Forex News

FTSE 100 Slightly Lower As Shop Inflation Eases In May

U.K. stocks were subdued on Tuesday as industry data showed shop price growth eased back to normal levels.

RTTNews | 1 day ago

CAC 40 Subdued Ahead Of Key Inflation Data

French stocks were subdued on Tuesday as market participants awaited the U.S. PCE price index report due later this week as well as speeches from Fed officials including Mester, Bowman, Kashkari, Cook and Daly for more clarity on the path for Federal Reserve monetary policy.

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DAX Gains As Inflation Expectations Decline In April

German stocks traded slightly higher on Tuesday as an ECB survey showed consumers lowered their inflation expectations last month.

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Asian Shares End Lower As Investors Await Inflation Data

Asian stocks fluctuated before closing lower on Tuesday as investors remained focused on upcoming U.S. and European inflation data for additional clues on the path of interest rates.

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Crecelac And Farmalac Infant Formula Recalled

Prosper, Texas-based Dairy Manufacturers Inc. has recalled all lot codes for infant formulas available under Crecelac and Farmalac brands as they were sold in the U.S. without complying with the infant formula regulations of the U.S. Food and Drug Administration.

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Antipodean Currencies Rise Amid Risk Appetite

Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday amid risk appetite, following the broadly positive cues from the European markets overnight, as traders remain cautious ahead of key inflation readings from the U.S., Europe, Japan and Australia later in the week, which could help traders access the timing and pace of interest rate cuts this year.

RTTNews | 1 day ago

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session Tuesday.

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Australia Retail Sales Rise Less Than Expected

Australia's retail sales grew less than expected in April as consumers reduced their discretionary spending, flash data from the Australian Bureau of Statistics showed on Tuesday. Retail turnover edged up 0.1 percent on a monthly basis, reversing a 0.4 percent fall in March. But the pace of growth was weaker than economists' forecast of 0.3 percent increase.

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NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.

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European Economic News Preview: Germany Wholesale Price Data Due

Wholesale price data from Germany is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for April. Economists forecast wholesale prices to rise 0.1 percent on month, in contrast to the 0.2 percent rise in March.

RTTNews | 1 day ago