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European Stocks Close Higher On Rate Cut Hopes, Trump's Treasury Secretary Choice
European stocks closed higher on Monday with investors reacting positively to news U.S. President-elect Donald Trump will nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary.
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vor 277 Tagen
Indian Regulator Denies Apple's Request To Pause Antitrust Report
Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
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vor 277 Tagen
Bay Street Likely To Open Lower On Weak Commodity Prices
The Canadian market is likely to open with a negative bias Monday morning, tracking weak crude oil and metal prices. U.S. futures are higher, reacting to Donald Trump's decision to nominate hedge fund manager Scott Bessent as U.S. Treasury Secretary.
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vor 277 Tagen
Dollar's Dazzle Undiminished
The Dollar's rally continued during the week ended November 22 lifting the 6-currency Dollar Index to a 2-year high.
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vor 277 Tagen
Pound Rises As Traders Expect BoE Slow Policy-easing Path
The British pound strengthened against other major currencies in the European session on Monday, as traders anticipate that the Bank of England (BoE) would slow down its policy-easing process in the upcoming month, particularly in light of data that was made public last week that indicated the UK inflation accelerated and once again exceeded the 2 percent target.
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vor 277 Tagen
Sensex, Nifty Rally On Firm Global Cues
Indian shares ended Monday's session sharply higher after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
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vor 277 Tagen
German Business Confidence Weakens In November
German business sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday. The business climate index fell to 85.7 in November from 86.5 in the previous month. The score was expected to fall moderately to 86.0. At 84.3, the current situation index dropped to the lowest since July 2020.
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vor 277 Tagen
more news
European Shares Gain On Rate Cut Hopes
European stocks traded higher at two-week highs on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.
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vor 277 Tagen
FTSE 100 Slightly Higher In Cautious Trade
U.K. stocks were slightly higher on Monday despite an ongoing row about tax rises by chancellor Rachel Reeves.
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vor 277 Tagen
CAC 40 Gains After Bessent's Appointment As US Treasury Secretary
French stocks traded higher on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.
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vor 277 Tagen
DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%
German stocks opened higher on Monday ahead of the release of key inflation readings from the U.S. and Eurozone, U.S. GDP data and the minutes from the last FOMC meeting due this week.
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vor 277 Tagen
Asian Shares Mostly Higher On Bessent Pick For US Treasury
Most Asian stocks rose on Monday, the dollar dipped, and bond yields declined after U.S. President-elect Donald Trump has chosen wealthy hedge fund manager Scott Bessent to be his Treasury secretary.
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vor 277 Tagen
China Keeps Medium-Term Lending Facility Rate Unchanged
China's central bank left the rate on medium-term lending facility unchanged on Monday after cutting the rate in September. The People's Bank of China maintained the MLF rate at 2.0 percent. The bank offered CNY 900 billion via one-year policy loans. Following the operation, the outstanding balance of the MLF was CNY 6.239 trillion. Previously, the bank had reduced the rate on MLF by 30 basis.
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vor 277 Tagen
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