Forex News
FTSE 100 Declines As Miners Drag On Growth Worries
U.K. stocks fell on Thursday as oil and metal prices extended losses, weighing on commodity-related stocks.
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681 days ago
CAC 40 Slides On Weak Data
French stocks declined on Thursday after Federal Reserve Chair Jerome Powell said a soft landing for the economy is going to be very challenging and a recession is possible.
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681 days ago
DAX Falls On Growth Worries
German stocks fell sharply on Thursday as Federal Reserve chair Jerome Powell acknowledged the possibility of a recession and data showed German manufacturers saw business activity slump to its lowest level in 23 months in June.
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681 days ago
Asian Shares Mixed As Growth Worries Weigh
Asian stocks ended mixed on Thursday after Federal Reserve Chair Jerome Powell said he believed the U.S. economy is strong enough to handle coming interest-rate hikes, but acknowledged that a recession could happen.
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681 days ago
Philippine Central Bank Raises Rates By 25 Bps
The Philippine central bank hiked its key interest rates again by 25 basis points, as widely expected, and signaled further tightening as inflation is set to remain above the target in the near-term. The Monetary Board the Bangko Sentral Ng Pilipinas decided to raise the key interest rate, which is the overnight reverse repurchase facility rate, by 25 basis points to 2.50 percent, effective Jun
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681 days ago
Australian, NZ Dollars Fall As Recession Fears Grow
The Australian and NZ dollars dropped against their major counterparts in the Asian session on Thursday, as risk sentiment deteriorated after Federal Reserve Chair Jerome Powell acknowledged that the central bank's attempts to bring down inflation with aggressive rate hikes could fuel a recession.
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681 days ago
UK Budget Deficit Exceeds Official Estimate
The UK budget deficit exceeded the official estimate in May as higher inflation pushed up interest payments on government debt, the Office for National Statistics said Thursday. Public sector net borrowing, excluding public sector banks, declined GBP 4.0 billion from the previous year to GBP 14.0 billion in May. Economists had forecast the deficit to fall to GBP 12 billion.
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681 days ago
more news
European Economics Preview: Eurozone Flash PMI Data Due
Flash Purchasing Managers' survey results from eurozone and the UK are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for May. The budget deficit is expected to narrow to GBP 13.2 billion from GBP 17.8 billion in April.
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681 days ago
European Shares Set To Drift Lower As Recession Fears Take Hold
European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.
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681 days ago
Sensex Climbs 500 Points; Nifty Tops 15,550
Indian shares rose sharply in early trade on Thursday despite mixed global cues and the impending weekly F&O expiry.
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681 days ago
Asian Markets Trade Mostly Higher
Asian stock markets are mostly higher on Thursday, despite the broadly negative cues overnight from the global markets, as traders are slightly relived after US Federal Reserve Chair Jerome Powell said the central bank is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control, even at the risk of an economic slowdown.
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681 days ago
Sensex, Nifty Set To Open On Steady Note
Indian shares are likely to open higher on Thursday after Wall Street's main indexes ended little changed overnight. As recession worries mount, the recent decline in oil price may help ease inflation worries on the domestic front.
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681 days ago
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Thursday after being in the green in most of the morning session, extending the losses in the previous session, with the Nikkei 225 staying above the 26,100 level, following the broadly negative cues overnight from the global markets, amid worries persistent inflation and interest rate hikes could push towards a recession.
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681 days ago
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