Forex News
European Shares Decline On Growth Concerns
European stocks fell on Tuesday after a survey showed business growth across the euro zone slowed further last month, partly due to inflationary pressures.
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689 days ago
FTSE 100 Declines As Growth Worries Mount
U.K. stocks fell on Tuesday amid growth worries after a survey showed persistently high inflation has started to dent discretionary spending and negatively influence demand projections across the board.
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689 days ago
Reserve Bank Of Australia Lifts Rate Again By 50 Bps
Australia's central bank hiked its key interest rate by another half percentage points, as widely expected, as policymakers viewed that the withdrawal of the extraordinary support is now needed to contain inflation amid strong labor market conditions. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target to 1.35 percent.
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689 days ago
CAC 40 Slides On Recession Worries
French stocks fell sharply on Tuesday after a survey showed the country's business activity slowed by more than initially forecast in June, partly because of inflationary pressures.
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689 days ago
DAX Falls On Growth Worries
German stocks were moving lower on Tuesday after a survey showed the country's services sector grew at its slowest pace in five months in June, accompanied by a slight dip in manufacturing output.
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689 days ago
Asian Shares Advance On Upbeat China Data
Asian stocks advanced on Tuesday after reports emerged that the United States may decide to cut some tariffs on Chinese imports in an effort to tame record-high inflation.
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689 days ago
Australian Dollar Retreats After RBA Rate Hike
The Australian dollar pulled back from its early highs against its major counterparts in the Asian session on Tuesday, after the Reserve Bank of Australia raised its key interest rate by half percentage points, in line with forecasts.
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689 days ago
more news
European Economics Preview: Eurozone Final Composite PMI Data Due
Final Purchasing Managers' survey results from the Euro area and the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office Insee releases industrial production data for May. Economists forecast output to grow 0.2 percent on month, in contrast to the 0.1 percent fall in April.
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689 days ago
European Shares Seen Up On Bets US May Lift China Tariffs
European stocks are seen opening higher on Tuesday after reports suggested that U.S. President Joe Biden is in the process of making up his mind on easing U.S. tariffs on China, in part to ease record-high inflation.
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689 days ago
China Service Sector Rebounds In June
China's service sector logged a sharp rebound in June as the easing of pandemic related restrictions boosted demand, survey results from S&P Global showed on Tuesday. The Caixin services Purchasing Managers' Index rose to 54.5 in June from 41.4 in May. The reading was forecast to advance moderately to 49.7.
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689 days ago
Sensex, Nifty Open Higher On Firm Global Cues
Indian shares opened higher on Tuesday, tracking positive cues from global markets.
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689 days ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets overnight, as investors remained cautious amid persisting worries about inflation, slowing growth and rising interest rates by major central banks pushing towards a potential recession. Signs of new waves of COVID-19 infections in China also hurt market sentiment.
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689 days ago
Sensex, Nifty Set To Follow Asian Peers Higher
Indian shares look set to open on a solid footing Tuesday as investors react to positive global cues and mixed trade data.
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689 days ago
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