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European Shares Inch Higher With German Politics In Focus
European stocks traded higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
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FTSE 100 Modestly Higher As Metal Stocks Surge
U.K. stocks traded higher on Thursday as higher commodity prices lifted resource stocks.
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Commodity Currencies Gain On Upbeat China Trade Data
The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday, after data showed that China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand.
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CAC 40 Slightly Higher Ahead Of BoE, Fed Decisions
French stocks were slightly higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
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DAX Rallies As Germany Faces Snap Election
German stocks rose sharply on Thursday as investors digested the ramifications of political upheaval in the country.
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Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Thursday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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Asian Shares Mixed After China Trade Data
Asian stocks ended mixed on Thursday as upbeat Chinese trade data offset concerns over the impact of Trump's policies on international trade, immigration and other key issues.
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UK House Prices Rise For Fourth Straight Month
UK house prices increased for the fourth straight month to hit a record high in October but prices are expected to climb at a moderate pace as slower interest rate cuts by the Bank of England and government policies might damp demand, mortgage lender Halifax said Thursday. House prices grew 0.2 percent from September, as expected. This follows a 0.3 percent gain each in August and September.
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European Economic News Preview: BoE To Cut Interest Rate
The Bank of England is set to lower its benchmark rate by a quarter-point on Thursday but uncertainty over the future policy easing escalated after Donald Trump won the US presidential election. At the end of two-day policy meeting, the Monetary Policy Committee of the BoE is expected to lower the bank rate to 4.75 percent from 5.00 percent.
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China Exports Growth Fastest In More Than 2 Years; Imports Fall
China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand, official data showed Thursday. Exports grew 12.7 percent on a yearly basis, following an increase of 2.4 percent in September, customs data revealed. Shipments were forecast to climb only 5.0 percent.
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European Shares To Open Mixed On Tariff Worries
European stocks may open on a mixed note Thursday amid concerns that Donald Trump's 'America First' policy may revive trade tussle over tariffs.
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