Forex News
European Stocks Close Lower As Markets React To Earnings News
European stocks closed lower on Wednesday with investors focusing on quarterly earnings and other corporate news. The mood was cautious and investors largely refrained from picking up stocks ahead of UK autumn budget and the upcoming U.S. Presidential election.
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34 days ago
U.S. Dollar Advances As Treasury Yields Rally
The U.S. dollar climbed against its most major counterparts in the New York session on Wednesday, as treasury yields continued to climb on prospects for a slower pace of Federal Reserve rate cuts and concerns about fiscal deficit.
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34 days ago
Energy, Materials Stocks Dragging Down Canadian Market; BoC Cuts Rate By 50 Bps
Despite the Bank of Canada's big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on Wednesday after a weak start, with stocks from energy and materials sectors reeling under selling pressure due to declining commodity prices.
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34 days ago
U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September
A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate of 3.88 million in August.
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34 days ago
Bank Of Canada Slashes Interest Rates By 50 Basis Points
Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent and the deposit rate at 3.75 percent.
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34 days ago
Decline In U.S. Mortgage Applications Slows: MBA
The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage loan application volume, fell 6.7 percent from the previous week.
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34 days ago
Bay Street Seen Opening Weak; BoC Rate Decision In Focus
Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central bank's interest rate decision due after the opening bell.
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34 days ago
more news
UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey
Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent.
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34 days ago
Sensex, Nifty Give Up Early Gains
Indian shares gave up early gains to end marginally lower on Wednesday.
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34 days ago
Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips
German banking major Deutsche Bank AG reported Wednesday higher profit in its third quarter, driven by partial release of Postbank litigation provisions, lower expenses, as well as improved revenues. The company also said it is on track to achieve its annual revenue target, as well as 2025 goals. Meanwhile, Deutsche Bank shares were losing around 3 percent in the morning trading in Germany...
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34 days ago
European Shares Subdued On Inflation Woes
European stocks were slightly lower on Wednesday as investors digested mixed earnings results and braced for the upcoming U.K. autumn budget.
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34 days ago
FTSE 100 Declines As Investors Look Ahead To Budget
U.K. stocks drifted lower on Wednesday as investors braced for the upcoming autumn budget and the U.S. Presidential election scheduled for November 5.
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34 days ago
CAC 40 Declines On China Concerns
French stocks traded lower on Wednesday due to concerns about slowing Chinese growth and the widening U.S. fiscal deficit.
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34 days ago
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