Forex News
German Factory Orders Unexpectedly Expand In July
Germany's factory orders grew unexpectedly in July largely due to the surge in demand for transport equipment, official data revealed Thursday. Incoming new orders advanced 2.9 percent on a monthly basis in July following June's revised 4.6 percent expansion, Destatis reported. Orders were forecast to fall 1.6 percent. Excluding large orders, new orders dropped 0.4 percent from June.
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47 days ago
RBA Chief Says Rate Cuts Are Premature
Reserve Bank of Australia Governor Michele Bullock said it is premature to think about interest rate cuts and the highest priority is to bring inflation sustainably towards the target. At the Anika Foundation, Bullock reiterated that the bank remains vigilant to upside risks to inflation and the monetary policy needs to remain sufficiently restrictive.
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47 days ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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47 days ago
European Shares Poised For Soft Start
European stocks may open a tad lower on Thursday as global markets remain in risk-off mode amid mounting unease over the U.S. and Chinese economic outlook.
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47 days ago
European Economic News Preview: Germany Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey results from Germany and retail sales from Eurozone are the top economic news due on Thursday. At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data for August. The jobless rate is forecast to remain unchanged at 2.5 percent.
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47 days ago
Sensex, Nifty Marginally Higher In Early Trade
Indian shares were little changed in early trade on Thursday due to investor anxiety about the U.S. and Chinese economic outlook.
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47 days ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of the more closely watched US monthly jobs report on Friday. Stocks have shown a substantial rebound or late, but are hampered by lingering concerns about the outlook for the economy. Asian Markets closed mostly lower on Wednesday.
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47 days ago
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Sensex, Nifty Seen Flat To Higher At Open
Indian shares are likely to open on a flat note Thursday, tracking mixed cues from global markets and amid Nifty's weekly expiry.
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47 days ago
Japanese Market Notably Lower
Extending the losses in the previous two sessions, the Japanese market is notably lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 36,900 level, with weakness in some index heavyweights and technology stocks.
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47 days ago
Thai Stock Market May Spin Its Wheels On Thursday
The Thai stock market has moved higher in two straight sessions, collecting almost a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,365-point plateau although the rally may stall on Thursday.
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47 days ago
Australia July Trade Surplus A$6.009 Billion
Australia posted a merchandise trade surplus of A$6.009 billion in July, the Australian Bureau of Statistics said on Thursday.
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47 days ago
Indonesia Bourse May Hand Back Wednesday's Gains
The Indonesia stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had advanced almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just above the 7,670-point plateau although it may head south again on Thursday.
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47 days ago
Australian Market Modestly Higher
The Australian market is modestly higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,000 mark, with gains in mining, financial and technology stocks, partially offset by losses in energy stocks.
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47 days ago
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