Forex News
Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%
While reporting financial results for the fourth quarter on Thursday, professional services company Accenture plc (ACN) initiated earnings and revenue growth outlook for the full-year 2023, and also provided revenue outlook for the first quarter.
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846 days ago
Sensex, Nifty End Lower Amid Fed Worries, Weekly F&O Expiry
Indian shares closed lower on Thursday, extending losses for a second day running amid weak global cues and the expiry of weekly F&O contracts.
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846 days ago
Swiss Central Bank Ends Negative Policy Rate
The Swiss National Bank raised its key policy rate for the second straight meeting on Thursday, ending an era of negative rates to tame inflation that stays near a three-decade high. The central bank hiked the SNB policy rate by 0.75 percentage points to 0.5 percent, as expected. The second consecutive rate hike took the interest rate to the positive zone for the first time since early 2015.
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846 days ago
European Shares Decline On Interest-rate Concerns
European stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, as widely expected, to tackle surging inflation.
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846 days ago
Swiss Franc Drops Despite SNB Rate Hike
The Swiss franc fell against its major counterparts in the European session on Thursday, after the Swiss National Bank hiked its policy rate by 75 basis points, as anticipated.
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846 days ago
FTSE Edges Lower Ahead Of BoE Rate Decision
U.K. stocks edged lower on Thursday as investors digested the Fed's hawkish comments and looked ahead to the BoE rate decision later in the day for directional cues.
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846 days ago
CAC 40 Slips On Rate Hike Worries
French stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, adding to worries of a global economic slowdown.
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846 days ago
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DAX Slips On Hawkish Fed
German stocks slipped into the red on Thursday after Fed forecasts showed the U.S. central bank sees its benchmark interest rate reaching 4.4 percent by end-2022 and rising even further in 2023.
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846 days ago
Asian Shares Slide On Fed Vow To Quell Inflation
Asian stocks declined on Thursday after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest-rate hikes to curb rampant inflation reaching a 40-year high.
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846 days ago
Franc Weakens After SNB Decision
As expected, the Swiss National Bank raised its policy rate by 75 basis points to 0.50 percent from -0.25 percent. The franc fell against its major counterparts after the decision.
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846 days ago
Franc Rises Ahead Of SNB Decision
The Swiss National Bank's monetary policy announcement is due at 3:30 am ET Thursday. The SNB is widely expected to raise its policy rate by 75 basis points to 0.50 percent from -0.25 percent.
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846 days ago
Indian Rupee Falls To Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in morning deals on Thursday, as a third straight 75 basis point rate hike from the U.S. Federal Reserve lifted the latter.
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846 days ago
European Shares Poised For Sharp Sell-off As Recession Fears Mount
European stocks look set to open deep in the red on Thursday after Federal Reserve officials raised rates by 75 basis points for the third consecutive meting and signaled even more aggressive hikes than investors had envisioned in the months ahead to cool stubbornly high inflation.
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846 days ago
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