Před 874 dny
Elon Musk Reportedly Warns Twitter Bankruptcy Possible

Elon Musk Reportedly Warns Twitter Bankruptcy Possible

Elon Musk, in his first meeting with Twitter staff following the acquisition, warned that the social media platform could file for bankruptcy next year, reports said. The news comes as more and more key employees are leaving Twitter following the recent mass layoff. The U.S. Federal Trade Commission said its watching Twitter with deep concern after the company's top privacy and compliance officer
RTTNews | Před 874 dny
CAC 40 Extends Gains On Hopes Of Fed Easing

CAC 40 Extends Gains On Hopes Of Fed Easing

French stocks rose on Friday to extend gains from the previous session as softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest-rate increases in the coming months.
RTTNews | Před 874 dny
DAX Edges Higher As China Eases COVID Curbs

DAX Edges Higher As China Eases COVID Curbs

German stocks eked out modest gains on Friday, as China eased some of its COVID-19 curbs and cooling inflation fueled hopes the U.S. Federal Reserve will go slow on interest-rate hikes.
RTTNews | Před 874 dny
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Asian Shares Climb On Fed Pivot Hopes

Asian Shares Climb On Fed Pivot Hopes

Asian stocks soared on Friday, as China cut quarantine restrictions for inbound travelers and flights, and softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest-rate increases in the coming months.
RTTNews | Před 874 dny
European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

Quarterly national accounts, industrial output and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to release first quarterly GDP estimate for the third quarter. The economy is forecast to shrink 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter.
RTTNews | Před 874 dny
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are trading sharply higher on Friday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to the smaller-than-expected increase in US consumer price inflation in October, which helped increase optimism the US Fed will start slowing the pace of its monetary policy tightening measures as early as next month.
RTTNews | Před 874 dny
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Friday, recouping the losses in the previous two sessions, with the benchmark Nikkei 225 surging more than 700 points to nearly 28,200 level, following the positive cues from global markets overnight, with gains across sectors, led by technology stocks, as softer-than-expected US inflation data raised hopes for a slower pace of interest rate hikes.
RTTNews | Před 874 dny

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