Forex News

Commercial Metals Q3 Results Top Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
RTTNews | 1013 days ago
Pound Mixed Ahead Of BoE Decision

Pound Mixed Ahead Of BoE Decision

The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 25 basis points to 1.25 percent from 1 percent.
RTTNews | 1013 days ago
Swiss Central Bank Hikes Rate For First Time Since 2007

Swiss Central Bank Hikes Rate For First Time Since 2007

The Swiss National Bank on Thursday raised its key interest rate unexpectedly for the first time since 2007, joining its peers in the battle against runaway inflation. The central bank raised the SNB policy rate and the interest rate on sight deposits at the SNB by half a percentage point to -0.25 percent from -0.75 percent.
RTTNews | 1013 days ago
ITT Provides Long-term Financial Targets

ITT Provides Long-term Financial Targets

Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.
RTTNews | 1013 days ago
Sensex, Nifty Nosedive As Recession Worries Mount

Sensex, Nifty Nosedive As Recession Worries Mount

Indian shares reversed course to end sharply lower on Thursday amid concerns that higher U.S. interest rates could lead to more capital outflows from emerging markets, including India.
RTTNews | 1013 days ago
Swiss National Bank's Unexpected Rate Hike Lifts Franc

Swiss National Bank's Unexpected Rate Hike Lifts Franc

The Swiss franc surged against its major counterparts in the European session on Thursday, after the Swiss National Bank raised its key interest rate unexpectedly and signalled more moves in the foreseeable future to counter inflationary pressures.
RTTNews | 1013 days ago
European Shares Retreat On Recession Worries

European Shares Retreat On Recession Worries

European stocks fell sharply on Thursday as fears mounted that the Fed might trigger a recession sometime in the next year with its aggressive rate action.
RTTNews | 1013 days ago
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FTSE 100 Tumbles Ahead Of BoE Rate Decision

FTSE 100 Tumbles Ahead Of BoE Rate Decision

U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
RTTNews | 1013 days ago
Asian Shares Pare Gains To End Mixed

Asian Shares Pare Gains To End Mixed

Asian stocks gave up early gains to end broadly lower on Thursday amid concerns that higher U.S. interest rates could lead to more capital outflows from emerging markets. Investors continued to fret about high the impact of surging inflation on economic growth and corporate earnings.
RTTNews | 1013 days ago
Franc Climbs After SNB Decision

Franc Climbs After SNB Decision

The Swiss National Bank raised its key rate by 50 basis points to -0.25 percent from -0.75 percent. The franc firmed against its major counterparts after the decision.
RTTNews | 1013 days ago
Franc Mixed Ahead Of SNB Decision

Franc Mixed Ahead Of SNB Decision

The Swiss National Bank's monetary policy announcement will be out at 3:30 am ET. Economists widely expect the central bank to maintain policy rate at -0.75 percent.
RTTNews | 1013 days ago
European Shares Seen Higher At Open Post Fed Rate Hike

European Shares Seen Higher At Open Post Fed Rate Hike

European stocks look set to open on a firm note Thursday after Fed Chair Jerome Powell said the Fed has the "tools" and "resolve" to do what it takes to lower inflation from the highest level in more than 40 years.
RTTNews | 1013 days ago

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