Forex News
China Inflation Steady At 0.3%; PPI Continues To Fall
China's consumer prices logged a steady but meager growth and producer prices continued to fall in May, signalling that more stimulus measures are required to boost demand and consumption. The consumer price index posted an annual increase of 0.3 percent in May, the same pace as in April, the National Bureau of Statistics reported Wednesday. Prices were expected to rise 0.4 percent.
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3 days ago
DAX Gains Ahead Of Fed Decision; Automakers Decline
German stocks advanced on Wednesday ahead of key U.S. inflation data and the Federal Reserve's rate decision later in the day.
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3 days ago
Asian Shares Decline Ahead Of Fed Decision
Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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3 days ago
Canadian Dollar Advances Against Most Majors
The Canadian dollar strengthened against most major currencies against most major currencies in the Asian session on Wednesday.
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3 days ago
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened most major currencies in the Asian session on Wednesday.
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3 days ago
DOJ, FDA Form Federal Task Force Against Illegal E-cigarettes
Amid the increasing nicotine addiction among American youth, the U.S. Department of Justice and the U.S. Food and Drug Administration have formed a federal multi-agency task force to combat the illegal distribution and sale of e-cigarettes. The FDA and the Justice Department is joined by multiple law enforcement partners to coordinate and streamline efforts to bring all available criminal...
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3 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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3 days ago
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European Shares Seen Up Ahead Of US CPI Data, Fed Meeting
European stocks are likely to open on a firm note Wednesday, though overall gains may remain capped ahead of the U.S. inflation report and the Federal Reserve decision later in the day.
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3 days ago
Oracle Stock Up On Deals With OpenAI, Microsoft, Google Amid Strong AI Demand
Oracle Corp. shares gained over 9 percent in the extended trading on Tuesday on the NYSE after the tech major announced artificial intelligence or AI cloud infrastructure partnerships with Microsoft, ChatGPT maker OpenAI, and Alphabet's Google Cloud. While announcing fourth-quarter results, the company also said it expects continued strong AI demand throughout fiscal year 2025 to push Oracle sales
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3 days ago
Sensex, Nifty Modestly Higher; IT Stocks Top Gainers
Indian shares opened on a positive note Wednesday despite mixed global cues.
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3 days ago
European Economic News Preview: UK GDP Data Due
Monthly GDP and foreign trade figures from the UK and final inflation from Germany are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK monthly GDP, industrial production and foreign trade data. Economists forecast gross domestic product to remain flat on month in April after rising 0.4 percent in March.
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3 days ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead to the key US inflation report and the latest US Fed interest rate decision later in the day. While the Fed is widely expected to leave interest rates unchanged, traders are likely to pay attention to the accompanying statement for cues on the outlook for rates.
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3 days ago
Sensex, Nifty Seen Tad Lower Ahead Of Industrial Output, Inflation Readings
Indian shares may open a tad lower on Wednesday as investors react to mixed global cues and await industrial production and retail inflation figures for direction.
The World Bank has retained its growth forecast for India at 6.6 percent for FY25 and said the country will continue to be the fastest-growing major economy.
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3 days ago
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