Forex Nyheter
DAX Edges Higher In Cautious Trade
German stocks traded slightly higher on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
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Asian Shares Mixed After China Data
Asian stocks ended mixed on Friday as a slew of Chinese data backed calls for more stimulus.
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Australian Dollar Rises After China GDP Data
The Australian dollar strengthened against other major currencies in the Asian session on Friday, after China's economy grew at the slowest pace in more than a year in the third quarter.
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Google Names Nick Fox New Search Head, Prabhakar Raghavan Chief Technologist In AI Reshuffle
Tech major Google LLC announced reshuffle to its group structure and leadership roles in Artificial Intelligence to prepare its Knowledge & Information team for the Gemini era. With the move, the company aims to strengthen its race in AI, which moves faster than any other technology, amid surging competition. Prabhakar Raghavan, who has been leading Knowledge & Information, which includes Search,
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UK Retail Sales Rise Unexpectedly
UK retail sales logged an unexpected growth in September on higher sales of technology products, the Office for National Statistics said Friday. Retail sales grew 0.3 percent on month in September, confounding expectations for a 0.3 percent fall. This marked the third consecutive increase. Sales had increased 1.0 percent in August and 0.8 percent in July.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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European Economic News Preview: UK Retail Sales Data Due
Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.
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more news
China Economy Logs Weakest Growth Since Early 2023
China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.
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European Shares Seen Tad Lower After Mixed China Data
European stocks look set to open a tad lower on Friday as mixed Chinese data released earlier today coupled with the lack of concrete stimulus details stirred concerns about the country's economic trajectory.
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Sensex, Nifty Open Lower On Muted Global Cues
Indian shares opened lower on Friday due to muted global cues as Middle East tensions persisted, and investors trimmed their bets on Federal Reserve interest-rate cuts this year.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of economic data from China, including GDP figures. A rate cut by the European Central Bank and expectations of interest rate cuts by the US Fed and the Bank of Canada are aiding market sentiment. Asian markets ended mixed on Thursday.
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Japanese Market Modestly Higher
Recouping some of the losses in the previous two sessions, the Japanese stock market is modestly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,000 mark, with gains in some index heavyweights and financial stocks partially offset by weakness in technology stocks.
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Sensex, Nifty Seen Lower With Middle East Tensions And Earnings In Focus
Indian shares are seen opening marginally lower on Friday as investors react to muted global cues, heightened tensions in the Middle East and earnings results from prominent companies including Infosys, Wipro and Axis Bank.
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