Forex News
Fed's Beige Book Notes Modest Economic Growth, Substantial Inflation
With the Federal Reserve's next monetary policy decision looming toward the end of the month, the central bank released its latest Beige Book on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, noted U.S. economic activity has expanded at a modest pace since mid-May.
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704 days ago
Swiss Market Ends Sharply Lower
The Switzerland stock market ended notably lower on Wednesday, in line with markets across Europe, after data showing a faster-than-expected acceleration in U.S. inflation raised concerns the Fed will continue to aggressive hike interest rates in the coming months.
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704 days ago
European Stocks Close Lower As Hot U.S. Inflation Data Fuels Rate Hike Fears
European stocks closed lower on Wednesday, weighed down by concerns about more policy tightening by the Federal Reserve after data showed a faster than expected acceleration in U.S. inflation in the month of June.
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704 days ago
Canadian Market Plunges After Sharp Rate Hike, But Recovers Well To Trim Losses
The Canadian market is down in negative territory a little past noon on Wednesday after the Bank of Canada raised rates by as much as 1%, and revised upward its inflation forecast.
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704 days ago
U.S. Dollar Appreciates As Hot Inflation Data Reinforces Fed Rate Hike Bets
The U.S. dollar drifted higher against its major counterparts in the European session on Wednesday, as the nation's consumer inflation accelerated more than expected in June, cementing hopes for aggressive monetary policy tightening by the Federal Reserve.
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704 days ago
Lego To Indefinitely Cease Operations In Russia
Lego Group has joined the long list of major global brands that have suspended or exited their commercial operations in Russia following the ongoing Russia-Ukraine conflict. The Danish toy maker has decided to indefinitely cease commercial operations in Russia and also laid off about 90 Moscow-based employees.
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704 days ago
U.S. Consumer Price Growth Accelerates To New Four-Decade High In June
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June. The report showed the consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. Economists had expected consumer prices to leap by 1.1 percent.
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704 days ago
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Entergy COO Paul Hinnenkamp To Retire; Peter Norgeot Jr. To Succed Him
Integrated energy company Entergy Corp. (ETR) announced Wednesday that Paul Hinnenkamp, executive vice president and chief operating officer, will retire from the company, effective August 12, following a nearly 40-year career in the energy industry.
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704 days ago
CACI Granted $557.8 Mln IAC MAC Task Order By U.S. Navy
CACI International, Inc. (CACI) announced Wednesday that it was awarded a $557.8 million single-award task order under the Department of Defense Information Analysis Center Multiple Award Contract (IAC MAC) vehicle.
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704 days ago
U.S. Consumer Prices Jump More Than Expected In June
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June.
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704 days ago
Dollar Climbs Following U.S. CPI
Following the release of U.S. CPI for June at 8.30 am ET Wednesday, the greenback rose against its major counterparts.
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704 days ago
Dollar Mixed Ahead Of U.S. CPI
At 8.30 am ET Wednesday, U.S. CPI for June is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it held steady against the yen, it fell against the rest of major rivals.
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704 days ago
Bay Street Seen Opening On Cautious Note; BoC Rate Decision, U.S. Inflation Data In Focus
Canadian shares are likely to open on a cautious note on Wednesday, with the focus on the Bank of Canada's interest rate decision. Weak European markets and concerns about growth might weigh on sentiment.
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704 days ago
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