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U.S. Producer Prices Rise Slightly More Than Expected In August
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August.
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vor 38 Tagen
Bay Street Looks Headed For Positive Start
Canadian shares look headed for a positive start Thursday morning thanks to firm European markets and higher crude oil and gold prices.
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vor 39 Tagen
OpenAI In Talks To Raise $6.5 Bln For $150 Valuation
OpenAI, the maker of popular chatbot ChatGPT, is in talks to raise $6.5 billion in equity financing from investors at a valuation of $150 billion, Bloomberg reported, citing people familiar with the situation. The Microsoft-backed company is also in talks with banks for another $5 billion in debt in the form of revolving credit facility. The new valuation is significantly higher than the $86...
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vor 39 Tagen
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday amid risk appetite, as traders react to a key U.S. inflation report that showed a bigger than expected increase in core inflation, raising expectations for a quarter-point rate cut at the U.S. Fed's monetary policy meeting next week.
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vor 39 Tagen
Sensex, Nifty Log Fresh Record Highs
Indian benchmark indexes Sensex and Nifty hit new record highs on Thursday, mirroring gains in global markets as investors looked past high core U.S. inflation number and shift their focus to producer price inflation and weekly jobless claims data due later in the day for fresh hints regarding the size of future rate cuts by the Federal Reserve.
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vor 39 Tagen
Antipodean Currencies Rise Amid Risk Appetite
The Antipodean currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders react to a key U.S. inflation report that showed a bigger than expected increase in core inflation, raising expectations for a quarter-point rate cut at the U.S. Fed's monetary policy meeting next week.
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vor 39 Tagen
UK Housing Market Conditions Improve On Interest Rate Cut: RICS
The UK housing market conditions strengthened in August as the recent decrease in mortgage interest rates spurred demand and sales activity, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday. The number of people looking to buy homes increased in August, with the balance rising to 15 from 4 in July.
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vor 39 Tagen
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European Shares Surge Ahead Of ECB Rate Decision
European stocks traded higher on Thursday ahead of a European Central Bank policy meeting later in the day.
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vor 39 Tagen
FTSE 100 Rises As BoE Adjusts Capital Requirements For Banks
U.K. stocks traded higher on Thursday after the Bank of England relaxed a proposed overhaul of the banking system.
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vor 39 Tagen
CAC 40 Inches Higher With ECB Meet In Focus
French stocks advanced on Thursday ahead of a European Central Bank (ECB) policy meeting later in the day.
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vor 39 Tagen
DAX Gains Ahead Of ECB Decision
German stocks traded higher on Thursday amid expectations the European Central Bank (ECB) will deliver a quarter-point rate cut later today, a move that would mark its second reduction to the deposit rate this year.
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vor 39 Tagen
Swiss Franc Slides Against Most Majors
The Swiss franc weakened against most major currencies in the Asian session on Thursday.
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vor 39 Tagen
Asian Shares Follow Wall Street Higher; Nikkei Surges Over 3% On Weaker Yen
Asian shares advanced on Thursday, buoyed by a tech-fueled rally on Wall Street overnight.
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vor 39 Tagen
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