Forex News
FTSE Edges Lower Ahead Of BoE Rate Decision
U.K. stocks edged lower on Thursday as investors digested the Fed's hawkish comments and looked ahead to the BoE rate decision later in the day for directional cues.
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846 days ago
CAC 40 Slips On Rate Hike Worries
French stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, adding to worries of a global economic slowdown.
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846 days ago
DAX Slips On Hawkish Fed
German stocks slipped into the red on Thursday after Fed forecasts showed the U.S. central bank sees its benchmark interest rate reaching 4.4 percent by end-2022 and rising even further in 2023.
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846 days ago
Asian Shares Slide On Fed Vow To Quell Inflation
Asian stocks declined on Thursday after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest-rate hikes to curb rampant inflation reaching a 40-year high.
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846 days ago
Franc Weakens After SNB Decision
As expected, the Swiss National Bank raised its policy rate by 75 basis points to 0.50 percent from -0.25 percent. The franc fell against its major counterparts after the decision.
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846 days ago
Franc Rises Ahead Of SNB Decision
The Swiss National Bank's monetary policy announcement is due at 3:30 am ET Thursday. The SNB is widely expected to raise its policy rate by 75 basis points to 0.50 percent from -0.25 percent.
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846 days ago
Indian Rupee Falls To Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in morning deals on Thursday, as a third straight 75 basis point rate hike from the U.S. Federal Reserve lifted the latter.
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846 days ago
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European Shares Poised For Sharp Sell-off As Recession Fears Mount
European stocks look set to open deep in the red on Thursday after Federal Reserve officials raised rates by 75 basis points for the third consecutive meting and signaled even more aggressive hikes than investors had envisioned in the months ahead to cool stubbornly high inflation.
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846 days ago
European Economics Preview: BoE, SNB Monetary Policy Announcements Due
The monetary policy announcements from the Bank of England and Swiss National Bank are the major events due on Thursday. The Monetary Policy Committee of the BoE is expected to raise the benchmark rate for the seventh straight month. Markets expect at least a 50 basis-point rate hike after the U.S. Federal Reserve raised its key rate by 75 basis points on Wednesday.
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846 days ago
Bank Of Japan Maintains Ultra-Loose Monetary Policy
The Bank of Japan maintained its ultra-loose monetary policy on Thursday despite the sharp weakening of the yen amid tightening stance adopted by its global peers. The policy board, governed by Haruhiko Kuroda, decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.
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846 days ago
Sensex, Nifty Off Day's Lows; Financials Drag
Indian shares opened lower on Thursday amid weak global cues and the expiry of weekly F&O contracts.
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846 days ago
Asian Markets Track Wall Street Sell-off
Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, after the US Fed raised interest rates by another three-quarter of a percentage point to their highest level since early 2008 and signaled further aggressive rate hikes for the remainder of the year. Asian Markets closed mostly lower on Wednesday.
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846 days ago
Sensex, Nifty Set To Extend Losses Amid Global Sell-off
Indian shares look set to extend losses from the previous session on Thursday, as investors brace for a "sustained period of below trend growth" in the United States and "some softening of labor market conditions" due to aggressive policy tightening.
The Fed hiked rates by 75 bps in line with expectations, but the accompanying policy statement and projections signaled another 75bp move in November followed by a 50bp move in December.
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846 days ago
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