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Forex News
DAX Drops As Markets Brace For The Fed's Review
The German stock market benchmark DAX dropped more than half a percent amidst fears over the outcome of the Fed's interest rate review later in the day.
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867 days ago
Eurozone Industrial Production Falls On Weak Demand
Eurozone industrial production declined for the first time in three months in October with almost all sectors contracting as economic uncertainty and higher producer prices took a toll on demand. After rising for two straight months, industrial output dropped 2.0 percent from September, Eurostat, the statistical office of the European Union reported on Wednesday.
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867 days ago
Sensex, Nifty Close Modestly Higher Ahead Of Fed Policy Announcement
Indian benchmark indices Sensex and the Nifty closed higher on Wednesday, extending gains from the previous session, after data from the U.S. Labor Department showed a smaller than expected increase in consumer prices in the world's largest economy in November.
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867 days ago
Australian Dollar Climbs On Soft U.S. Inflation Data Before Fed Decision
The Australian dollar advanced against its major counterparts in the European session on Tuesday, as softer-than-expected U.S. inflation data bolstered expectations that the Federal Reserve will scale back the size of its interest rate increases at today's monetary policy decision.
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867 days ago
Ford Ramps Up F-150 Lightning Production By Adding A Third Shift
Amid surging demand, Ford Motor Co. is boosting the production of electric F-150 Lightning pickup truck with the addition of a third production shift to its Rouge Electric Vehicle Center in Michigan. The automaker said it is now the No. 2 EV brand in the U.S. year-to-date with the success of Lightning.
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867 days ago
Asian Stocks End Trading On A Positive Note
Euphoria surrounding the lower-than-expected inflation readings in the U.S. helped most of the Asian benchmarks to finish Wednesday's trading on a positive note. However, caution ahead of key central bank decisions on interest rates and China's covid caseloads kept the gains in check.
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867 days ago
New Zealand To Enter Recession In 2023; Budget On Track To Achieve Surplus
The New Zealand economy is likely to enter a recession next year before a slow and gradual recovery in 2024, but the government accounts are on the course to return to surplus by the end of fiscal year 2025, the official estimates revealed on Wednesday.
Despite the worsening economic outlook, tax revenue is projected to be higher than the previous estimate and the budget is expected to move from
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867 days ago
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ADB Cuts Developing Asia Growth Outlook Again, Lowers China Forecast On Zero Covid Policy
The Asian Development Bank lowered the economic growth forecast for the developing Asia and the Pacific further citing the global slowdown, but raised the inflation outlook for next year due to persistent inflationary pressures from food and energy. The lender also said the Chinese economy is likely to grow slower than projected earlier due to the 'zero-Covid' approach and a weak property market.
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867 days ago
European Stocks Brace For A Cautious Opening On Wednesday
European stock markets are likely to open cautious on Wednesday amidst a more-than-expected decline in headline inflation in the U.S. and impending central bank decisions. The euphoria over declining inflation is however expected to be mellowed by the anxiety ahead of the interest rate decisions due on Wednesday by the Fed and on Thursday by Bank of England and European Central Bank.
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867 days ago
European Economics News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and industrial production from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics publishes UK consumer and factory gate prices for November. Annual inflation is seen easing to 10.9 percent from a 41-year high of 11.1 percent in October. This is well above the central bank's 2 percent target.
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868 days ago
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, as data showing a tamer-than-expected increase in U.S. consumer prices helped ease concerns about the outlook for interest rates ahead of the US Fed's rate decision later in the day. Asian Markets closed mostly higher on Tuesday.
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868 days ago
Thai Stock Market May Add To Its Winnings On Wednesday
The Thai stock market has moved higher in back-to-back sessions, gathering more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,625-point plateau and it may extend its gains on Wednesday.
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868 days ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Wednesday, giving up some of the gains in the previous session, with the Nikkei 225 moving above the 28,100 level, following the broadly positive cues from global markets overnight, as traders reacted to domestic data that showed machinery orders from Japanese firms exceeding forecasts in October.
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868 days ago
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