Forex News
Pound Slides On Disappointing U.K. GDP Data
The British pound weakened against other major currencies in the European session on Friday, after data showed a sharp slowdown in the third quarter growth.
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7 days ago
Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake
Shares of Domino's Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffett's Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Domino's shares were moving up 8 percent and Pool shares were up 7 percent.
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7 days ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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7 days ago
European Shares Slide As Powell Signals Careful Approach To Rate Cuts
European stocks declined on Friday as Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts and mixed Chinese data stoked concerns about slowing demand in the country.
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7 days ago
FTSE 100 Little Changed After GDP Data; Volex Shares Slump 13%
U.K. stocks were little changed on Friday and the pound hovered near a four-month low after data showed Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter.
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7 days ago
CAC 40 Drifts Lower As Powell Dashes Rate-cut Hopes
French stocks traded lower on Friday after Federal Reserve Chair Jerome Powell signalled a cautious approach on rate cuts, given persistent inflationary pressures.
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7 days ago
Canadian Dollar Slides As Crude Oil Prices Drop
The Canadian dollar weakened against other major currencies in the European session on Friday, as crude oil prices declined amid worries about oversupply by growing U.S. crude stocks.
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7 days ago
more news
DAX Slides On Rate Woes; Evotec Shares Jump 18%
German stocks were notably lower on Friday after Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts.
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7 days ago
China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates
China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday.
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7 days ago
Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the European session on Friday.
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7 days ago
Asian Shares Mixed As Traders Pare Rate Cut Bets
Asian stocks turned in a mixed performance on Friday as Federal Reserve Chair Jerome Powell's remarks poured cold water on rate cut optimism and mixed economic data highlighted China's uneven economic recovery.
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7 days ago
UK Economy Logs Meager Growth In Q3
In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weaker growth in services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2 percent.
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7 days ago
Yen Falls As Japan GDP Growth Slows In Q3
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan.
Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.
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7 days ago
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