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European Shares Rebound On Chins Optimism Before Holiday
European stocks rose on Friday after China said the worst was over in the battle against COVID-19.
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vor 1028 Tagen
Pound Declines As UK Retail Sales Drop Unexpectedly
The pound fell against its major counterparts in early European deals on Friday, as the nation's retail sales declined unexpectedly in December, raising concerns about the economic outlook.
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vor 1028 Tagen
FTSE 100 Edges Higher Despite Weak Retail Sales Data
U.K. stocks eked out modest gains on Friday as optimism over demand recovery in China boosted mining and energy stocks.
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vor 1028 Tagen
CAC 40 Rebounds After Thursday's Selloff
French stocks were moving higher on Friday as investors pinned hopes for demand recovery in the world's second-biggest economy on eve of upcoming Lunar New Year holiday.
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vor 1028 Tagen
South Korea Producer Price Inflation Lowest In Nearly 2 Years
South Korea's producer prices rose at the slowest annual pace in twenty months in December and the pace eased for a sixth month in a row, thanks to a let up in inflationary pressures in the manufacturing sector due to the fall in oil prices and a weaker dollar, preliminary figures from the Bank of Korea showed Friday.
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vor 1028 Tagen
DAX Sees Modest Gains On China Optimism
German stocks were seeing modest gains on Friday, with optimism about China's reopening and expectations that the Federal Reserve would ease up on interest-rate rises helping underpinning sentiment.
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vor 1028 Tagen
Ericsson Stock Down On Weak Q4 Profit, Q1 EBITA Warning
Shares of LM Ericsson were losing around 7 percent in the early morning trading in Sweden after the telecom major reported Friday weak profit in its fourth quarter, hurt by hefty charges, despite higher revenues. Looking ahead, the company said it expects first-quarter Group EBITA to be somewhat lower than last year, with improvements during the year.
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vor 1028 Tagen
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Germany Producer Price Inflation At 13-Month Low On Easing Energy Prices
Germany's producer price inflation eased for the third straight month in December to reach its lowest level in just over a year amid a moderation in energy prices, data from Destatis showed on Friday.
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vor 1028 Tagen
Asian Shares Advance As US Rate Hike Worries Ease
Asian stocks ended broadly higher on Friday, Treasury yields fell and the dollar sank after a slew of Fed officials said there is need for further rate increases at slower pace.
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vor 1028 Tagen
UK Retail Sales Unexpectedly Fall Amid Weaker Consumer Sentiment
Despite the festive season, UK retail sales unexpectedly declined in December and consumers turned more pessimistic at the start of this year as the rising cost of living and the slowing economy hurt their purchasing power. The retail sales volume logged a monthly fall of 1.0 percent after easing by a revised 0.5 percent a month ago.
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vor 1028 Tagen
European Economic News Preview: UK Retail Sales Data Due
Retail sales from the UK and producer prices from Germany are the top economic news due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK retail sales data for December. Sales are forecast to grow 0.5 percent on month, reversing a 0.4 percent fall in November.
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vor 1028 Tagen
China Keeps Lending Rates Unchanged
China left its benchmark lending rates unchanged for the fifth straight month despite the economy struggling to gain traction. The People's Bank of China on Friday kept its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was maintained at 4.30 percent.
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vor 1028 Tagen
T-Mobile Confirms Data Breach Of 37 Mln US Customer Accounts
T-Mobile US, Inc. in a regulatory filing confirmed that it has suffered a cyber attack, in which data for approximately 37 million current postpaid and prepaid customer accounts were stolen. In a filing with the U.S. Securities and Exchange Commission, T-Mobile said the impacted API was able to provide some basic customer information, including name, billing address, email, phone number, date of
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vor 1028 Tagen
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