European Economic News Preview: Eurozone Final Factory PMI Data Due

Asian Shares Mixed As Traders Pare Rate Cut Bets

Asian stocks turned in a mixed performance on Friday as Federal Reserve Chair Jerome Powell's remarks poured cold water on rate cut optimism and mixed economic data highlighted China's uneven economic recovery.

RTTNews | 5h 0min ago

UK Economy Logs Meager Growth In Q3

In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weaker growth in services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2 percent.

RTTNews | 5h 10min ago

Yen Falls As Japan GDP Growth Slows In Q3

The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.

RTTNews | 6h 11min ago

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.

RTTNews | 6h 39min ago

European Economic News Preview: UK GDP Data Due

Quarterly national accounts from the UK and final inflation from France and Italy are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK GDP data for the third quarter and industrial output and foreign trade figures for September. The economy is forecast to grow 0.2 percent sequentially after rising 0.5 percent in se

RTTNews | 7h 20min ago

FDA Approves PTC's Kebilidi As First Gene Therapy To Treat AADC Deficiency

The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.'s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday.

RTTNews | 7h 52min ago

European Shares Set To Drift Lower After Powell Comments

European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures.

RTTNews | 7h 58min ago

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation pressures. Asian markets ended mixed on Thursday.

RTTNews | 10h 8min ago

EURUSD	1.05672	GBPUSD	1.26623	AUDUSD	0.64657
USDJPY	155.517	USDCAD	1.40545	USDCHF	0.88725