Forex News
U.S. Dollar Lower On Prospects Of Slower Fed Rate Hikes
The U.S. dollar weakened against its major counterparts in the Asian session on Thursday, as investors lowered their expectations over aggressive rate hikes from the U.S. Federal Reserve in the period ahead.
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882 days ago
European Shares Poised For Higher Open
European stocks are likely to open higher on Thursday after Fed Chair Jerome Powell hinted the U.S. central bank could slow the pace or rate hikes.
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882 days ago
European Economics Preview: Germany Flash Inflation Data Due
Flash consumer prices from Germany and economic confidence survey results from the euro area are the major reports due on Thursday. At 2.00 am ET, Statistics Sweden releases flash GDP data and retail sales figures. The economy is forecast to grow 0.7 percent sequentially in the second quarter, reversing the 0.8 percent fall in the first quarter.
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882 days ago
Sensex Soars 535 Points; Nifty At 16,780
Indian shares rose sharply on Thursday, mirroring positive global cues on the back of better-than-expected results from mega-cap tech companies and Fed Chair Jerome Powell's comments that he doesn't believe the U.S. is in a recession.
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882 days ago
Asian Markets Mostly Higher After Powell Comments
Asian stock markets are trading mixed on Thursday, following the broadly positive cues from global markets overnight, as traders reacted to the US Fed's widely anticipated interest rate hike and Fed Chair Jerome Powell's comments that he does not think the U.S. is currently in a recession and added that the central bank will likely slow rate increases at some point.
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882 days ago
Sensex, Nifty Set To Follow Global Peers Higher After Powell Comments
Indian shares may follow global peers higher on Thursday, with tech stocks likely to see further gains after the Nasdaq Composite logged its biggest single-day gain since April 2020 overnight.
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882 days ago
Japanese Market Marginally Higher
The Japanese stock market is marginally higher on Thursday, extending the gains in the previous session, with the Nikkei 225 above the 27,700 level, following the broadly positive cues from global markets overnight, as traders reacted to the US Fed's widely anticipated interest rate hike and comments from Fed Chair Jerome Powell that hinted at a slowdown in the pace of future rate hikes.
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882 days ago
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Indonesia Stock Market Has Firm Lead For Thursday's Trade
The Indonesia stock market has finished higher in two straight sessions, gathering almost 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just beneath the 6,900-point plateau and it's looking at another green light for Thursday's trade.
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882 days ago
Australia Export Prices Jump 10.1% In Q2
Export prices in Australia were up 10.1 percent on quarter in the second quarter of 2022, the Australian Bureau of Statistics said on Thursday - slowing from 18.0 percent in the previous three months.
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882 days ago
Australia Retail Sales Rise 0.2% In June
The value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$34.239 billion.
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882 days ago
Australian Market Significantly Higher
The Australian stock market is significantly higher on Thursday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 below the 6,900 level, following the positive cues from global markets overnight, as traders reacted to US Fed's widely anticipated interest rate hike and comments from Fed Chair Jerome Powell that hinted at a slowdown in the pace of future rate hikes.
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882 days ago
Hang Seng Expected To Bounce Higher Again On Thursday
The Hong Kong stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day losing streak in which it plummeted almost 1,450 points or 7 percent. The Hang Seng Index now sits just above the 20,670-point plateau although it's tipped to rebound again on Thursday.
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883 days ago
Higher Open Predicted For China Stock Market
The China stock market headed south again on Wednesday, one day after halting the three-day losing streak in which it had slumped almost 55 points or 1.7 percent. The Shanghai Composite Index now sits just above the 3,275-point plateau although it may find renewed support on Thursday.
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883 days ago
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