Forex News
Australian Dollar Declines On Global Growth Concerns
The Australian dollar fell against its major counterparts in the European session on Friday, as investors fear that tighter monetary policy across the globe could lead to a recession.
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780 days ago
Asian Stocks End Lower On Recession Worries
Asian markets traded lower on Friday as rate hikes and a hawkish posture by central banks worldwide spooked investor confidence and triggered fears of a recession. Benchmarks in Japan, China, Australia, New Zealand and South Korea plunged into red while the Hang Seng advanced from Thursday's levels.
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780 days ago
Twitter Suspends Accounts Of Some Key Journalists
Elon Musk's Twitter has suspended accounts of several high-profile journalists including that of CNN, The New York Times, The Washington Post, as well as Mastodon, a Twitter rival. Musk, while replying to a Twitter user, said, "They posted my exact real-time location, basically assassination coordinates, in (obvious) direct violation of Twitter terms of service."
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780 days ago
UK Retail Sales Unexpectedly Fall Amid Cost Of Living Crisis, Weak Confidence
UK retail sales declined unexpectedly in November as the rising cost of living and weak consumer sentiment dragged down consumer spending. Retail sales volume fell 0.4 percent from October, when turnover was up by revised 0.9 percent, data from the Office for National Statistics showed Friday. Sales were expected to gain 0.3 percent.
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780 days ago
European Economics News Preview: Eurozone Flash PMI, Inflation Data Due
Flash Purchasing Managers' survey results, foreign trade and final inflation reports from the euro area are the top economic news due on Friday, headlining a busy day. Retail sales and flash PMI figures are also due from the UK. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for November. Sales are forecast to climb 0.3 percent on month.
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780 days ago
Recession Fears Seen Dragging Down European Stocks
Markets in Europe are expected to remain muted amidst overwhelming anxiety regarding prolonged period of interest rate hikes. Close on the heels of the Fed's rate hike on Wednesday, the Bank of England and the European Central Bank, both raised rates by 50 basis points, instilling fresh fears of a recessionary economic scenario.
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780 days ago
Sensex, Nifty Down Firmly In Negative Territory On Global Growth Worries
Indian stock indices Sensex and the Nifty are down firmly in negative territory on Friday, extending losses from the previous session, amid concerns about global economic slowdown due to surging interest rates, and further imminent increases from central banks.
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780 days ago
more news
Asian Markets Mostly Lower Amid Cautious Trades
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, with traders remaining largely cautious as aggressive interest rate hikes by global central banks will push the economy into a recession. Asian markets ended mostly lower on Thursday.
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780 days ago
Thai Stock Market May Take Further Damage On Friday
The Thai stock market on Thursday ended the three-day winning streak in which it had gathered more than a dozen points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,620-point plateau and it's expected to open under pressure again on Friday.
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780 days ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Friday, extending the losses in the previous session, with the benchmark Nikkei 225 falling to stay a tad above the 27,600 level, following the broadly negative cues from global markets overnight, with weakness across all sectors, led by technology stocks, as rising concerns about global economic growth due to surging interest rates dented sentiment.
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780 days ago
Indonesia Bourse May Extend Losing Streak
The Indonesia stock market has finished lower in back-to-back sessions, sinking almost 60 points or 0.8 percent along the way. The Jakarta Composite Index now rests just above the 6,750-point plateau and it may take further damage on Friday.
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780 days ago
Australian Market Notably Lower
The Australian stock market is notably lower on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 below the 7,200 level, following the negative cues from global markets overnight, with weakness across most sectors, led by technology, financial and gold miner stocks, as rising concerns about global economic growth due to surging interest rates dented sentiment.
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780 days ago
Soft Start Anticipated For Hong Kong Stock Market
The Hong Kong stock market on Thursday wrote a finish to the two-day winning streak in which it had gathered almost 210 points or 1.1 percent. The Hang Seng Index now sits just beneath the 19,370-point plateau and it's expected to open under pressure again on Friday.
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780 days ago
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