Forex News
CAC 40 Edges Lower As Banks Fall On Disappointing Earnings
French stocks declined on Thursday, with banks and automakers retreating on disappointing earnings.
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145 days ago
DAX Declines As Automakers Drag
German stocks fell sharply on Thursday as automotive companies posted disappointing earnings results and a survey showed the downturn in Germany's manufacturing sector accelerated in July.
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145 days ago
Asian Shares Mixed As Yen Surges, China Data Disappoints
Asian stocks turned in a mixed performance on Thursday as the U.S. dollar sank against the yen and a private survey showed China's factory activity shrank for the first time in nine months in July.
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145 days ago
UK House Prices Rise For Third Month: Nationwide
UK house prices increased for the third straight month in July, suggesting stabilization in the housing market, data from Nationwide Building Society showed on Thursday. House prices posted a monthly growth of 0.3 percent after rising 0.2 percent in June. This was the third consecutive increase and faster than forecast of 0.1 percent.
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145 days ago
Pound Slides Amid BoE Rate Cut Speculation
The British pound weakened against other major currencies in the pre-European session on Thursday, as traders speculate that the Bank of England is likely to lower its interest rate from a 16-year high at the monetary policy meeting today.
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145 days ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the pre-European session on Thursday.
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145 days ago
European Economic News Preview: BoE Likely To Cut Rates
The Bank of England is likely to lower its interest rate from a 16-year high on Thursday but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by 25 basis points to 5.00 percent. This would be the first reduction since the onset of the pandemic. However, markets are divided over the chance of a rate cut today.
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145 days ago
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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145 days ago
European Shares Seen Broadly Higher; BOE Meeting Eyed
European stocks are seen opening broadly higher on Thursday after the U.S. Federal Reserve hinted at a September rate cut and Facebook parent Meta gave Platforms reported good results for the June quarter and gave an upbeat outlook for Q3, driven by robust digital ad spending on Facebook and Instagram.
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145 days ago
China Manufacturing Sector Logs Unexpected Contraction
China's manufacturing sector fell into the contraction zone in July on renewed decline in new work and weak output growth, survey data from S&P Global showed on Thursday. The Caixin manufacturing Purchasing Managers' Index fell to 49.8 in July from 51.8 in June. The reading was expected to drop moderately to 51.5.
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145 days ago
Sensex, Nifty Modestly Higher In Early Trade
Indian shares opened on a positive note Thursday as investors cheered Fed Chair Jerome Powell's dovish remarks on interest-rate cuts.
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145 days ago
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, reflecting optimism about an interest rate cut by the US Fed in September after the Fed's monetary policy announcement where the Fed left interest rates unchanged, as expected, but the accompanying statement hinted at future rate cuts.
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145 days ago
Sensex, Nifty To Follow Global Peers Higher As Fed Signals Rate Cut
Indian shares look set to open higher on Thursday, tracking upbeat cues from global markets after the U.S. Federal Reserve provided clear signals for a possible interest rate cut that investors much hoped for.
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145 days ago
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