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Dollar Remains Weak On Weak Data, Rate Cut Bets

The U.S. dollar shed ground on Monday, extending recent decline, amid concerns about slowing economy, and rising bets the Federal Reserve will cut interest rate by more than 25 basis points next month.

RTTNews | 82 วันที่ผ่านมา

Euro Rises Against Majors

The euro climbed against its most major counterparts in the New York session on Monday.

RTTNews | 82 วันที่ผ่านมา

Swiss Stocks Plunge Again; SMI Loses 2.8%

The Switzerland market ended sharply lower on Monday as stocks across the board reeled under sustained selling pressure due to a sell-off in global markets amid concerns about a possible recession in the U.S., and on escalating conflict in the Middle East.

RTTNews | 82 วันที่ผ่านมา

European Stocks Tumble Again; Several Major Markets Fall To Multi-month Lows

European stocks tumbled on Monday, and several major markets recorded their largest single-session drop, as investors went on a selling spree amid rising fears the U.S. economy is slipping into a recession. Some weak eurozone economic data hurt as well.

RTTNews | 82 วันที่ผ่านมา

Fed's Goolsbee Says Data Do Not Suggest U.S. Recession Yet

The Federal Reserve Bank of Chicago President Austan Goolsbee said Monday that recent weaker than expected job numbers and other data do not suggest that the U.S. economy is in a recession yet and added that the policy need not be restrictive if the economy is not overheating. "Jobs numbers came in weaker than expected, but not looking yet like recession," Goolsbee said to the broadcaster CNBC.

RTTNews | 82 วันที่ผ่านมา

U.S. Services Index Indicates Turnaround In July

Service sector activity in the U.S. turned positive in the month of July, according to a report released by the Institute for Supply Management on Monday. The ISM said its services PMI climbed to 51.4 in July from 48.8 in June, with a reading above 50 indicating growth. Economists had expected the index to rise to 51.0.

RTTNews | 82 วันที่ผ่านมา

Dollar Tumbles Amidst Fed's Rate Cut Hints, Weak Jobs Data

Firm hints of a Fed rate cut as early as September and weaker-than-expected jobs data from the U.S. exacerbated the Dollar's tumble during the week ended August 2.

RTTNews | 82 วันที่ผ่านมา

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Frontdoor Promotes Evan Iverson To SVP And COO, Effective August 1

Frontdoor, Inc. (FTDR) announced Monday that Evan Iverson has been promoted to Senior Vice President and Chief Operating Officer, effective August 1, 2024.

RTTNews | 82 วันที่ผ่านมา

Eurozone Private Sector Growth Loses Momentum

The euro area private sector activity posted its weakest growth in the current five-month sequence of expansion amid falling demand and weaker sentiment, final data from S&P Global showed on Monday. The final composite output index slid to 50.2 in July from 50.9 in June. The flash reading was 50.1. The score moved close to the 50.0 threshold, suggesting that growth was only fractional.

RTTNews | 82 วันที่ผ่านมา

Bay Street May Open With Big Negative Gap

The Canadian market is likely to open with a big negative gap Monday morning, tracking a sell-off in global markets amid rising fears the U.S. economy is heading for a recession. Escalating tensions in the Middle East, and falling commodity prices are also likely to render the mood quite bearish.

RTTNews | 82 วันที่ผ่านมา