Forex News
U.S. Dollar Weakens As Soft Data Lifts Rate Cut Hopes
The U.S. dollar moved down against its major counterparts in the New York session on Wednesday, amid growing hopes of a rate cut by the Federal Reserve in September following the release of weak labour market data and ISM services PMI.
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120 days ago
Swiss Market Ends Marginally Higher
After a positive start and a subsequent drop to lower levels, the Switzerland market stayed subdued till a little before noon on Wednesday, but climbed higher subsequently, and despite paring gains as the day progressed, ended the session slightly up.
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120 days ago
European Stocks Close On Firm Note On Rate Cut Hopes
European stocks closed higher on Wednesday, with investors building up some positions ahead of elections in the U.K., and France, scheduled to take place on Thursday and Sunday, respectively.
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120 days ago
U.S. Factory Orders Unexpectedly Decrease 0.5% In May
The Commerce Department released a report on Wednesday showing an unexpected decrease by new orders for U.S. manufacturing goods in the month of May. The report said factory orders fell by 0.5 percent in May after rising by a downwardly revised 0.4 percent in April. Economists had expected factory orders to inch up by 0.2 percent.
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120 days ago
U.S. Service Sector Activity Unexpectedly Contracts In June
A report released by the Institute for Supply Management on Wednesday showed an unexpected contraction by U.S. service sector activity in the month of June. The ISM said its services PMI slid to 48.8 in June from 53.8 in May, with a reading below 50 indicating contraction. Economists had expected the index to edge down to 52.5.
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120 days ago
U.S. Trade Deficit Widens In May As Exports Fall More Than Imports
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened less than expected in the month of May. The Commerce Department said the trade deficit rose to $75.1 billion in May from a revised $74.5 billion in April. Economists had expected the trade deficit to increase to $76.2 billion from the $74.6 billion originally reported for the previous month.
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120 days ago
U.S. Jobless Claims Rise Slightly More Than Expected To 238,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended June 29th. The report said initial jobless claims rose to 238,000, an increase of 4,000 from the previous week's revised level of 234,000.
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120 days ago
more news
U.S. Private Sector Employment Climbs By 150,000 Jobs In June, Less Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase by 160,000 jobs.
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120 days ago
Quest Diagnostics To Acquire LifeLabs From OMERS In About $985 Mln Deal
Quest Diagnostics (DGX), a provider of diagnostic information services, announced Wednesday a definitive agreement to acquire LifeLabs, a provider of community laboratory tests for millions of Canadians, from OMERS for a value of approximately C$1.35 billion (approximately $985 million), including net debt.
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120 days ago
U.S. Trade Deficit Widens Less Than Expected In May
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened less than expected in the month of May.
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120 days ago
U.S. Weekly Jobless Claims Rise Slightly More Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended June 29th.
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120 days ago
U.S. Private Sector Employment Climbs Less Than Expected In June
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June.
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121 days ago
Eurozone Private Sector Growth Cools To 3-Month Low
Euro area private sector expanded at the end of the second quarter but the growth lost momentum due to the softening demand and weaker sales, final results of the HCOB Purchasing Managers' survey, compiled by S&P Global, showed on Wednesday. The composite output index registered 50.9 in June, down from 52.2 in the previous month. The score was slightly above the flash score of 50.8.
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121 days ago
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