Forex News
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning, tracking commodity prices. The focus will also be on some key earnings updates from major U.S. companies. Optimism about more interest rate cuts by central banks, including the Federal Reserve and the Bank of Canada may help underpin sentiment.
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92 days ago
Sensex, Nifty End Modestly Lower On Weak Global Cues
Indian shares closed lower on Wednesday, with continued foreign fund outflows, reduced bets on larger Fed rate cuts and disappointing earnings updates from the likes of LVMH and ASML Holding weighing on markets.
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92 days ago
Pound Slides As U.K. Inflation Hits Three-year Low
The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting.
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92 days ago
European Shares Mostly Lower As Earnings Disappoint
European stocks were broadly lower on Wednesday as investors digested a slew of disappointing earnings updates and awaited a European Central Bank policy meeting on Thursday for directional cues.
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92 days ago
FTSE 100 Gains As Inflation Hits Three-year Low
U.K. stocks advanced on Wednesday after official data showed U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting.
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92 days ago
CAC 40 Slides On Earnings
French stocks traded lower on Wednesday, with weak earnings and caution ahead of a European Central Bank (ECB) policy meeting on Thursday denting investor sentiment.
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92 days ago
DAX Drifts Lower Ahead Of ECB Rate Decision
German stocks were moving lower on Wednesday and the euro was down for a third day in a row as investors await Thursday's ECB meeting for directional cues.
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92 days ago
more news
Philippine Central Bank Lowers Key Rates By 25 Bps
The Philippine central bank reduced its benchmark rates by 25 basis points for the second straight meeting on Wednesday, as inflation remained low. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 6.00 percent from 6.25 percent. The interest rates on the overnight deposit and lending facilities were accordingly adjusted.
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92 days ago
Asian Shares Decline Amid Tech Selloff
Asian stocks fell broadly on Wednesday due to lingering Middle East tensions, shifting U.S. rate cut expectations and reports suggesting that the U.S. is mulling a cap on export licenses for AI chips to specific countries.
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92 days ago
Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO
Horizon Robotics, a Chinese developer of artificial intelligence chips used in autonomous driving systems, is seeking to raise as much as HK$5.4 billion or around $696 million in its Hong Kong initial public offering. According to its listing document, Chinese majors Alibaba Group Holding Ltd. and Baidu Inc. are investing in the IPO of the firm, which is backed by tech major Intel Corp.
RTTNews
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92 days ago
UK Inflation Falls Below 2% Target
UK inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting. Consumer price inflation weakened more-than-expected to 1.7 percent in September from 2.2 percent in August, the Office for National Statistics reported Wednesday.
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92 days ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the pre-European session on Wednesday.
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92 days ago
European Shares Likely To Drift Lower With Earnings In Focus
European stocks may drift lower at open on Wednesday as the focus now turns to upcoming earnings from TSMC and Morgan Stanley.
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92 days ago
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