Forex News

Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is sharply lower on Tuesday after opening in the green on the first trading day of the year, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,000 mark, despite the broadly positive cues from global markets overnight, as trader reacted to data that showed the lowest growth in factory activity since May 2020.
RTTNews | 847 days ago
Eurozone Factory Slowdown Softens As Supply Chain, Inflation Pressures Ease

Eurozone Factory Slowdown Softens As Supply Chain, Inflation Pressures Ease

Downturn in the euro area manufacturing slowed in the final month of 2022 amid healing supply chains and softening inflationary pressures, final results of the purchasing managers' survey from S&P Global showed Monday. The manufacturing Purchasing Managers' Index rose to a three-month high of 47.8 in December from 47.1 in November. The reading came in line with the flash estimate.
RTTNews | 848 days ago
China Private Sector Sinks Into Deeper Contraction Amid Covid Scare

China Private Sector Sinks Into Deeper Contraction Amid Covid Scare

China's manufacturing and services sectors weakened the most since early 2020 despite the abrupt abandonment of zero Covid policy in December amid public resistance, as the number of infections rise that prompted several countries to raise alerts and, bring back testing and protective measures. The official manufacturing Purchasing Managers' Index declined to 47.0 in December.
RTTNews | 848 days ago
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European Economic News Preview: Eurozone Final Manufacturing PMI Data Due

European Economic News Preview: Eurozone Final Manufacturing PMI Data Due

Results of the purchasing managers' survey for the manufacturing sector from the euro area and other major Eurozone economies are the top economic news on the opening weekday of the new year. At 3.15 am ET, Purchasing Managers' survey results from Spain are due. The manufacturing PMI is forecast to rise to 46.2 in December from 45.7 in the previous month.
RTTNews | 848 days ago
Dollar Loses Ground Against Major Counterparts

Dollar Loses Ground Against Major Counterparts

The U.S. dollar drifted lower against most of its major counterparts on Friday with traders assessing the likely policy stance of global central banks and the impact of higher borrowing costs on economic growth.
RTTNews | 850 days ago

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