Forex News
Pound Depreciates On Weak U.K. GDP Data
The pound lost ground against its major counterparts in the European session on Monday, as the nation's economy shrank for the second straight month in April, sparking fears about the risk of a recession.
RTTNews |
896 days ago
European Shares Extend Losses On Growth Worries
European stocks fell sharply on Monday to extend losses from the previous session as hotter-than-expected U.S. inflation data along with news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang sapped investors' appetite for riskier assets.
RTTNews
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896 days ago
Asian Shares Plunge On Inflation, COVID Worries
Asian stocks nosedived on Monday as hotter-than-expected U.S. inflation data coupled with news that China's capital Beijing is facing an "explosive" COVID-19 outbreak connected to a bar stoked concerns about global growth.
RTTNews
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896 days ago
Australian Dollar Weakens On Fed Tightening Fears
The Australian dollar fell against its major counterparts in the Asian session on Monday, as Asian stocks followed Wall Street lower on concerns that the Federal Reserve may pursue a more aggressive policy tightening to bring inflation down.
RTTNews
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896 days ago
UK GDP Falls For Second Straight Month1
The UK economy shrank for the second straight month in April after services, construction and production contributed negatively for the first time in more than a year, the Office for National Statistics said on Monday. Gross domestic product fell unexpectedly by 0.3 percent on month, faster than the 0.1 percent drop in March.
RTTNews
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896 days ago
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