Forex News

Rate Cut Hopes Boost European Stock Markets

Rate Cut Hopes Boost European Stock Markets

Optimism over interest rate cuts had traders in a happy mood on Friday as the major European stock markets finished solidly to the upside, extending recent gains.
RTTNews | 1 day ago
U.S. Housing Starts Skyrocket To Ten-Month High In December

U.S. Housing Starts Skyrocket To Ten-Month High In December

A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
RTTNews | 1 day ago
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UK Retail Sales Drop Unexpectedly On Weak Food Store Sales

UK Retail Sales Drop Unexpectedly On Weak Food Store Sales

UK retail sales declined unexpectedly in December despite the festive season as food sales logged its worst performance since 2013, data from the Office for National Statistics showed Friday. Retail sales volume decreased 0.3 percent on a monthly basis in December, in contrast to the revised 0.1 percent gain in November. The decline confounded expectations for an increase of 0.4 percent.
RTTNews | 1 day ago
Malaysia Economy Logs Slower Growth

Malaysia Economy Logs Slower Growth

Malaysia's economy logged a softer growth in the fourth quarter as expansions in manufacturing and construction weakened but the overall growth for 2024 came within the government forecast. Gross domestic product climbed 4.8 percent from a year ago in the fourth quarter, advance estimates from the Department of Statistics showed on Friday. But this was weaker than the 5.3 percent expansion.
RTTNews | 2 days ago

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