Forex News
German Economy To Undergo Shallow Recession: Ifo
Germany is set to experience a less severe recession next year as the economy would recover by the spring and rebound strongly with incomes rising faster than prices, the ifo Institute said in its Winter Economic Forecast, released Wednesday. Gross domestic product is forecast to grow 1.8 percent this year, the Mannheim-based think tank said, revising up from its earlier projection of 1.6 percen
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781 days ago
NZ Dollar Lower As Treasury Warns Of Recession In 2023
The NZ dollar fell against its major counterparts in the European session on Wednesday, as New Zealand's Treasury predicted a recession in late 2023.
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781 days ago
Bay Street Seen Opening On Cautious Note As Investors Eye Fed Rate Decision
The Canadian market is likely to open on a cautious note on Wednesday with investors looking ahead to the Federal Reserve's monetary policy announcement.
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781 days ago
Weber Q4 Net Loss Widens; Sales Down 52%
Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.
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781 days ago
UK Inflation Slows On Lower Transport Cost
UK consumer price inflation slowed more-than-expected in November from a 41-year high in October as transport costs rose at a weaker pace, but elevated prices and higher interest rates continue to squeeze household finances, official data showed just a day ahead of the Bank of England rate decision announcement.
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781 days ago
Passage Bio Says New Interim Data From Imagine-1 Clinical Study Strengthens Safety Profile Of PBGM01
Genetic medicines company Passage Bio, Inc. (PASG) announced on Wednesday new interim safety, biomarker, and clinical development results from cohorts 1-3 in the Imagine-1 clinical study.
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781 days ago
Lennox Int'l Guides FY23 In Line With Estimates
Ahead of its 2022 Investor Day in New York City later on Wednesday, Lennox International Inc. (LII) initiated its 2023 financial guidance and long-term financial targets for 2026.
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781 days ago
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Rate Hike Fears Weaken Sentiment At FTSE-100
FTSE 100 of the London Stock Exchange shed more than quarter percent amidst fears over the length and depth of rate hikes by central banks. The Fed's decision is due later in the day whereas the Bank of England would announce its decision on Thursday.
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781 days ago
Fed Fears Drag CAC-40
The CAC-40 tracked a general cautious mood ahead of the Fed's interest rate review later in the day.
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781 days ago
European Stocks Drifting Lower Ahead Of Fed Policy Announcement
European stocks are down in negative territory around noon on Wednesday with investors largely staying cautious ahead of the Federal Reserve's monetary policy announcement, due later in the day.
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781 days ago
DAX Drops As Markets Brace For The Fed's Review
The German stock market benchmark DAX dropped more than half a percent amidst fears over the outcome of the Fed's interest rate review later in the day.
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781 days ago
Eurozone Industrial Production Falls On Weak Demand
Eurozone industrial production declined for the first time in three months in October with almost all sectors contracting as economic uncertainty and higher producer prices took a toll on demand. After rising for two straight months, industrial output dropped 2.0 percent from September, Eurostat, the statistical office of the European Union reported on Wednesday.
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781 days ago
Sensex, Nifty Close Modestly Higher Ahead Of Fed Policy Announcement
Indian benchmark indices Sensex and the Nifty closed higher on Wednesday, extending gains from the previous session, after data from the U.S. Labor Department showed a smaller than expected increase in consumer prices in the world's largest economy in November.
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781 days ago
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