Forex News
Eurozone Consumer Confidence Highest In Over A Year
Euro area consumer sentiment strengthened for the fifth month in a row to its highest level in over a year, preliminary data from the European Commission showed Monday. The flash consumer confidence index for Eurozone climbed to -19.0 from -20.9 in January. That was in line with economists' expectations.
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729 days ago
Bundesbank Expects German Economy To Pick Up Gradually
Germany's economy is set to fall again in the first quarter of this year but there would be a gradual pick up going forward, Bundesbank said in its monthly report on Monday. The central bank said economic output is set to fall again in the first quarter. However, a gas shortage is no longer expected and the electricity and gas price brakes are reducing energy costs.
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729 days ago
Australian Dollar Advances On China Optimism
The Australian dollar climbed against its major counterparts in the European session on Monday, as optimism over China's economic recovery lifted risk sentiment.
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729 days ago
Sensex, Nifty Decline As Investors Eye Fed Minutes
Indian shares gave up early gains to end lower on Monday as investors awaited the release of FOMC meeting minutes this week for further clarity on the U.S. rate outlook.
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729 days ago
Sweden Inflation Slows On Electricity Prices
Sweden's consumer price inflation slowed slightly more than expected in January on electricity prices, official data revealed Monday. Consumer price inflation slowed to 11.7 percent in January from 12.3 percent in December, Statistics Sweden reported. This was slightly slower than economists' forecast of 11.8 percent.
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729 days ago
European Shares Inch Higher On China Optimism
European stocks edged higher in cautious trade on Monday despite hawkish signals from Fed and ECB officials.
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729 days ago
Asian Shares Broadly Higher As China Leaves Rates Unchanged
Asian stocks ended broadly higher on Monday despite hawkish comments from ECB and Fed officials and rising geopolitical tensions after North Korea launched two ballistic missiles into waters off the east coast of the Korean Peninsula early in the day.
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729 days ago
more news
European Economic News Preview: Bundesbank Monthly Report Due
A monthly report from Germany's central bank is the only major data due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden is scheduled to issue consumer prices for January. Consumer price inflation is forecast to ease to 11.8 percent from 12.3 percent in December.
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729 days ago
China Keeps Key Lending Rates Unchanged
China left its benchmark lending rates unchanged on Monday, as widely expected, despite the economy struggling to gain traction. The People's Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.30 percent.
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729 days ago
European Shares Set For Steady Start
European stocks may open a tad higher on Monday, though trading volumes are likely to remain thin due to Presidents' Day holiday in the U.S.
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730 days ago
Sensex, Nifty Marginally Higher In Cautious Trade
Indian shares traded on a flat note Monday amid expectations that U.S. interest rates have not yet peaked and will remain elevated for a long period.
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730 days ago
Sensex, Nifty Seen Opening On Flat Note
Indian shares are seen opening on a flat note Monday, reflecting ongoing concerns about the outlook for U.S. interest rates.
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730 days ago
Thai Stock Market May Take Further Damage On Monday
The Thai stock market headed south again on Friday, one session after snapping the two-day slide in which it had dropped almost 20 points or 1.2 percent. The Stock Exchange of Thailand now rests just above the 1,650-point plateau and the losses may accelerate on Monday.
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730 days ago
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