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Swiss Franc Slides As Soft Inflation Data Spurs SNB Rate Cut

Swiss Franc Slides As Soft Inflation Data Spurs SNB Rate Cut

The Swiss franc weakened against other major currencies in the European session on Thursday, as Swiss consumer price inflation unexpectedly weakened to the lowest since September 2021 signaled a growing chance that the Swiss National Bank will reduce policy rate at its next meeting in June.
RTTNews | vor 525 Tagen
Eurozone Private Sector Recovers In March

Eurozone Private Sector Recovers In March

The euro area private sector expanded in March, halting a sequence of contraction that started last June, final survey results of the purchasing managers' survey by S&P Global showed on Thursday. The final HCOB composite output index rose to a ten-month high of 50.3 in March from 49.2 in February. At 49.9, the flash reading had signaled another month of decline in activity.
RTTNews | vor 525 Tagen
European Shares Tick Higher As Services PMI Improves

European Shares Tick Higher As Services PMI Improves

European stocks were flat to slightly higher on Thursday after revised data showed economic activity in the eurozone's private sector expanded for the first time in ten months in March. The eurozone services PMI improved to 51.5 from 50.2 in February.
RTTNews | vor 525 Tagen
FTSE 100 Edges Higher On Economic Optimism

FTSE 100 Edges Higher On Economic Optimism

U.K. stocks advanced on Thursday as upbeat manufacturing data and promising figures from the latest house price index released the day before suggested the economy is on track to exit recession.
RTTNews | vor 525 Tagen
CAC 40 Rises As Services Sector Contracts Slowly In March

CAC 40 Rises As Services Sector Contracts Slowly In March

French stocks rose on Thursday after a survey showed the contraction in France's services sector was not as bad as first estimated in March. The final services PMI came in at 48.3 versus 47.8 expected.
RTTNews | vor 525 Tagen
DAX Gains Ahead Of ECB Minutes Release

DAX Gains Ahead Of ECB Minutes Release

German stocks traded slightly higher on Thursday ahead of the release of the region's February producer price data and minutes from the European Central Bank's latest policy meeting.
RTTNews | vor 525 Tagen
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Antipodean Currencies, Euro Strengthens Amid Risk Appetite

Antipodean Currencies, Euro Strengthens Amid Risk Appetite

The antipodean currencies such as the Australia and the New Zealand dollars, and the euro strengthened against their major counterparts in the Asian session on Thursday, as Asian stock markets traded higher, as traders reacted to the latest remarks from U.S. Fed officials that helped ease recent concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that the central bank is not in a hurry to begin lowering interest rates, but reaffirmed his view that they will likely cut interest rates this year.
RTTNews | vor 525 Tagen
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the Asian session on Thursday.
RTTNews | vor 525 Tagen
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey results from the euro area and the UK and minutes of the monetary policy meeting from the European Central Bank are the top economic news due on Thursday. At 2.30 am ET, the Federal Statistical Office publishes Swiss consumer prices for March. Inflation is forecast to rise slightly to 1.3 percent from 1.2 percent in the previous month.
RTTNews | vor 525 Tagen

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