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CAC 40 Slides On Weak Data

CAC 40 Slides On Weak Data

French stocks declined on Thursday after Federal Reserve Chair Jerome Powell said a soft landing for the economy is going to be very challenging and a recession is possible.
RTTNews | 915 일 전
DAX Falls On Growth Worries

DAX Falls On Growth Worries

German stocks fell sharply on Thursday as Federal Reserve chair Jerome Powell acknowledged the possibility of a recession and data showed German manufacturers saw business activity slump to its lowest level in 23 months in June.
RTTNews | 915 일 전
Asian Shares Mixed As Growth Worries Weigh

Asian Shares Mixed As Growth Worries Weigh

Asian stocks ended mixed on Thursday after Federal Reserve Chair Jerome Powell said he believed the U.S. economy is strong enough to handle coming interest-rate hikes, but acknowledged that a recession could happen.
RTTNews | 915 일 전
Philippine Central Bank Raises Rates By 25 Bps

Philippine Central Bank Raises Rates By 25 Bps

The Philippine central bank hiked its key interest rates again by 25 basis points, as widely expected, and signaled further tightening as inflation is set to remain above the target in the near-term. The Monetary Board the Bangko Sentral Ng Pilipinas decided to raise the key interest rate, which is the overnight reverse repurchase facility rate, by 25 basis points to 2.50 percent, effective Jun
RTTNews | 915 일 전
Australian, NZ Dollars Fall As Recession Fears Grow

Australian, NZ Dollars Fall As Recession Fears Grow

The Australian and NZ dollars dropped against their major counterparts in the Asian session on Thursday, as risk sentiment deteriorated after Federal Reserve Chair Jerome Powell acknowledged that the central bank's attempts to bring down inflation with aggressive rate hikes could fuel a recession.
RTTNews | 915 일 전
UK Budget Deficit Exceeds Official Estimate

UK Budget Deficit Exceeds Official Estimate

The UK budget deficit exceeded the official estimate in May as higher inflation pushed up interest payments on government debt, the Office for National Statistics said Thursday. Public sector net borrowing, excluding public sector banks, declined GBP 4.0 billion from the previous year to GBP 14.0 billion in May. Economists had forecast the deficit to fall to GBP 12 billion.
RTTNews | 915 일 전
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European Economics Preview: Eurozone Flash PMI Data Due

European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey results from eurozone and the UK are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for May. The budget deficit is expected to narrow to GBP 13.2 billion from GBP 17.8 billion in April.
RTTNews | 915 일 전
European Shares Set To Drift Lower As Recession Fears Take Hold

European Shares Set To Drift Lower As Recession Fears Take Hold

European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.
RTTNews | 915 일 전
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, despite the broadly negative cues overnight from the global markets, as traders are slightly relived after US Federal Reserve Chair Jerome Powell said the central bank is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control, even at the risk of an economic slowdown.
RTTNews | 915 일 전
Sensex, Nifty Set To Open On Steady Note

Sensex, Nifty Set To Open On Steady Note

Indian shares are likely to open higher on Thursday after Wall Street's main indexes ended little changed overnight. As recession worries mount, the recent decline in oil price may help ease inflation worries on the domestic front.
RTTNews | 915 일 전
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Thursday after being in the green in most of the morning session, extending the losses in the previous session, with the Nikkei 225 staying above the 26,100 level, following the broadly negative cues overnight from the global markets, amid worries persistent inflation and interest rate hikes could push towards a recession.
RTTNews | 915 일 전

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