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Actualités Forex
European Stocks Close Notably Lower On Recession Fears After Sharp Rate Hikes
European stocks closed notably lower on Thursday amid concerns the interest rate hikes by the Federal Reserve, the Bank of England, and the Swiss National Bank will significantly slow down global economic growth in the coming quarters.
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Canadian Market Slips After Positive Start; Technology Stocks Lose Ground
After opening modestly higher, the Canadian market turned weak Thursday morning as shares from technology, consumer discretionary and industrials sectors drifted lower on selling pressure.
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Bank Of England Hikes Rate By 50 Bps; Sees Economy In Recession
The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has already landed in a recession. The Monetary Policy Committee decided to raise the bank rate by 50 basis points to 2.25 percent from 1.75 percent, in a three-way split vote.
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U.S. Leading Economic Index Extends Decline To Six Straight Months In August
Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July.
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Pound Retreats After BoE Rate Hike, Recession Warning
The pound retreated from early highs against its most major counterparts in the European session on Thursday, after the Bank of England raised its key rate by 50 basis points, but predicted a recession in the third quarter of this year.
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U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend
After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
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U.S. Weekly Jobless Claims Inch Up To 213,000
After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
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more news
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Thursday, with investors continuing to assess the likely impact of the sharp interest rate hikes by the Fed, and the Bank of England, on global economic growth.
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U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris
Merck (MRK), known as MSD outside of the United States and Canada, announced Thursday that the U.S. District Court for the Northern District of West Virginia ruled in favor of the company in a patent infringement suit against Viatris, Inc. (VTRS) related to sitagliptin, an active ingredient in JANUVIA, JANUMET and JANUMET XR.
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FactSet Guides FY23 Adj. EPS In Line With Estimates; Q4 Adj. EPS Tops View
While reporting financial results for the fourth quarter on Thursday, FactSet Research Systems, Inc. (FDS) initiated its earnings and revenue outlook for the full-year 2023.
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Japanese Yen Gains Ground Following BoJ Intervention
The Japanese yen appreciated against its major counterparts in the European session on Thursday, after the Bank of Japan intervened in the foreign exchange market to stem the currency's slide amid the central bank's ultra-loose policy.
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Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%
While reporting financial results for the fourth quarter on Thursday, professional services company Accenture plc (ACN) initiated earnings and revenue growth outlook for the full-year 2023, and also provided revenue outlook for the first quarter.
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Sensex, Nifty End Lower Amid Fed Worries, Weekly F&O Expiry
Indian shares closed lower on Thursday, extending losses for a second day running amid weak global cues and the expiry of weekly F&O contracts.
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