Forex News
European Shares Slump As Global Rout Deepens
European stocks tumbled on Monday to extend losses from the previous session amid fears the U.S. economy may be heading for a recession.
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142 days ago
FTSE 100 Declines On US Recession Worries
U.K. stocks fell sharply on Monday as discouraging U.S. labor market data sparked worries of a recession.
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142 days ago
CAC 40 Tumbles Amid Middle East Tensions
French stocks traded sharply lower on Monday amid fears of a possible U.S. recession and concerns over an escalating Middle East conflict, with reports suggesting the Benjamin Netanyahu-led government could sanction a pre-emptive strike on Iran to prevent an attack on Israeli soil.
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142 days ago
DAX Extends Losses On Economic Worries
German stocks fell sharply on Monday to extend losses from the previous session as a global stock market rout intensified on concerns that a U.S. recession might be imminent.
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142 days ago
Infineon Q3 Results Drop, Cuts FY24 Revenue Outlook, To Cut Jobs; Stock Up
German semiconductor maker Infineon Technologies AG on Monday trimmed its fiscal 2024 revenue outlook and maintained margin view after reporting lower profit and revenues in its third quarter amid weak environment. The company further issued sequentially higher revenue and margin outlook for its fourth quarter...
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142 days ago
Asian Shares Plummet On US Recession Concerns
Asian shares plummeted on Monday amid fears of a possible U.S. recession and concerns over an escalating Middle East conflict.
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142 days ago
Commodity Currencies Slides Amid Risk Aversion
The Commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday amid risk aversion, as traders react to weak U.S. monthly jobs data and recent weak data on U.S. manufacturing activity that stocked fears the world's largest economy could slip into a recession after the U.S. Fed seems to have waited too long to cut interest rates. Markets in Japan, South Korea and Taiwan are plunging more than 5 percent.
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142 days ago
more news
Indonesia GDP Expands 5.05% In Q2
Indonesia's economy grew slightly above 5.0 percent in the second quarter as the deceleration in government spending growth was offset by household consumption and investment. Gross domestic product grew 5.05 percent on a yearly basis compared to 5.11 percent in the prior quarter, data released by Statistics Indonesia showed Monday. Economists had forecast the economy to grow 5.0 percent.
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142 days ago
European Shares Set To Open Sharply Lower On Waning Risk Appetite
European stocks are poised for steep losses on Monday as worries over a possible U.S. recession as well as heightened tensions in the Middle East sapped investors' appetite for risk.
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142 days ago
European Economic News Preview: Eurozone Investor Confidence, Final PMI Data Due
Sentix investor confidence and final composite Purchasing Managers' survey results from the euro area are due on Monday, headlining a busy day for the European economic news. At 3.00 am ET, Spain's statistical office INE releases industrial production for June. Production had advanced 0.4 percent in May. At 3.15 am ET, services PMI survey results are due from Spain.
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142 days ago
China Service Sector Growth Accelerates On New Business
China's service sector growth accelerated in July on faster growth in new business inflows, data published by S&P Global showed on Monday. The Caixin services Purchasing Managers' Index rose to 52.1 in July from 51.2 in June. The score was expected to rise to 51.4. The score has remained above the neutral 50.0 mark since July 2023 but the pace of growth remained below the year-to-date average.
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142 days ago
Sensex, Nifty Tumble On Weak Global Cues
Indian shares opened sharply lower on Monday as a weak July U.S. jobs report as well as disappointing earnings from the likes of Intel and Amazon ignited worries that the world's largest economy could be falling into a recession under the weight of the Federal Reserve's policy of high interest rates.
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142 days ago
Swiss Franc Rises Against Most Majors
The Swiss franc strengthened against most major currencies in the Asian session on Monday.
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142 days ago
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