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HSBC Stock Up On Q2 Pre-tax Profit Growth, Outlook Lift, $3 Bln Buyback

HSBC Stock Up On Q2 Pre-tax Profit Growth, Outlook Lift, $3 Bln Buyback

Shares of HSBC Holdings Plc were gaining more than 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE after the British lending major on Wednesday reported higher pre-tax profit, despite weak revenues. The company also lifted fiscal 2024 banking net interest income outlook, and also said it intends to initiate a share buy-back of up to $3 billion...
RTTNews | vor 149 Tagen
European Shares Rally As Earnings Bring Cheer

European Shares Rally As Earnings Bring Cheer

European stocks advanced on Wednesday, with China stimulus hopes and encouraging earnings boosting investor sentiment ahead of the Federal Reserve's interest-rate decision later in the day.
RTTNews | vor 149 Tagen
FTSE 100 Rallies On Earnings

FTSE 100 Rallies On Earnings

U.K. stocks traded sharply higher on Wednesday, with China stimulus hopes and a slew of encouraging earnings boosting sentiment.
RTTNews | vor 149 Tagen
CAC 40 Rallies On China Stimulus Hopes

CAC 40 Rallies On China Stimulus Hopes

French stocks rose sharply on Wednesday, with China stimulus hopes and encouraging earnings boosting investor sentiment ahead of the Federal Reserve's interest-rate decision later in the day.
RTTNews | vor 149 Tagen
DAX Climbs On Solid Earnings

DAX Climbs On Solid Earnings

German stocks traded higher on Wednesday as investors digested encouraging earnings results and awaited central bank decisions in the U.S. and U.K.
RTTNews | vor 149 Tagen
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BoJ Hikes Key Rate Ahead Of Fed Announcement

BoJ Hikes Key Rate Ahead Of Fed Announcement

The Bank of Japan raised its benchmark rate unexpectedly and also outlined its tapering plans on Wednesday ahead of the Federal Reserve's monetary policy announcement. The policy board voted 7-2 to lift the uncollateralized overnight call rate to around 0.25 percent from around 0-0.1 percent. The new rate is the highest since late 2008.
RTTNews | vor 149 Tagen
Yen Retreats After BoJ Surprises Rate Hike

Yen Retreats After BoJ Surprises Rate Hike

The Japanese yen retreated from recent highs against other major currencies in the Asian session on Wednesday, after the Bank of Japan raised its benchmark rate by 15 basis points and also announced its plan to reduce bond purchases.
RTTNews | vor 149 Tagen
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen retreated from recent highs against other major currencies in the Asian session on Wednesday.
RTTNews | vor 149 Tagen
NZ Dollar Rises Amid Risk Appetite

NZ Dollar Rises Amid Risk Appetite

The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday amid risk appetite, as traders remain optimistic about the outlook for interest rates as they cautiously await the U.S. Fed's monetary policy announcement later in the day.
RTTNews | vor 149 Tagen
Australian Dollar Falls After Inflation Data

Australian Dollar Falls After Inflation Data

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as the nation's inflation report spurred expectations among the traders that the Reserve Bank of Australia is likely to maintain its interest rates steady at its monetary policy meeting due next week.
RTTNews | vor 149 Tagen

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