Forex News
European Shares To Open On Mixed Note Ahead Of Powell's Speech
European stocks are likely to open on a mixed note Friday as investors await Fed Chair Jerome Powell's Jackson Hole speech later in the day for greater clarity on the timing and pace of possible interest rate cuts this year.
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128 days ago
Sensex, Nifty Struggle For Direction Ahead Of Powell's Speech; IT Stocks Underperform
Indian shares struggled for direction in early trade on Friday as investors awaited cues from U.S. Federal Reserve Jerome Powell's speech at the ongoing Jackson Hole Economic Symposium.
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128 days ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Friday, following the negative cues from Wall Street overnight, as traders are booking some profits and remain reluctant to continue buying stocks ahead of the Kansas City Fed's Jackson Hole Economic Symposium, which gets underway later in the day. They look ahead to Fed Chair Jerome Powell's comments for further clarity on the outlook for rates.
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128 days ago
Sensex, Nifty Seen Flat To Lower As Investors Await Powell's Jackson Hole Speech
Indian shares look set to open on a tepid note Friday, tracking mixed cues from global markets as investors await Fed Chair Jerome Powell's Jackson Hole speech later in the day for greater clarity on the upcoming policy action by the U.S. central bank.
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128 days ago
Japanese Market Modestly Lower
Reversing the gains in the previous session, the Japanese stock market is trading modestly lower on Friday, following the broadly negative cues from Wall Street overnight. The benchmark Nikkei 225 is falling to be a tad above the 38,100 level, with weakness across most sectors led by index heavyweights and technology stocks.
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128 days ago
Australian Market Notably Lower
The Australian stock market is notably lower on Friday, snapping a ten-session winning streak, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,000 mark, with weakness across most sectors led by mining and energy stocks as traders book some profits after the recent winning run.
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128 days ago
U.S. Dollar Regains Ground Following Recent Weakness
After trending lower over the past several days, the value of the U.S. dollar has regained some ground during trading on Thursday.
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128 days ago
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ECB Policymakers Focused On September Meet To Discuss Rate Cut, Minutes Show
Policymakers at the European Central Bank were keen to explore the option of reducing interest rates in the monetary policy meeting in September as they turned wary of the mixed bag of recent economic data, minutes of the July 17-18 rate-setting session showed Thursday.
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128 days ago
Canadian Dollar Climbs On US Rate Cut Bets
The Canadian dollar advanced against its most major counterparts in the New York session on Thursday, as risk sentiment improved after minutes from the most recent Federal Reserve meeting signalled potential rate cuts amid signs of easing inflation and a rising unemployment rate.
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128 days ago
U.S. Existing Home Sales Jump 1.3% In July, Snapping Four-Month Skid
Existing home sales in the U.S. snapped a four-month skid in July, according to a report released by the National Association of Realtors on Thursday, with sales rebounding by slightly more than expected. NAR said existing home sales shot up by 1.3 percent to an annual rate of 3.95 million in July after plunging by 5.1 percent to a revised rate of 3.90 million in June.
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128 days ago
Starboard Reaffirms Call For 'substantial Change' At Autodesk
Starboard Value LP, a significant shareholder of Autodesk, Inc. (ADSK) on Thursday released a statement regarding recent reports of uncovered internal documents which allegedly show Autodesk executives ignored employees' warnings about controversial sales tactics and intentionally deceived shareholders.
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128 days ago
Unilever Recalls 137K Cases Of Popsicle Jolly Rancher Pops
Consumer good major Unilever U.S. is recalling around 137,000 cases of Popsicle Jolly Rancher Frozen Confection Pop products for single serve offerings in the United States citing the possible presence of undeclared milk, a known allergen, according to the U.S. Food and Drug Administration.
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128 days ago
U.S. Weekly Jobless Claims Rebound Modestly To 232,000
After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous week's revised level of 228,000.
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128 days ago
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