Forex News
U.S. New Home Sales Spike To Highest Level In Over A Year In July
A report released by the Commerce Department on Friday showed a substantial increase by new home sales in the U.S. in the month of July. The Commerce Department said new home sales spiked by 10.6 percent to an annual rate of 739,000 in July after rising by 0.3 percent to an upwardly revised rate of 668,000 in June.
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62 days ago
Powell Hints At Near-Term Interest Rate Cut: 'The Time Has Come For Policy To Adjust'
In a highly anticipated speech at the Jackson Hole Economic Symposium in Wyoming on Friday, Federal Reserve Chair Jerome Powell seemingly confirmed expectations that the central bank is prepared to begin lowering interest rates. "The time has come for policy to adjust," Powell said.
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62 days ago
Nestle CEO Mark Schneider Resigns; Names Laurent Freixe CEO
Swiss food and beverage giant Nestle SA, which is struggling with weak financial performance, announced the resignation of Chief Executive Officer Mark Schneider, and the appointment of Laurent Freixe as the successor, effective September 1. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after more than 8 years with the company.
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62 days ago
Pound Rises As Traders Await Fed Powell, BoE Bailey Speeches
The British pound strengthened against other major currencies in the European session on Friday, as trader's braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. The Bank of England governor Andrew Bailey is also scheduled to speak at the symposium.
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62 days ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Friday.
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62 days ago
Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech
Indian shares fluctuated before finishing on a flat note Friday as investors awaited Federal Reserve Chair Jerome Powell's eagerly anticipated Jackson Hole speech later in the day that could offer fresh insights on the central bank's interest rate cuts plans this year.
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62 days ago
European Shares Extend Gains For Third Day
European stocks traded higher for a third straight session on Friday as investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September.
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62 days ago
more news
UK Consumer Confidence Remains Unchanged Near 3-Year High: GfK
British consumer confidence remained unchanged near a three-year high in August on improving personal finance conditions, survey results from the market research group GfK showed Friday. The consumer confidence index held steady at -13 in August. The reading was the highest since September 2021. The score was forecast to improve to -12.
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62 days ago
FTSE 100 Edges Higher As Investors Await Cues On Rate Cuts
U.K. stocks advanced on Friday as higher oil prices lifted energy stocks and investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day.
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62 days ago
CAC 40 Inches Higher In Cautious Trade
French stocks edged higher in cautious trade Friday as investors awaited Fed Chair Jerome Powell's Jackson Hole speech later in the day for additional clues about an expected interest-rate cut by the U.S. central bank at its upcoming policy meeting in September.
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62 days ago
DAX Gains Ahead Of Powell's Speech
German stocks rose modestly on Friday as investors awaited Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September.
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62 days ago
FDA Approves Updated Pfizer, Moderna Covid Vaccines Against Current Variants
The U.S. Food and Drug Administration approved and granted emergency use authorization or EUA for updated Covid vaccines from Pfizer Inc. and ModernaTX Inc. for use against currently circulating variants. The approval for the updated mRNA COVID-19 vaccines (2024-2025 formula) comes as the Covid cases are surging in the United States.
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62 days ago
Asian Shares Mixed In Muted Trading Before Powell's Speech
Asian shares ended mixed in muted trading Friday as investors awaited Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September.
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62 days ago
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