Forex News
German Economic Sentiment Strengthens On Favourable Energy Markets
Germany's economic sentiment turned positive in January for the first time in nearly a year, underpinned by more favorable energy market conditions, government energy price caps, and a better export situation as a result of China's current measures to lift Covid pandemic restrictions, survey results from ZEW research institute showed on Tuesday.
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752 days ago
Goldman Sachs Q4 Profit Plunges 69%, Misses Estimates
Goldman Sachs Group Inc. reported Tuesday that profit for the fourth quarter plunged 69 percent from last year, reflecting higher provisions for bad loans, 16 percent drop in net revenues and 11 percent higher operating expenses. Both earnings and quarterly revenues missed analysts' expectations.
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752 days ago
Bay Street Likely To Open Mixed; Inflation Data In Focus
Canadian shares look headed for a mixed start on Tuesday if commodity prices are any indication. Crude oil prices are climbing higher, while bullion prices are weak.
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752 days ago
Calyxt And Cibus To Merge In All-stock Deal
Calyxt, Inc. (CLXT), a plant-based synthetic biology company, and Cibus, a leader in precision gene editing in agriculture, announced Tuesday that both companies have entered into a definitive merger agreement under which Calyxt and Cibus will merge in an all-stock transaction.
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752 days ago
Pound Climbs As U.K. Wage Growth Beats Forecasts
The pound advanced against its major counterparts in the European session on Tuesday, as investors cheered U.K. employment data showing a faster than expected wage growth in November.
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752 days ago
UK Jobless Rate Remains Unchanged, Wage Pressures Rise Further
The UK unemployment rate remained unchanged in the three months to November and wage pressures intensified despite the economy heading into a recession. Data from the Office for National Statistics showed that the ILO jobless rate held steady at 3.7 percent in the three months to November, as expected.
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752 days ago
Singapore Exports Slump 20.6% On Weaker Demand
Singapore's non-oil exports declined for the third straight month in December, and at a faster-than-expected pace, amid sharp falls in both shipments of electronic and non-electronic goods, data from Enterprise Singapore showed on Tuesday.
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752 days ago
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Sensex, Nifty See Late-session Rally
Indian shares posted strong gains on Tuesday despite mixed global cues and weakness in rupee as the dollar rebounded overseas on growth worries.
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752 days ago
European Shares Decline On Growth Worries
European stocks fell in cautious trade on Tuesday, as investors digested weak GDP data from China and awaited earnings reports from Goldman Sachs and Morgan Stanley later in the day that will provide guidance about the health of the world's largest economy.
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752 days ago
FTSE 100 Subdued In Cautious Trade
U.K. stocks were slightly lower on Tuesday as weak China data raised concerns about the global economic outlook.
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752 days ago
CAC 40 Declines On China Growth Concerns
French stocks declined on Tuesday, as investors digested weak GDP data from China and looked forward to earnings from Goldman Sachs and Morgan Stanley due later in the day for directional cues.
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752 days ago
Australia Consumer Confidence Logs Biggest Monthly Rise In 21 Months
Australia's consumer confidence improved for the second straight month in January to mark its biggest monthly rise since April 2021, as consumers got a temporary boost due to an interval from the Reserve Bank's rate hikes, although the overall economic picture is still gloomy, survey results from Westpac showed on Tuesday.
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752 days ago
DAX Slips As Growth Worries Resurface
German stocks slipped on Tuesday as weak Chinese GDP data rekindled worries about slowing global growth.
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752 days ago
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