Forex News
Japanese Market Significantly Higher
Reversing the losses in the previous session, the Japanese market is significantly higher on Thursday, following the broadly positive cues from global markets overnight. The Nikkei 225 is moving a tad above the 38,400 level, with gains in exporters, technology and financial stocks.
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128 days ago
Australian Market Modestly Higher
The Australian market is modestly higher on Thursday, adding to the gains in the previous nine sessions, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is staying above the 8,000 mark, with gains across most sectors led by miners, technology and energy stocks.
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128 days ago
TSX Posts Fresh Record Closing High
The Canadian market posted a fresh record closing high on Wednesday, lifted by gains in materials and technology stocks, as optimism about U.S. interest rate cut aided sentiment.
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128 days ago
Dollar Extends Losses Against Major Counterparts
The U.S. dollar drifted lower on Wednesday, extending recent declines, as minutes from the Federal Reserve's latest monetary policy meeting and revised data from the Bureau of Labor Statistics showed job growth in the U.S. was weaker than previously reported in the year to March 2024 indicated an interest rate cut by the Fed next month.
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128 days ago
U.S. Dollar Extends Decline After Fed Minutes, Payroll Revisions
The U.S. dollar extended decline against its major counterparts in the New York session on Wednesday, as the minutes from the Federal Reserve's July meeting reinforced expectations for a rate cut in September.
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128 days ago
Oil Futures Settle Sharply Lower
Despite data showing a big drop in U.S. crude inventories in the week ended August 16th, oil prices fell to a seven-month low on Wednesday amid concerns about the outlook for demand.
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128 days ago
Canadian Stocks Modestly Higher In Cautious Trade
Canadian stocks are turning in a mixed performance on Wednesday with investors largely refraining from making significant moves, choosing to wait for more data to gauge the economic situation in the U.S. after data released by the Bureau of Labor Statistics showed job growth in the U.S. was weaker than previously reported in the twelve months ended March 2024.
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128 days ago
more news
Vast Majority Of Fed Meeting Participants See Rate Cut As 'Likely' Next Month
With recent economic data increasing confidence the Federal Reserve will lower interest rates next month, the minutes of the central bank's latest monetary policy meeting seemingly provided additional support for that sentiment.
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128 days ago
Swiss Market Ends Marginally Down For 2nd Straight Day
The Switzerland market ended marginally down on Wednesday after spending much of the day's session in negative territory, as investors largely refrained from making significant moves, choosing to wait for more clarity about the quantum of interest rate cut by the Federal Reserve.
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128 days ago
European Stocks Close Higher On Fed Rate Cut Hopes
European stocks closed broadly higher on Wednesday, thanks largely to gains in the mining sector. The undertone remained firm amid continued optimism about an interest rate cut by the Federal Reserve next month.
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128 days ago
Pound Climbs Ahead Of Fed Minutes
The pound advanced against its major counterparts in the New York session on Wednesday, ahead of the release of the Federal Reserve's July meeting minutes that could provide greater clarity on monetary policy easing.
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128 days ago
U.S. Added 818,000 Fewer Jobs Than Previously Reported, BLS Says
Revised data released by the Bureau of Labor Statistics on Wednesday showed job growth in the U.S. was weaker than previously reported in the twelve months ended March 2024. The BLS said the U.S. economy added 818,000 fewer jobs from March 2023 to March 2024 than initially reported, reflecting 0.5 percent weaker job growth.
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128 days ago
Target, TJX, Macy's Q2 Earnings Top Estimates
Retailers Target, TJX and Macy's reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX raised its earnings guidance for the full year, while Macy's maintained its earnings outlook.
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128 days ago
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