Forex News
DAX Little Changed After Inflation Data
German stocks were little changed on Friday after new data on U.S. consumer price inflation generated mixed reactions from analysts.
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48 days ago
Asian Shares Mixed As Investors Await China Policy Briefing
Asian stocks ended mixed on Friday as investors waited to see whether Beijing will deliver more fiscal stimulus at a press conference by the finance ministry on Saturday.
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48 days ago
UK Economy Returns To Growth
The UK economy returned to growth in August but the pace of expansion was weaker than in the first half of the year, official data revealed Friday. The real economy grew 0.2 percent in August after showing nil growth in July and June, the Office for National Statistics said. The rate came in line with expectations.
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48 days ago
Antipodean Currencies Rise Amid Risk Appetite
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as investor sentiment boosted after data showed the bigger-than-expected increase in U.S. consumer prices further offset optimism the U.S. Fed will continue to aggressively lower interest rates in the coming months. China is also falling as the markets await potential fiscal stimulus announcements on Saturday.
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48 days ago
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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48 days ago
Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut the Base Rate by 25 basis points to 3.25 percent from 3.50 percent.
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48 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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48 days ago
more news
Fisher-Price Recalls 2.2 Mln Snuga Swings After 5 Deaths Reported
Fisher-Price Inc., owned by toymaker Mattel, Inc., is recalling around 2.2 million Snuga Infant swings citing risk of suffocation after 5 deaths were reported since 2012, according to the U.S. Consumer Product Safety Commission. The recall involves all models of Fisher-Price Snuga Swings, which are infant swings with a front to back and side-to-side motion.
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48 days ago
European Shares Poised For A Higher Start
European stocks are seen opening broadly higher on Friday, with market attention focused on a press briefing by China's Ministry of Finance scheduled for Saturday, where policymakers may unveil long-anticipated fiscal stimulus plans to revive the struggling property market and boost economic growth.
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48 days ago
European Economic News Preview: UK GDP Data Due
Monthly GDP estimates, industrial production and foreign trade from the UK and final inflation from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is forecast to grow 0.2 percent on month in August after remaining flat in July.
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48 days ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as data showing the bigger-than-expected increase in US consumer prices further offset optimism the US Fed will continue to aggressively lower interest rates in the coming months. China is also falling as the markets await potential fiscal stimulus announcements on Saturday.
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48 days ago
Sensex, Nifty Seen Lower As Oil Prices Surge
Indian shares are seen opening lower on Friday as Tata Consultancy Services missed Q2 profit estimates and oil headed for a second weekly gain after surging by more than 3 percent on Thursday on geopolitical woes.
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48 days ago
Japanese Market Notably Higher
Extending the gains in the previous two sessions, the Japanese stock market is notably higher on Friday, despite the broadly negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,600 level, with gains across most sectors led by index heavyweights and financial stocks.
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48 days ago
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