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U.S. Dollar Weakens On Fed Pause Hopes
The U.S. dollar was lower against its major counterparts during the European session on Thursday, as a bigger than expected slowdown in consumer inflation strengthened expectations that the Federal Reserve's hiking cycle may be nearing its end.
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vor 849 Tagen
Sensex, Nifty End Choppy Session Marginally Higher; IT Stocks Underperform
Indian shares fluctuated before ending on a flat note Thursday after TCS' Q$ revenue and margins missed analyst estimates.
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vor 849 Tagen
UK Economy Stagnates As Strikes Drag Services Output
The UK economy stagnated in February as strikes dampened services output but the growth for January was upwardly revised, tapering the possibility of a recession in the first half of the year. Real gross domestic product showed no growth in February, following a revised 0.4 percent expansion in January, the Office for National Statistics reported Thursday. GDP was forecast to remain flat.
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vor 849 Tagen
European Shares Gain As Luxury Stocks Climb On China Data
European stocks advanced on Thursday despite worries about a U.S. recession and much uncertainty about the Federal Reserve's tightening campaign.
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vor 849 Tagen
FTSE 100 Little Changed As Economy Stagnates In February
U.K. stocks were subdued on Thursday after data showed Britain's economy stagnated in February as a result of strikes by public workers.
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vor 849 Tagen
CAC 40 Gains As LVMH Sales Soar
French stocks advanced on Thursday despite uncertainty around the Fed's rate path and growing concerns about the U.S. economy slipping into a recession later this year.
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vor 849 Tagen
DAX Holds Steady As Inflation Eases In March
German stocks were steady on Thursday despite concerns that the U.S. economy may fall into recession in late 2020 due to the banking crisis.
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vor 849 Tagen
more news
Sam's Club Offers $10 Memberships For 40th Birthday
Sam's Club, a division of Walmart Inc., has unveiled various offers to mark its 40th birthday this month, including a limited period membership offer of $10 for first-time members. The offers include activations that celebrate membership, including in-club events, an exclusive café item, more than $100 in savings and rewards for members, among others.
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vor 849 Tagen
Asian Shares End Mixed On US Recession Worries
Asian stocks recovered early losses to end mixed on Thursday after minutes from the Fed's Open Markets Committee March 21-22 meeting indicated that Fed officials see the U.S. economy entering a "mild recession" by year's end in the wake of the banking crisis.
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vor 849 Tagen
China Exports Log Unexpected Growth; Imports Fall
China exports posted a surprise growth in March, while imports continued to fall, albeit slowly, as foreign trade gained strength following the relaxation of the zero Covid policy. Exports expanded 14.8 percent on a yearly basis in March, the General Administration of Customs reported Thursday. This was the first growth in six months.
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vor 849 Tagen
Aussie Rises As Solid Jobs Data Signaled Further Rate Hike
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, as the stronger jobs data in March pointed to a tight labor market that could keep inflation elevated and open doors for the Reserve Bank to raise interest rates again.
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vor 849 Tagen
European Shares To Open On Cautious Note On US Recession Fears
European stocks may open on a cautious note on Thursday after the latest Fed minutes showed policymakers are eyeing a mild recession this year.
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vor 849 Tagen
European Economic News Preview: UK GDP Data Due
Monthly GDP from the UK and final inflation from Germany are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK monthly GDP data for February. The economy is forecast to grow marginally by 0.1 percent on month, slower than the 0.3 percent expansion registered in January.
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vor 849 Tagen
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